BONK, the Solana-based meme coin, managed to stabilize around the $0.000023 support level after experiencing significant selling pressure that resulted in a 6% drop. In a recent trading session, BONK fluctuated between $0.000023 and $0.000026, closing at $0.00002448. Notably, 4.02 trillion tokens traded at the resistance level, highlighting strong selling interest, while 1.07 trillion tokens traded at the support level, showcasing demand. Following the dip, BONK saw a slight recovery due to increased buying volume, particularly at key timestamps, indicating accumulation by larger market participants. Currently, traders are focused on the established trading range, with a push beyond $0.000025 suggesting potential upside, while falling below $0.000023 could lead to further declines. Despite market volatility, BONK's high liquidity affirms its active trading status within the meme coin category.

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