BONK posted a pointy 12% intraday acquire over the past 24 hours, climbing from $0.0000250 to $0.0000281 earlier than settling at $0.0000265, up 6.2%.
The Solana-based meme token surged following information that Grayscale Investments included BONK in its expanded institutional monitoring framework, signaling rising curiosity from asset managers and potential future product improvement.
Buying and selling momentum intensified starting round 15:00 UTC on July 13, culminating in a high-volume breakout by 05:00 UTC on July 14. BONK recorded 2.6 trillion tokens in buying and selling quantity at its peak, greater than double typical every day exercise.
Technical ranges confirmed resistance at $0.0000281, the place worth motion encountered sell-side strain. Nonetheless, help was established at $0.0000264, with institutional merchants seen re-entering positions throughout pullbacks, probably organising for a future breakout, significantly if BONK can keep momentum above $0.0000260.
BONK additionally skilled a 3% swing through the closing 60-minute session between 09:37 and 10:36 UTC, starting from $0.0000260 to $0.0000268. Whereas temporary profit-taking drove costs to session lows round $0.0000260, renewed shopping for curiosity rapidly stabilized the market.
Technical Evaluation Highlights
- Buying and selling vary: $0.0000247–$0.0000281, representing 14% volatility through the institutional breakout window.
- Peak quantity: 2.6T tokens traded at 05:00 UTC, reflecting excessive conviction curiosity from giant consumers.
- Resistance zone: $0.0000281 confirmed by rejection sample; subsequent take a look at might sign breakout continuation.
- Help zone: $0.0000264 recognized as institutional accumulation band; firmed by a number of bounces.
- Intraday dip: Transient transfer to $0.0000260 met with heavy shopping for; quantity exceeded 75B tokens in late-session exercise.
- Restoration zone: Market stabilized round $0.0000266 as promoting strain eased, forming bullish continuation construction.
Disclaimer: Elements of this text had been generated with the help from AI instruments and reviewed by our editorial crew to make sure accuracy and adherence to our requirements. For extra data, see CoinDesk’s full AI Coverage.
