{"id":42391,"date":"2025-08-15T13:47:01","date_gmt":"2025-08-15T13:47:01","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=42391"},"modified":"2025-08-15T13:47:01","modified_gmt":"2025-08-15T13:47:01","slug":"bonk-holds-key-support-after-heavy-selling-hits-solana-meme-token","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=42391","title":{"rendered":"BONK Holds Key Support After Heavy Selling Hits Solana Meme Token"},"content":{"rendered":"<div>\n<p>Solana-based meme coin BONK weathered a volatile 24 hours, as significant institutional activity defined both the highs and lows of the trading range. <\/p>\n<p>The token <a href=\"https:\/\/www.coindesk.com\/price\/bonk\">reached $0.000026 and quickly encountered resistance<\/a> at that level, with 4.02 trillion tokens changing hands during a midday rejection that set a clear technical ceiling for the short term, according to CoinDesk Research&#8217;s technical analysis data model.<\/p>\n<p>From there, BONK slipped 6% to find a floor near $0.000023, where 1.07 trillion tokens traded as buyers absorbed the sell pressure. This zone has now emerged as a key support level, tested multiple times without breaking.<\/p>\n<p>BONK subsequently staged a modest recovery, gaining roughly 1% from $0.000024 to $0.00002425. The rebound was fueled by sharp volume spikes at 10:48 UTC and 10:49 UTC, 21.99 billion and 31.43 billion tokens, respectively, suggesting accumulation from larger players just above prior resistance.<\/p>\n<p>Traders now face a defined battle line: resistance remains fixed at $0.000026, with support anchored at $0.000023. A sustained push above $0.000025 could signal the beginning of a more pronounced upward move, while a break of the lower bound risks retesting early-August lows, according to the model.<\/p>\n<p>BONK\u2019s continued high liquidity, even amid recent volatility, underscores its position as one of the more active tokens in the meme coin sector. <a href=\"https:\/\/www.globenewswire.com\/news-release\/2025\/08\/11\/3130918\/0\/en\/Safety-Shot-Announces-Strategic-Alliance-with-Bonk-Founding-Contributors-Initiating-BONK-Treasury-Strategy.html\">Institutional participation<\/a> has kept price action tightly bound, but it has also increased the potential for sudden breakouts should order books thin at key levels.<\/p>\n<h3>Technical Analysis<\/h3>\n<ul>\n<li>Trading range: $0.000023\u2013$0.000026 over the 23-hour period.<\/li>\n<li>Resistance locked at $0.000026 after 4.02T token sell wall.<\/li>\n<li>Support confirmed at $0.000023 with 1.07T tokens traded.<\/li>\n<li>Price closed at $0.00002448, down 0.92% over the period.<\/li>\n<li>Late-session bounce from $0.000024 to $0.00002425 (+1%).<\/li>\n<li>Volume spikes at 10:48 UTC (21.99B) and 10:49 UTC (31.43B) suggest accumulation.<\/li>\n<li>Consolidation zone emerging between $0.000024 and $0.000025.<\/li>\n<\/ul>\n<p><strong><em>Disclaimer:<\/em><\/strong>\u00a0<em>Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/ethics\">our standards<\/a>. For more information, see<\/em>\u00a0<em><a href=\"https:\/\/www.coindesk.com\/coindesk-news\/2023\/04\/14\/how-coindesk-will-use-generative-ai-tools\">CoinDesk&#8217;s full AI Policy<\/a>.<\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana-based meme coin BONK weathered a volatile 24 hours, as significant institutional activity defined both the highs and lows of the trading range. The token reached $0.000026 and quickly encountered resistance at that level, with 4.02 trillion tokens changing hands during a midday rejection that set a clear technical ceiling for the short term, according [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-42391","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42391"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/42391\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}