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BONK Defies Market Pressure: Solana Meme Token Holds Strong Amid Sell-Off Frenzy

BONK Defies Market Pressure: Solana Meme Token Holds Strong Amid Sell-Off Frenzy

Author:
CoindeskEN
Published:
2025-08-15 13:10:08
11
1

BONK Holds Key Support After Heavy Selling Hits Solana Meme Token

Solana's favorite meme coin refuses to buckle. Despite a wave of panic selling, BONK claws back above critical support—proving once again that crypto's wildest assets often laugh last.

When the herd stampedes, diamond paws prevail. BONK's resilience against heavy liquidation pressure exposes the irony of 'rational markets'—where a dog-themed token outlasts hedge fund darlings.

Technical Analysis

  • Trading range: $0.000023–$0.000026 over the 23-hour period.
  • Resistance locked at $0.000026 after 4.02T token sell wall.
  • Support confirmed at $0.000023 with 1.07T tokens traded.
  • Price closed at $0.00002448, down 0.92% over the period.
  • Late-session bounce from $0.000024 to $0.00002425 (+1%).
  • Volume spikes at 10:48 UTC (21.99B) and 10:49 UTC (31.43B) suggest accumulation.
  • Consolidation zone emerging between $0.000024 and $0.000025.

 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.

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