BONK drops 6.2% as elevated volume marks shift at key technical levels
TL;DR
BONK dropped 6.2% after failing to hold gains near $0.0000091, with elevated volume indicating active repositioning. The price stabilized near short-term support following an intraday rebound, but remains below key resistance levels.
Key Takeaways
- •BONK fell 6.2% to around $0.000008331 after failing to hold gains near $0.0000091
- •Trading volume expanded sharply during the sell-off, indicating active repositioning by traders
- •Price stabilized near short-term support after rebounding from a low of $0.000007941
- •Overhead resistance is clustered near $0.0000084–$0.0000085, with deeper support at the session low
- •Until BONK can reclaim $0.0000091, conditions suggest stabilization rather than trend reversal
What to know:
- BONK retreated after failing to hold gains near $0.0000091.
- Trading volume expanded sharply during the sell-off, indicating active repositioning.
- The price stabilized near short-term support following a sharp intraday rebound.
In this article
- BONK retreated after failing to hold gains near $0.0000091.
- Trading volume expanded sharply during the sell-off, indicating active repositioning.
- The price stabilized near short-term support following a sharp intraday rebound.
BONK fell 6.2% over the past 24 hours, sliding to around $0.000008331.
The move unfolded within a $0.000001202 range, representing roughly 13% intraday swings as speculative positioning unwound, according to CoinDesk Research's technical analysis data model.
Price had firmer footing during the Asian morning, with BONK briefly dipping to $0.000007941 before rebounding sharply. The bounce carried the token above $0.000008300, suggesting demand emerged at lower levels despite the broader downtrend.
Short-term price action shows BONK consolidating after the rebound, with overhead resistance clustered near $0.0000084–$0.0000085 and deeper support defined near the session low. Until the token can reclaim the $0.0000091 area, trading conditions remain consistent with stabilization following a sharp sell-off rather than a confirmed trend reversal.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
- Bitcoin is teetering on the brink of falling below $85,000 level, accelerating declines in the crypto market.
- Altcoins such as SOL, Cardano, ADA, SUI and dogecoin led Thursday's drop.
- $550M in liquidations hit derivatives markets, but analysts said the pullback looks like orderly deleveraging rather than full-blown panic.
Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of Bullish (NYSE:BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services. Bullish owns and invests in digital asset businesses and digital assets and CoinDesk employees, including journalists, may receive Bullish equity-based compensation.