BONK Price Drops as Resistance Rejection and High Trading Volume Halt Rally

The meme cryptocurrency BONK is experiencing a significant price correction after failing to break through key resistance levels. Despite recent bullish momentum, the token faced strong selling pressure at resistance zones accompanied by unusually high trading volume. This combination of technical factors has temporarily stalled BONK's upward trajectory, causing the digital asset to retreat from recent highs. Market analysts suggest that the increased volume during the rejection indicates substantial profit-taking activity among traders. The BONK price action now shows consolidation patterns as buyers and sellers establish new equilibrium levels in the market.