BONK Surges 9% as Even as Memecoin Interest Shifts to Newer Tokens

BONK rallied much than 9% successful the past 24 hours, advancing from $0.000022 to a highest of $0.000024.

The trading scope spanned $0.000002, representing important volatility, with momentum heavy concentrated successful the aboriginal greeting hours, according to CoinDesk Research’s method investigation information model.

Trading measurement exceeded 1.2 trillion tokens during cardinal rebound attempts astatine 06:00 and 07:00 UTC, underscoring beardown short-term demand.

The rally met stiff absorption astatine $0.000024, wherever advances were rejected, confirming this level arsenic a near-term ceiling. Support developed astir $0.000023, portion bulls pressed higher during the aboriginal greeting breakout, late-session trading showed signs of exhaustion.

Between 11:53 and 12:52, BONK declined 1.14% from $0.000023459 to $0.000023190, arsenic measurement spiked supra 35 cardinal tokens successful a concentrated question of selling. That reversal erased portion of the earlier rally and near the token consolidating conscionable supra its established enactment zone.

The show comes amid shifting dynamics wrong the memecoin sector. While BONK and dogecoin (DOGE) stay heavy traded, newer projects such arsenic LayerBrett and Little Pepe are capturing marketplace share by offering staking mechanisms and layer-2 integrations. Social engagement for bequest meme tokens has cooled, portion traders are rotating into tokens with utility-driven models.

Technical Analysis

• BONK rallied 9% from $0.000022 to $0.000024 successful 24 hours.
• Support consolidated astatine $0.000023 with buying unit during repeated tests.
• Resistance hardened astatine $0.000024 with accordant rejection connected precocious volume.
• Trading measurement peaked astatine 1.2 trillion tokens during greeting breakout attempts.
• A diminution erased 1.14% from intraday highs.
• A sell-off betwixt 12:30–12:45 UTC carried measurement spikes supra 35 cardinal tokens.
• Intraday lows astatine $0.000023180 hint astatine imaginable inclination reversal signals.

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