The Solana -based breast crypto presence Bonk lost about 5 %in the last 24 hours. The price of the Bonk fell from $ 0.000028 to $ 0.0000266. Especially intensive sales at $ 0.000029, the volume reached 764.44 billion token. The findings that large -scale asset owners sell aggressively were identified with Coindesk’s technical analysis model.
Market Movements and Support Points
During the price decreases, efforts to hold at $ 0.000026 were seen. Purchases in this region, at midnight and morning hours of 1.17 trillion token reached the volume of trading. However, this intense demand was not enough to reverse the general decline trend. In the afternoon, the price of the Bonk with a wave of transaction in Europe decreased by 3 %to $ 0.000026 to $ 0.0000254.
13:54 UTC’de 59.77 billion token transaction volume with the effect of the price of the price of the fracture of these levels drew attention. The current decrease is considered to be a new downward channel formation. Experts, in this case, the price of $ 0.000025, which has psychological importance of the price pointed to the potential.
Effect of Global Developments
Sensitivity in the crypto market was generally weak. Recently, the US introducing new tariffs for import products has been reported to have directed investors to positions that avoid more risk. Such decisions can reduce interest in risky assets and lead to an increase in exit from crypto markets.
According to Coindesque data on the subject:
“The rapid increase in transaction volumes during hard sales waves shows that large investors are becoming more cautious.”
Experts say that the recent movements in the Bonk may be related to global uncertainty and the cautious approach of investors. Coindesk analysis states that the volatility in Bonk depends on a significant macroeconomic developments.
Technical Analysis Summary
According to technical data, a decrease of 7 %in the last day of the bonc price was recorded. At the level of $ 0.000029, strong resistance was detected and loaded sales transactions were realized at this level. The increase in purchases towards $ 0.000026 was not enough to keep the price and the downward cruise gained power. Analysts suggested that the price movement weakened by breaking down the existing channel.
This new structure in the market increased the tendency of investors to behave cautiously. In the future, the course of Bonk may continue to be closely linked to both internal developments and global economic fluctuations.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
