BONK eased to $0.00001073, down 2.1% over the latest 24-hour window, as another attempt to reclaim higher ground faltered beneath the familiar $0.00001090 resistance band.
The token lagged broader crypto benchmarks by roughly 3.5 percentage points, extending a multi-session trend of relative underperformance even as major assets posted modest gains, according to CoinDesk Research’s technical analysis data model.
Volume picked up sharply, rising 11.46% above BONK’s weekly average to 557.6 billion tokens. A major spike at 16:00 UTC pushed turnover to 879.0 billion — around 58% above typical session levels — coinciding with yet another rejection at the upper end of the range. Trading then shifted decisively lower, with BONK slipping through $0.00001080 after several failed rebounds.
A brief move from $0.00001085 to $0.00001072 marked the session’s sharpest decline, supported by 63.3 billion in volume and reinforcing the lower-high pattern that has shaped BONK’s chart throughout November. Support remains concentrated around $0.00001050–$0.00001040, while a sustained recovery would require a break back above $0.00001090 on strengthening volume.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
Source: https://www.coindesk.com/markets/2025/11/17/bonk-retreats-as-resistance-rejection-and-rising-volume-stall-uptrend
