BONK Holds Key Support Amid Heavy Selling in Solana Meme Token

BONK, Solana’s leading meme coin, stabilized around a critical support level at $0.000023 even after a sharp 6% decline. Large institutional volume played a central role, validating the battleground between support and resistance. This article provides a complete view—from trading dynamics to potential breakout scenarios—requiring no additional sources for context.

Institutional Volume Pushes Resistance at $0.000026

Trading between $0.000023 and $0.000026, BONK faced pressure as midday activity included a massive 4.02 trillion tokens changing hands at the upper bound, decisively confirming resistance at $0.000026  This sell wall effectively capped the rally and tested market resolve.

Support at $0.000023 Holds Firm

Despite the heavy selling pressure, BONK found a floor at $0.000023, where 1.07 trillion tokens were traded—demonstrating strong absorption and buying interest at this level  The support held through the session, preventing further downside.

Late-Session Bounce Signals Growing Accumulation

Following the dip, BONK staged a modest rebound—rising from $0.000024 to $0.00002425, driven by sharp volume upticks of 21.99 billion and 31.43 billion tokens occurring within two consecutive minutes These volume bursts indicate strategic accumulation at key levels.

Defined Battle Ranges: Resistance and Support Key Zones

Traders now face a clearly outlined range: resistance remains at $0.000026, while support holds at $0.000023. A sustained move above $0.000025 could pave the way for upside continuation. Conversely, a breakdown below $0.000023 may lead to a revisit of early August lows 

High Liquidity Prevents Erratic Swings

BONK’s extensive daily volume paints a picture of a highly liquid asset. This liquidity can both suppress volatile swings and support breakout moves if the order books thin at key thresholds—especially under sustained institutional participation