BONK recorded a notable 8.39% increase rising from $0.000028 to $0.000029, marking a continuation of the token’s bullish momentum following earlier rebounds, with a clearly defined structure of ascending lows consolidating around the $0.000027–$0.000028 range.

As the token approached the psychologically significant $0.00003 resistance level, increased sell-side pressure materialized, capping further advances despite bullish fundamentals, according to CoinDesk's technical analysis data model.

The token reached an intraday high of $0.00003 at approximately 09:58 UTC before retreating. BONK fell 1.58% to $0.000029, retracing part of its earlier rally. The pullback was accompanied by heightened volume, suggesting localized profit-taking rather than a broader trend reversal.

The recent rally is underpinned by a looming deflationary catalyst: BONK’s protocol is set to burn 1 trillion tokens upon reaching 1 million on-chain holders, which would mark one of the largest burns in the meme token’s history and reduce circulating supply significantly.

Technical Analysis

• $0.000027 to $0.00003 (10.7% range)
• Strong consolidation near $0.000027–$0.000028
• $0.00003 proved formidable, triggering a 1.58% pullback
• Spiked during reversal period, confirming bearish rejection at resistance
• Bullish structure with higher lows; short-term bearish retracement underway

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。