Bonk, one of the prominent names of the “breast coin” market developed on the Solana block chain, was the scene of intense fluctuations in the last 24 hours. It was observed that the impact of corporate investors in price movements was observed. According to the technical analysis model of the Coindesk research team, 4.02 trillion bonc token changed hands during the day, which was effective in the formation of short -term technical resistance levels.
Corporate impact and price movements
Bonk Token reached a $ 0.000026 level and made a short -term peak and encountered a significant resistance at this level. Most of the volume was realized thanks to the corporate participants selling on this band. The price then lost about 6 %and fell to $ 0.000023. At this point, 1.07 trillion token changed hands and the market was observed to find buyers against seller pressure.
The support zone was tested several times, but the price did not hang below this point. During the hours following this, the bonc price rose from $ 0.000024 to $ 0.00002425 with approximately 1 %recovery. Particularly at 10:48 and 10:49 UTC hours, respectively, 21.99 billion and 31.43 billion token purchases, big players who have accumulated close to previous resistance levels suggested.
Technical levels and expectations
According to market analysis, $ 0.000026 resistance level and $ 0.000023 support level stand out as the main monitoring points for investors. According to the analysis model, the stable rise of the price over $ 0.000025 may be the beginning of a stronger movement upward. However, if $ 0.000023 supports, it seems likely to re -test the low levels in the early August.
In the technical analysis prepared by the Coindesk Research Team, “Bonk token was observed between $ 0.000023 and $ 0.000026 in the process of 23 hours. Price, the period completed the period at the level of 0.00002448 %. his statements were included.
Market Dynamics and Corporate Activities
The high liquidity of the token was protected despite the recent volatility. It is foreseen that the impact of corporate participants on the transaction volume narrows the price movement band, but if the amount of orders decreases at the key levels, sudden price jumps may be experienced.
In a statement made by the founding representatives of the Bonk, it was emphasized that institutional strategies continue to form the basis of this type of activity. “With the support of market depth and community support, it has been observed that the high volume of transactions continues around the specified technical levels,” the statement said.
Finally, it was underlined by market observers that Bonk was one of the highest -level digital assets with solea -based projects. The opinion that price movements will be directly dependent on technical levels in the near term and that sudden changes are possible.
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.
