- BONK dropped 2.1% after failing again to break the $0.00001090 resistance level.
- Volume spiked 58% during a rejection, signaling strong sell pressure at the top of the range.
- Support sits at $0.00001050–$0.00001040; a bullish reversal requires reclaiming $0.00001090 with volume.
BONK eased to $0.00001073 on the day, sliding 2.1% as yet another attempt to push above the stubborn $0.00001090 resistance zone fell flat. The memecoin has been consistently underperforming broader crypto benchmarks, trailing them by roughly 3.5 percentage points according to CoinDesk Research’s technical model. While large-cap assets saw modest gains, BONK continued its multi-session drift lower.
Volume Spikes Reveal Heavy Selling at the Top of the Range
Trading activity jumped sharply, rising 11.46% above BONK’s weekly average to 557.6 billion tokens. A massive surge near 16:00 UTC spiked turnover to 879 billion — 58% above typical session levels — right as BONK was rejected at the top of its trading band once again. That surge marked aggressive seller presence, pushing BONK off its highs and setting the tone for the remainder of the session.
After several unsuccessful rebound attempts, BONK slipped under $0.00001080, confirming the persistent lower-high pattern that has defined its November chart. The sharpest drop of the session came during a move from $0.00001085 down to $0.00001072, backed by 63.3 billion in volume — another signal that sellers are stepping in quickly whenever price shows strength.
Key Levels to Watch Moving Forward
Support continues to sit in the $0.00001050–$0.00001040 region, where buyers have been defending the lower edge of the range. A deeper breakdown could pressure BONK into retesting early-November lows. On the flip side, any credible recovery would require a clean reclaim of $0.00001090, ideally backed by rising volume and a break in the lower-high structure.
