the Solana-based meme coin BONK is showing signs of stabilizing after a period of volatility, with its price holding firm above a key support level amid a significant surge in trading activity.
BONK Holds Ground with Notable Volume Surge
BONK has edged higher, posting a gain of 2.84% over the last 24 hours to reach approximately $0.00001215. This price movement is part of a defined consolidation pattern, with the token stabilizing above the crucial $0.00001099 support floor.
The most striking signal in this move is the substantial spike in trading volume, which jumped to around 2 trillion tokens—roughly 134% above its daily average. This robust activity indicates strong trader interest and helps confirm the current level of buyer support, suggesting the market is actively absorbing selling pressure and establishing a base for its next potential move.
Technical Context and Market Outlook
From a technical perspective, BONK’s price action is unfolding within a well-defined range. After rebounding from its support, the token traded mostly between $0.00001170 and $0.00001210 before testing intraday highs near $0.00001217.
For the bullish momentum to continue, BONK must convincingly break through the immediate resistance band between $0.00001217 and $0.00001225. A clean move above this zone could validate a continuation pattern and open the path toward higher targets. Conversely, a break below the $0.00001099 support level could signal a return to lower consolidation zones and would be a key development for traders to watch.
