Bonk (BONK) is currently trading at $0.00001245, reflecting a 7.15% decline over the last 24 hours. The daily trading range has been tight, with a high of $0.0000134 and a low of $0.00001224, indicating limited volatility in the short term.

Trading volume stands at 124,037,205, equating to a volume-to-market cap ratio of 12.13%, suggesting moderate trading activity relative to its market capitalization. The hourly moving averages show a consistent downtrend, with the 8 SMA, 13 SMA, 21 SMA, and 55 SMA all declining, indicating bearish momentum.

The 1-hour RSI is at 27, indicating that BONK is oversold in the short term, while the 7-day RSI is at 50, reflecting a neutral position. However, the longer-term trend is concerning, as evidenced by a 14-day price change of -12.52% and a 30-day price change of -19.63%, indicating sustained downward pressure.

The all-time high for BONK was $0.00005825, reached on November 20, 2024, suggesting significant potential upside from the current price level. However, given the current negative price momentum and lack of immediate bullish indicators, the risk remains elevated for new positions.

Considering the technical indicators and market sentiment, a cautious approach is warranted. The recommendation is to Hold BONK, monitoring for signs of a potential reversal as the asset remains oversold in the short term but faces considerable resistance in the longer term.