BONK Surges 12% as Grayscale Monitoring Sparks Institutional Momentum

BONK posted a crisp 12% intraday summation during the past 24 hours, climbing from $0.0000250 to $0.0000281 earlier settling astatine $0.0000265, up 6.2%.

The Solana-based meme token surged pursuing quality that Grayscale Investments included BONK successful its expanded organization monitoring framework, signaling rising involvement from plus managers and imaginable aboriginal merchandise development.

Trading momentum intensified opening astir 15:00 UTC connected July 13, culminating successful a high-volume breakout by 05:00 UTC connected July 14. BONK recorded 2.6 trillion tokens successful trading measurement astatine its peak, much than treble emblematic regular activity.

Technical levels confirmed absorption astatine $0.0000281, wherever terms enactment encountered sell-side pressure. However, enactment was established astatine $0.0000264, with organization traders seen re-entering positions during pullbacks, perchance mounting up for a aboriginal breakout, peculiarly if BONK tin support momentum supra $0.0000260.

BONK besides experienced a 3% plaything during the last 60-minute league betwixt 09:37 and 10:36 UTC, ranging from $0.0000260 to $0.0000268. While little profit-taking drove prices to league lows astir $0.0000260, renewed buying involvement rapidly stabilized the market.

Technical Analysis Highlights

• Trading range: $0.0000247–$0.0000281, representing 14% volatility during the organization breakout window.
• Peak volume: 2.6T tokens traded astatine 05:00 UTC, reflecting precocious condemnation involvement from ample buyers.
• Resistance zone: $0.0000281 confirmed by rejection pattern; adjacent trial could awesome breakout continuation.
• Support zone: $0.0000264 identified arsenic organization accumulation band; firmed by aggregate bounces.
• Intraday dip: Brief determination to $0.0000260 met with dense buying; measurement exceeded 75B tokens successful late-session activity.
• Recovery zone: Market stabilized astir $0.0000266 arsenic selling unit eased, forming bullish continuation structure.

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