Bonk (BONK) is currently trading at $0.00000801, experiencing a 24-hour decline of 5.25%. The price has fluctuated between a high of $0.00000847 and a low of $0.00000789 in the past day, indicating a daily range of $0.00000058, reflecting ongoing volatility.

Trading volume stands at approximately 117.16 million BONK, with a volume-to-market cap ratio of 16.62%, suggesting moderate market activity. The hourly moving averages show a downward trend, with the 8 SMA at $0.00000813 (-1.53%) and the 55 SMA significantly lower at $0.00000853 (-6.05%), indicating bearish momentum in the short term.

The Relative Strength Index (RSI) metrics indicate a neutral to slightly bearish sentiment; the 1-hour RSI is at 48, while the 7-day RSI is at 43, suggesting that the asset is nearing oversold territory but not yet in it. Over the last seven days, the price has dropped by 12.64%, with a more substantial decline of 24.60% over the past 14 days, though it has seen a slight recovery of 3.82% over the past 30 days.

The all-time high for BONK was recorded at $0.00005825 on November 20, 2024, significantly higher than the current price, indicating substantial room for potential growth. However, the recent downtrend and lack of bullish momentum raise concerns regarding immediate price recovery.

Based on the current analysis, the recommendation is to Hold BONK. The asset's recent performance shows bearish trends with limited upside potential in the short term, but the longer-term outlook remains cautiously optimistic given its previous all-time high and potential market recovery.