BONK Tests Support as Volume Surges 122% Amid Solana Market Pullback

October 29, 2025

BONK (BONK-USD) extended its decline on Tuesday, sliding 3.4% to $0.0000143 as renewed selling across the Solana ecosystem weighed on sentiment.

The meme token’s drop confirmed a break below the $0.0000146 support, a level that had held firm over the past week, signaling a short-term bearish structure, according to CoinDesk Research’s technical analysis model.

Trading activity intensified sharply, with volume jumping 122% over its 24-hour average to 1.26 trillion tokens around 20:00 GMT, indicating institutional and algorithmic participation during the selloff.

After touching intraday highs near $0.0000152, BONK failed to hold momentum, forming lower highs between 19:00 and 21:00 GMT before cascading to session lows near $0.0000143.

Late-session buying interest offered a mild recovery, as volume spikes between 01:32 and 01:50 GMT lifted the token to $0.0000143291, establishing a higher low near $0.0000142930—a sign of potential base formation at support.

Currently, BONK is consolidating within the $0.0000143–$0.0000144 range, with resistance levels seen at $0.0000144018 and $0.0000146. Analysts expect range-bound trading to persist in the near term, with tactical opportunities for accumulation near support if volume remains elevated.