BONK, the Solana-based meme token, endured heightened volatility in the last 24 hours, falling 2.9% to $0.00002192. The action was defined by a ceiling at $0.00002308 that sellers repeatedly defended, while downside pressure built steadily, according to CoinDesk Research's technical analysis data model.

Consolidation around $0.00002262 gave way to an advance toward $0.00002306 in the early U.S. afternoon on Monday, establishing the day’s key resistance point.

The sharpest bearish momentum unfolded during the early hours of Tuesday, when BONK slipped from $0.00002285 to $0.00002217 between 01:00 and 05:00 UTC. Volumes surged past 600 billion tokens at the 03:00 UTC interval, suggesting institutional-scale selling and possible retail capitulation.

BONK fell another 2% to $0.00002117 durin

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