The Solana-based meme token, BONK, has staged a significant move in the last 24 hours, registering a 6.08% rise to trade near 0.000009655 dollars. This BONK price breakout was driven by a massive increase in trading activity, overcoming critical technical barriers before late consolidation. Market analysts highlight that the strength of the move suggests a renewal of buyer interest in the asset following days of sustained rebound.
Hard data reveals that the inflection point occurred when trading volume skyrocketed to 3.03 trillion tokens, an impressive figure that exceeds the last seven days’ average by 85%. This liquidity surge coincided with the momentary overcoming of the 0.00001000 dollar level, marking an important technical milestone within an intraday volatility range of 17.4%. Subsequently, the price found stability, forming a temporary support band around the 0.000009750 dollar zone after several tests.
The context of this move is vital for understanding the current structure of the memecoin market on the Solana network. After reaching a peak of 0.000009824 dollars, the asset experienced high-volume rotation, with a selling burst of 16.6 trillion tokens defining the immediate correction. The formation of a new technical floor in the 0.000009653 dollar region is crucial, as it demonstrates buyers’ ability to absorb selling pressure and keep the ascending structure intact.
Will volume be able to hold the price above critical support?
The implications for traders are clear: the current consolidation zone will serve as a launchpad or failure point. If the token manages to stabilize within the current range of 0.000009653 to 0.000009683 dollars, the stage would be set for another breakout attempt toward higher resistances. The 0.00001000 dollar threshold remains the main test to confirm a sustained rise, while losing the current support could open the door to a test of the 0.000009101 level.
Finally, the BONK price breakout has redefined short-term interest levels, drawing attention back to the meme token economy. The combination of exceptionally high volume and the defense of new supports suggests that bulls still have partial control. Upcoming sessions are expected to determine if demand is sufficient to transform this broken resistance into a lasting support for future gains.
