What to know:
- BONK shot up 10% in 24 hours, soaring to $0.000027 before some profit-taking gave it the ol’ sucker punch.
- Support put up a good fight at $0.000024 during the early trading hours, igniting an overnight breakout, because why not?
- Volume spikes suggest institutional interest, because nothing says “serious” like large numbers and bigger wallets.
So, here’s the deal: BONK decided it was time for a little intraday excitement, climbing 10% from $0.000025 to $0.000027 in the brief but glorious 24-hour period from Aug. 12 at 13:00 UTC to Aug. 13 at 12:00 UTC. No one expected it. Well, except maybe the traders who were secretly watching this thing like a hawk.
The token, that cheeky little meme, danced around in a $0.000031 range, showing off some impressive 13% volatility, because nothing says “party time” like those numbers. The traders were having a blast, buying and selling like it was Black Friday. CoinDesk Research’s technical model gave it the green light, so there were definitely fireworks.
The rally had a solid foundation-support at $0.000024 was holding strong, and that led to the buying frenzy we saw overnight. By the early hours of Aug. 13, it was hitting its daily high of $0.000027, probably giving those who got in early a reason to smile at their screens (or maybe laugh maniacally, because why not?).
Then came the big twist! Volume was off the charts, regularly smashing the 24-hour average of 956.8 billion tokens. It’s almost like people wanted to get in on this token before it did… well, whatever it’s going to do next.
But alas, as every crypto trader knows, not all things last forever. BONK couldn’t hold its ground and reversed by 1% during the U.S. morning hours, slipping from $0.000027 to $0.00002646. Just when you thought you were winning, right?
The most dramatic moment came at 12:52 UTC, where BONK plummeted after a 38-billion-token volume spike. Profit-taking, by the looks of it. This suggests that some larger holders decided to cash out. They must’ve been like, “Well, I made a tidy little sum-time to get out before the next disaster!”
In the background, something else was happening: NASDAQ-listed Safety Shot dropped the bombshell that it allocated $25 million to BONK’s ecosystem via Bonk.fun’s launchpad platform. That’s the kind of institutional news that makes everyone sit up and go, “Oh, really? Tell me more!”
So, what happens next? Well, BONK’s support is still holding at $0.000024, and resistance is at $0.000027. So traders will be glued to their screens, hoping for a breakout-or maybe just a good laugh as the drama unfolds.
Technical Analysis
- Support zone: $0.000024 held strong during early trading. No collapsing here.
- Resistance peak: $0.000027 tested between 03:00-04:00 UTC on August 13. A bit of a celebrity moment.
- Total range: $0.000031, with a 13% volatility. Shake it like a Polaroid picture!
- Average daily volume: 956.8B tokens. The crowd is definitely showing up.
- Largest selling spike: 38B tokens at 12:52 UTC during the 1% pullback. Big-money sellers showing their hand.
- Late-session decline: $0.000027 to $0.00002646 in the final hour. It’s a race to the bottom, folks!
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2025-08-13 19:06