BONK Faces Price Slide After Resistance Rejection

The Rejection at $0.00001010: BONK’s Recent Struggle

Bonk (BONK), the Solana-based meme coin that captured hearts in 2023 with its community-driven burns and viral hype, is grappling with renewed selling pressure after a failed breakout attempt. On December 11, 2025, BONK fell 4.5% to around $0.00000910, marking an extension of its slide following a sharp rejection at the key resistance level of $0.00001010. This level, tested multiple times in recent sessions, acted as a stubborn ceiling, capping early strength and sending the token back into a tight consolidation band. The move erased gains from a brief push above $0.00001000, with trading volume spiking 58% above average to 2.03 trillion tokens during the pullback, confirming the rejection’s significance.

This isn’t BONK’s first dance with resistance; the token has been battling $0.00001010 since early December, forming a pattern of lower highs that signals fading momentum amid broader meme coin fatigue. Despite a 137% volume surge during the failed test, sellers dominated, pushing BONK toward support at $0.00000910 where volatility has since contracted. In a $3.57 trillion crypto market stabilizing with Bitcoin above $103,000 (up 0.1% daily), BONK’s underperformance—down 2.1% weekly vs. the sector’s flat—highlights the sector’s selectivity: While privacy coins like ZEC (+10%) and interoperability plays like ATOM (+18%) surge, memes like BONK face headwinds from overleveraged positions and waning retail FOMO.

The rejection’s impact is clear on the charts: BONK’s RSI dipped to 38 (oversold territory), with MACD showing a bearish crossover and the price hugging the lower Bollinger Band. Yet, this could be the setup for a bounce if support holds, as historical patterns suggest 20-30% rebounds from similar rejections in meme coins during consolidation phases.

Technical Breakdown: Resistance Ceiling and Support Floor

BONK’s daily chart reveals a classic rejection pattern: A spike to $0.00001010 with elevated volume (879 billion tokens at peak), followed by a steady decline to $0.00000910, where price action has stabilized in a narrowing range. The $0.00001010 level now serves as dynamic resistance, reinforced by prior highs and the 50-day EMA, while $0.00000910 aligns with the 200-day EMA and a high-volume node—offering a potential floor for dip-buyers.

Catalysts and Headwinds: What’s Next for BONK?

BONK’s slide reflects meme coin dynamics: High volatility (7.12% 30-day average) and sensitivity to Solana’s ecosystem flows, where Pump.fun volumes hit $300 million daily but competition from newer memes erodes mindshare. Positive sparks include the dYdX integration vote (approaching December 13), which could allocate 50% of protocol fees to BONK for a dedicated frontend—potentially boosting utility and TVL. However, the rejection signals short-term bearish bias, with funding rates negative (-0.065%) indicating short dominance and $15.32 million in shorts vs. $2.66 million longs.

Broader context: Solana’s 32% DeFi share provides tailwinds, but BONK’s 42% drop from monthly highs underscores fatigue. On-chain burns (6.9 trillion tokens, 1.6% supply) offer mild deflation, but without a catalyst like ETF filings or major listings, the range-bound action persists.

Short-Term Outlook: $0.00000910 Hold (55% Odds) or $0.00000850 Test?

• Bull Case (55%): Support at $0.00000910 holds, eyeing $0.00001010 reclaim (11% up) on dYdX vote positivity—volume above 2.5T confirms.
• Bear Case (45%): Rejection failure drops to $0.00000850 (7% down), testing October lows amid Solana weakness.

Year-End 2025: $0.000010-$0.000012 avg (+10-32% from $0.00000910), per Bitget/CoinCodex—meme revival if BTC surges.

In a $3.57T market, BONK’s resistance rejection is a gut check—support steady, surge simmering. HODL the floor; the frog may leap. DYOR.