BONK Tests Support as Volume Surges 122% in Solana Selloff

Markets Partager Partager cet article Copier le lien X icon X (Twitter) LinkedIn Facebook Email BONK Tests Support as Volume Surges 122% in Solana Selloff BONK broke $0.0000146 support on heavy volume but found buyers near $0.0000143 as traders eye potential base formation. Par Jamie Crawley , CD Analytics | Édité par Stephen Alpher 29 oct. 2025, 3:19 p.m. Traduit par IA BONK-USD, Oct. 29 2025 (CoinDesk) What to know : BONK dropped 3.4% to $0.0000143, confirming a technical breakdown below $0.0000146. Trading volume jumped 122% above average, signaling aggressive repositioning. Resistance formed around $0.0000143, suggesting potential near-term consolidation zone. BONK-USD extended its slide Tuesday, falling 3.4% to $0.0000143 as the Solana-based meme token succumbed to renewed downard pressure across the broader ecosystem. The decline marked a decisive break below $0.0000146 support, a key level that had held for much of the past week, confirming a short-term bearish structure, according to CoinDesk Research's technical analysis data model. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . The 24-hour trading range spanned roughly $0.0000090, reflecting 6.2% intraday volatility typical of BONK’s highly speculative nature. Volume surged to 1.26 trillion tokens around 20:00 GMT, representing a 122% increase over the 24-hour average — a signal that institutional and algorithmic traders were active during the breakdown. After peaking near $0.0000152, BONK failed to sustain its gains, printing a series of lower highs between 19:00 and 21:00 GMT before cascading toward the $0.0000143 zone. Despite the weakness, buying interest emerged late in the session as volume spikes between 01:32 and 01:50 GMT brought modest relief. The token rebounded slightly to $0.0000143291, forming a higher low near $0.0000142930, which suggests early base-building at support. The token’s immediate focus now lies within the $0.0000143–$0.0000144 consolidation band, with upside momentum capped by resistance at $0.0000144018 and $0.0000146. Traders expect continued range-bound activity, with tactical opportunities for accumulation near current levels. 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 . AI Market Insights Technical Analysis More For You OwlTing: Stablecoin Infrastructure for the Future By CoinDesk Research Oct 16, 2025 Commissioned by OwlTing Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent. View Full Report More For You Michael Saylor's Strategy Drops $18B in Value, but a Rebound May Be Near: 10X Research By Krisztian Sandor | Edited by Stephen Alpher 18 minutes ago The company is expected to report another quarterly profit on Thursday, possibly reviving expectations for S&P 500 inclusion, 10x Research's Markus Thielen argued. What to know : Bitcoin treasury firm Strategy (MSTR) has slumped 40% since July, but a potential rebound nears with upcoming catalysts, 10x Research's Markus Thielen said. Thielen expects the company to report a third quarter $3.6 billion profit from BTC mark-to-market gains, reviving speculation about S&P 500 inclusion. Inclusion in the index could mean $28 billion of buying pressure on the stock, said Thielen. Read full story Latest Crypto News Michael Saylor's Strategy Drops $18B in Value, but a Rebound May Be Near: 10X Research 18 minutes ago Cardano Falls Below Key Support as Institutional Investors Pull Back 37 minutes ago The Protocol: ETH’s Fusaka Upgrade Goes Live on Hoodi, Mainnet Next 1 hour ago Crypto Treasury Activity Still Tepid, but Capital Flows Rebound: B. Riley 1 hour ago Nvidia Hits $5T Market Cap as Bitcoin Now Trails U.S. Equities Year to Date 2 hours ago William Blair Analysts Sees Upside in Western Union’s Solana-Based Stablecoin Launch 2 hours ago Top Stories Michael Saylor's Strategy Drops $18B in Value, but a Rebound May Be Near: 10X Research 18 minutes ago Nvidia Hits $5T Market Cap as Bitcoin Now Trails U.S. Equities Year to Date 2 hours ago Georgia's ‘Shadow Ruler’ Is Trying to Claw Back a Bitcoin Fortune Worth $1B 2 hours ago Stablecoin Inflows Rise Before Fed Rate Decision: Crypto Daybook Americas 4 hours ago DBS, Goldman Sachs Execute First Over-the-Counter Interbank Crypto Options Trade 7 hours ago Bitcoin, Ether Brace for $17B Options Expiry Amid Fed Meeting, Tech Company Earnings 5 hours ago