BONK-USD reversed some of its losses from earlier in the week, rising 4.6% to $0.00001394 in a bullish movement that extended the meme token’s recovery streak. The Solana-based asset built steady upward momentum, marking a breakout above $0.00001380 and printing a new local high near $0.000013968.
The 24-hour trading range tightened between $0.00001281 and $0.00001410, reflecting controlled volatility as the price trended higher through consecutive higher lows, according to CoinDesk Research’s technical analysis data model.
Volume jumped 67% above the 24-hour average, reaching 1.15 trillion tokens, confirming strong participation behind the move.
Market sentiment shows signs of shifting toward cautious optimism, with traders eyeing $0.00001400–$0.00001410 as the next resistance band to overcome. The price action remains supported by a defined ascending structure, reinforced by firm buying interest at $0.00001375–$0.00001380, where the breakout began.
If BONK maintains momentum above its recent breakout zone, it could target higher levels in the short term. However, a sustained close below $0.00001380 would risk reintroducing range-bound behavior. With both volatility and volume expanding, BONK’s setup favors continued upside as speculative interest returns to the meme coin segment heading into November.
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.