BONK posted one of its most significant intraday rallies in recent weeks, climbing 10% from $0.000025 to $0.000027 during the 24-hour period from Aug. 12 at 13:00 UTC to Aug. 13 at 12:00 UTC..

The Solana-based meme token traded in a $0.000031 range, representing 13% volatility, as traders capitalized on short-term momentum, according to CoinDesk Research's technical analysis data model.

The rally began after BONK established solid support at $0.000024, with buying interest intensifying. Momentum carried through to the early hours of Aug. 13, where the token reached its daily high of $0.000027 between 03:00 and 04:00 UTC.

Trading volumes consistently outpaced the 24-hour average of 956.8 billion tokens, signaling strong participation from both retail traders and larger market players.

However, the gains proved difficult to sustain.

BONK reversed by 1% during the U.S. morning, slipping from $0.000027 to $0.00002646. The heaviest selling pressure came at 12:52 UTC, when a sharp decline accompanied a 38-billion-token volume spike, suggesting profit-taking by larger holders.

As background, BONK’s trading activity comes days after Nasdaq-listed Safety Shot disclosed a $25 million allocation to the token’s ecosystem via Bonk.fun’s launchpad platform. While that announcement preceded this rally, it underscores institutional interest in the project.

With support still intact at $0.000024 and resistance firmly established at $0.000027, traders will be watching closely to see if BONK can break higher in the coming sessions or consolidate before its next major move.

Technical Analysis

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