BONK Records 8.39% Increase Ahead of Major Token Burn
BONK experienced an 8.39% increase, rising from $0.000028 to $0.000029, continuing its bullish momentum with ascending lows around the $0.000027–$0.000028 range.
Despite reaching an intraday high of $0.00003, increased sell-side pressure limited further advances. The token fell 1.58% to $0.000029, indicating localized profit-taking rather than a trend reversal.
A deflationary catalyst is approaching as BONK plans to burn 1 trillion tokens upon reaching 1 million on-chain holders, significantly reducing circulating supply.
Technical Analysis
- $0.000027 to $0.00003 (10.7% range)
- Strong consolidation near $0.000027–$0.000028
- $0.00003 acted as resistance, triggering a 1.58% pullback
- Volume spike during pullback confirms bearish rejection at resistance
- Bullish structure with higher lows; short-term bearish retracement ongoing