BONK Regains Some Ground With 4.6% Gain

BONK-USD reversed some of its losses from the first week, up 4.6% to $0.00001394 in a bullish move 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 stretched between $0.00001281 and $0.00001410, reflecting controlled volatility as the price trended higher through consecutive lowers, according to CoinDesk Research’s technical analysis data model.

The volume jumped 67% above the 24-hour average, reaching 1.15 trillion tokens, confirming a strong participation behind the movement.

Market sentiment is showing signs of shifting towards cautious optimism, with traders looking at $0.00001400-$0.00001410 as the next band of resistance to overcome. The price action remains supported by a definite upward structure, reinforced by firm buying interest at $0.00001375-$0.00001380, where the breakout began.

If BONK maintains momentum above its recent breakthrough zone, it could target higher levels in the short term. However, a sustained stop below $0.00001380 risks re-introducing range-bound behavior. With the expansion of volatility and volume, the BONK setup favors continue to rise as speculative interest returns to the meme currency segment in November.

Disclaimer: Parts of this article were generated with the assistance of 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.