Share this article
BONK Falls 3.9%, Sliding Below Support
BONK dropped 3.9% to $0.00001223 as volume nearly doubled amid a breakdown through key support levels.
Nov 13, 2025, 4:07 p.m.
What to know:
- BONK declined 3.9% to $0.00001223 amid renewed selling pressure.
- Trading volume surged 96% above the 24-hour average during the breakdown.
- Support at $0.00001211 failed, establishing new resistance near $0.00001226.
BONK fell 3.9% to $0.00001223 on Wednesday as the memecoin slipped below key support levels amid a sharp increase in trading activity.
The token traded between $0.00001279 and $0.00001198, a wide 42% intraday range that reflected persistent technical weakness rather than any clear fundamental catalyst, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Trading volumes peaked at 1.07 trillion tokens, nearly double the 24-hour average. That spike aligned with a clean breakdown through $0.00001211, a support level that had held throughout the previous week. The breach established $0.00001200 as the next psychological floor while converting the $0.00001226–$0.00001257 zone into immediate overhead resistance.
Intraday data shows BONK drifting lower from $0.00001237 to $0.00001220, with clustered volume bursts at 13:42 (55.1B) and 14:00 (76.8B) confirming continued distribution. Attempts to recover toward prior support stalled quickly, and diminishing trade sizes in the final hour suggested limited appetite for reversals.
With the token still trading close to its newly formed lower boundary, the next directional move hinges on whether BONK can reclaim the $0.00001226–$0.00001230 band with decisive volume. Failure to do so increases the likelihood of a retest of $0.00001200, a level that now anchors the short-term outlook.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Japan’s Higher Rates Puts Bitcoin in the Crosshairs of a Yen Carry Unwind
A stronger yen typically coincides with de-risking across macro portfolios, and that dynamic could tighten liquidity conditions that recently helped bitcoin rebound from November’s lows.
What to know:
- The Bank of Japan is expected to raise interest rates to 0.75% at its December meeting, the highest since 1995, affecting global markets including cryptocurrencies.
- A stronger yen could lead to de-risking in macro portfolios, impacting liquidity conditions that have supported bitcoin's recent recovery.
- Governor Kazuo Ueda indicated a high probability of a rate hike, with officials prepared for further tightening if their economic outlook supports it.
Top Stories
