The Solana-based meme token broke below key support amid a near-doubling of trading volume, establishing fresh resistance and raising the risk of a further decline.
BONK fell 3.9% to $0.00001223 after breaking below $0.00001211 support, converting the $0.00001226–$0.00001257 zone into resistance. Trading volume surged 96% above the 24-hour average to 1.07 trillion tokens, with intraday ranges between $0.00001279 and $0.00001198 highlighting persistent technical weakness. Clustered sell-offs at 13:42 and 14:00 confirmed ongoing distribution. Failure to reclaim the $0.00001226–$0.00001230 band increases the likelihood of a retest of $0.00001200. Separately, Stellar dropped from $0.289 to $0.281 within an hour, breaking support and setting a $0.281–$0.294 trading range.