BONK Slides Over 8% as Trading Volume Surges 71% Above Average

BONK plunged over 11% to start the week, breaking key support with heightened selling activity, as technical signals point to continued short-term bearish pressure.

SOL
BONK

Summary

BONK fell 11.2% to $0.00001232 on November 3, 2025, decisively breaking below critical support at $0.0000137. Trading volume spiked 46% above average to 964.3 billion tokens, indicating heavy seller participation. The Solana-based meme coin experienced intraday volatility of 8.5%, with a brief late-session recovery failing to overcome resistance at $0.0000137–$0.0000144. Technical patterns show lower highs and range-bound consolidation, with traders watching $0.0000129 as the key support floor. Wider crypto markets also declined, with the CoinDesk 20 index down 6%.

Terms & Concepts
  • Resistance Band: A price range in technical analysis where upward price movement is repeatedly halted due to selling pressure.
  • Descending Channel: A chart pattern formed by lower highs and lower lows, indicating a bearish trend.
  • Solana-Based Token: A cryptocurrency or digital asset built on the Solana blockchain, known for high transaction throughput and scalability.