.png)
2 hours ago
2
BONK declines 4.06% to $0.00001174 as failed resistance test triggers downside momentum amid rising volume.
Nov 6, 2025, 4:19 p.m.
BONK-USD extended its decline on Thursday, slipping 4.06% to $0.00001174 in the last 24 hours as the Solana-based meme token failed to maintain its foothold above the $0.00001200 level.
The move continued a week of uneven trading across smaller-cap digital assets, with BONK’s volatility underscoring growing uncertainty in the meme token segment.
The token traded within a $0.00000564 intraday range, reflecting 4.7% price fluctuation as traders reacted to failed breakout attempts near upper resistance, according to CoinDesk Research's technical analysis data model.
Volume surged to 779.9 billion tokens, roughly 47% above the daily average, during a push toward $0.00001248, where resistance at the $0.00001250–$0.00001255 zone capped further advances. That rejection marked a key turning point, triggering a decline that accelerated into the afternoon.
At approximately 14:00 GMT, BONK fell sharply from $0.00001210 to $0.00001197, breaching short-term support and confirming a minor breakdown pattern. Activity remained elevated during the decline, with a 28.5 billion token volume spike signaling intensified turnover. Trading later calmed as price action consolidated near $0.00001200, while volume tapered off to 65.2 billion tokens, indicating short-term exhaustion.
Though BONK now trades roughly 42% below monthly highs, the token’s intraday recovery from its lows suggests emerging short-term stabilization. Technical indicators point to a tentative floor around $0.00001197, but momentum remains subdued unless volume reclaims its 24-hour average.
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.
More For You
Inside Zcash: Encrypted Money at Planetary Scale
A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
What to know:
In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:
- Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
More For You
The Fed's Turning Hawkish as This U.S. Employment Indicator Flashes Red
Challenger job cuts for October rose to their highest in more than 20 years.
What to know:
- Challenger job cuts for October rose to their highest level for that month since 2003.
- Year-to-date layoffs are now above 1 million, the highest yearly pace since the 2020 Covid panic.
- Crypto markets continue to reel from the Fed's hawkish surprise last week.
