BONK Pulls Back 8% After Hitting August Peak—Time to Buy the Dip?
Memecoin mania hits a speed bump as BONK retreats from its monthly high.
After rallying to its highest level since August, the Solana-based token shed 8%—because what goes up must come down (especially in crypto).
The Pump Before the Dump
BONK’s recent surge had degens buzzing, but the pullback serves as a classic reminder: even the hottest memecoins aren’t immune to gravity. Or profit-taking. Or common sense.
Volatility Is the Only Guarantee
No surprises here—crypto’s favorite dog-themed casino token is doing what it does best: whipsawing traders between euphoria and regret. Meanwhile, traditional finance bros clutch their pearls and whisper ‘I told you so.’
Will BONK bounce or crater? Place your bets—the house always wins.
Technical Analysis
- Price Range: $0.00002554 to $0.00002841 over 24 hours (12% volatility).
- Resistance: $0.00002854 level confirmed as sell zone.
- Support: Critical $0.00002620 level held during sell-off.
- Volume Spikes: 1.12–2.16 trillion tokens traded during liquidation.
- Recovery Channel: Higher lows at $0.00002565, $0.00002572, $0.00002570.
- Breakout Trigger: $0.00002632 level cleared on 49.5B token surge.
- Trend Signal: 8% drop followed by 2% rebound suggests potential base building.
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.
