BONK Defends $0.000014 Support as Volume Surges 71%

BONK has fallen 3.8% in the last 24 hours to $0.00001402 as the Solana-based meme coin failed to sustain its recent rebound.

After testing the upper range near $0.00001518, the token fell steadily lower through the Asian and early European trading hours.

The decline came amid a surge in trading activity, with 1.13 trillion tokens changing hands — 71% above the seven-day average, according to CoinDesk Research’s technical analysis data model.

The heightened turnover reflected defensive positioning as traders trimmed exposure following BONK’s repeated failure to hold above the $0.0000146–$0.0000150 resistance band.

Price action turned decisively bearish late Wednesday when BONK slipped under $0.0000142, confirming renewed short-term weakness.

From a technical standpoint, BONK’s pattern now reflects a descending short-term channel, with lower highs since Oct. 29’s peak and steady support around the $0.0000138–$0.0000140 zone. Momentum indicators remain neutral-to-bearish, hinting at consolidation rather than immediate recovery. A close above $0.0000143 would be needed to signal renewed upside, while sustained pressure below $0.0000139 could expose the next downside target near $0.0000137.

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