BONK Rallies 10% to $0.000027 Amid Strong Trading Volume
BONK experienced a notable intraday surge, rising 10% from $0.000025 to $0.000027 between August 12 and August 13. The Solana-based meme token demonstrated 13% volatility within a trading range of $0.000031 as traders focused on short-term momentum.
The rally initiated after BONK found support at $0.000024, with increased buying interest leading to a daily peak of $0.000027 early on August 13. Trading volumes surpassed the 24-hour average of 956.8 billion tokens, indicating strong activity from both retail and institutional investors.
However, BONK faced a 1% decline during U.S. morning hours, dropping from $0.000027 to $0.00002646 due to profit-taking by larger holders, highlighted by a significant spike in volume at 12:52 UTC.
This trading activity follows a recent announcement from Nasdaq-listed Safety Shot regarding a $25 million investment in BONK's ecosystem, reflecting growing institutional interest.
Technical Analysis
- Support zone: $0.000024 remained intact.
- Resistance peak: $0.000027 reached between 03:00-04:00 UTC on August 13.
- Total range: $0.000031 with 13% volatility.
- Average daily volume: 956.8B tokens; consistently exceeded during the rally.
- Largest selling spike: 38B tokens at 12:52 UTC during pullback.
- Late-session decline: fell to $0.00002646.