BONK has rallied 6%, recovering from earlier declines to achieve $0.000036. The Solana-native meme coin traded in a large 12% vary, moving between $0.00003276 and $0.00003670, with pronounced volatility providing alternative for accumulation by strategic consumers.
Worth momentum was strongest between 12:00 and 13:00 UTC on July 28, when BONK surged to its day by day excessive of $0.00003670 on distinctive quantity of three.8 trillion tokens, in response to CoinDesk’s technical evaluation information mannequin.
Excessive-intensity shopping for additionally emerged in the course of the 13:32–13:35 UTC interval, the place buying and selling volumes topped 115 billion tokens per minute, a transfer which appeared to sign institutional confidence.
The rally coincided with encouraging network-level information for Solana. Non-fungible token (NFT) buying and selling exercise on Solana hit a Q3 excessive on July 28, with total daily sales and unique buyers rising to their strongest levels since mid-June, in response to SolanaFloor. This renewed momentum throughout Solana’s broader ecosystem doubtless contributed to BONK’s bullish reversal, reinforcing market conviction within the meme token’s ecosystem positioning.
Technical Evaluation
- BONK traded between $0.00003276 and $0.00003670, a 12% intraday vary.
- Quantity exceeded 3.8 trillion tokens throughout noon rally from 12:00–13:00 UTC.
- Worth rebounded 1% from $0.00003590 to $0.00003629 within the remaining hour.
- Key help held at $0.000033, with institutional bids throughout worth dips.
- 13:32–13:35 UTC marked the very best minute-by-minute volumes at 115B tokens.
- Solana NFT exercise hit Q3 highs on July 28, in response to SolanaFloor.
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