Memecoin BONK, operating on the Solana blockchain, has shown a 1.7% increase over the past 24 hours. Data analysis highlights price fluctuations and market activity.
Current Price and Volume Data
According to analysis data, BONK's price fluctuated between $0.00002485 and $0.00002645. Daily trading volume exceeded 1.09 trillion tokens; however, strong sell orders at the $0.00002640 level limited price growth.
Price Movements and Market Trends
Since the beginning of August 7, BONK's price has started to recover despite short-term pullbacks. High buying activity has been observed in the $0.00002550 to $0.00002600 range. Research indicates that buying volumes are concentrated in the $0.00002580–$0.00002610 range, indicating significant liquidity in this area.
Technical Analysis and Forecasts
Technical analysis showed that the price repeatedly pulled back from the resistance level of $0.00002640. It is expected that price movements may oscillate around these levels in the short term, with maintaining existing support being crucial for potential new purchases.
In the current market conditions, the duration of maintaining support levels and liquidity may become a determining factor for future price fluctuations in the BONK memecoin.
