BONK Advances, Eyeing Critical Barrier at $0.0000264

Price range: $0.00002485 – $0.00002645
Daily spread: 4%
Confirmed resistance: $0.00002640
Support zone: $0.00002550 – $0.00002600
Peak volume: 1.09 trillion tokens during upward move
Failed breakout: $0.00002615 (with 48.86B volume spike)
Liquidity cluster: $0.00002580 – $0.00002610
Short-term pattern: Lower highs post-peak, holding above key levels

BONK Climbs 1.7% but Stalls Below Resistance as Volume Spikes Past 1 Trillion Tokens

Solana-based memecoin BONK saw a modest 1.7% gain over the past 24 hours, trading at $0.00002626 as of the latest session. Despite the uptick, the token struggled to break through a key resistance level after a period of heightened intraday volatility.

Trading activity ranged between $0.00002485 and $0.00002645, reflecting a 4% price spread. The rebound from the daily low began around 16:00 UTC on August 7, with the strongest upside momentum occurring during European hours on Friday. That surge brought total daily volume above 1.09 trillion tokens, significantly above the average.

However, resistance proved tough at the $0.00002640 level, where sell orders consistently absorbed buying pressure. A brief breakout attempt at $0.00002615 was quickly reversed following a large 48.86 billion token trade at 12:07 UTC, reinforcing the overhead barrier.

Since then, BONK has consolidated just above $0.00002600, showing signs of strength in the $0.00002550–$0.00002600 support band. While buyers remain active, momentum has slowed, and the price action is now coiling beneath short-term resistance around $0.00002630.

Market sentiment for memecoins remains cautious amid broader crypto choppiness, with some capital rotating into larger-cap digital assets. Still, BONK’s steady support and active trading range suggest traders are preparing for another attempt at a breakout.

Technical Summary: