Today, Bonk (BONK) shows a relatively low volatility and the price is now at $0.00003446, marking a decline of 1.70% over the last 24 hours. Nevertheless, there has been a slight decline in the trading volume by 1 percent while the trading volume has increased by 19.68%, which is approximately $528. 82 million. This rise in trading volume may be attributed to the interest of the traders, which may be a precursor to future price action.

Looking at the trading activity of the day, BONK touched a high of $0.00004372 and it reached its lowest level of $0. 00003667, which shows that the token was highly volatile during the session. 

This volatility is evident from the oscillations within the tight range of prices as depicted on the day’s chart. The price is currently at the lower end of the day’s range, which may suggest that there is some resistance near the day’s high or, if the support holds, an accumulation phase.

BONK Falls Lower but Stabilizes Quickly

Over the past 4 hours, BONK has demonstrated moderate trading volume fluctuations, which are close to the $0.00003443 mark as seen on the 4-hour chart. During this period, the coin reached a minor high at $0.0003449 and a low at $0.00003409, which indicates a narrow trading range.

The current price is slightly above the median of this range, which suggests that the price has stabilized after recent volatility. The ADX is at 18. 61, which suggests weak trend strength, and this is in line with the sideways trading range. 

The resistance level to watch is around $0. 00003449, the recent high, while the support is expected to be provided by the recent low of $0. 00003409. The slight rise in the Awesome Oscillator indicates that there is a slight bullish pressure, but the price range is very narrow and the trends are rather weak.