Bonk (BONK) is currently trading at $6.14E-6, reflecting a minor decline of 0.47% over the past 24 hours. The daily price range has been relatively tight, with a high of $6.27E-6 and a low of $6.06E-6, indicating limited volatility during this period.

Volume stands at 37,324,882, with a volume-to-market cap ratio of 6.91%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages indicate a bearish trend, particularly the 55 SMA at $0.00000635 and the 144 SMA at $0.00000652, which have declined by 3.37% and 5.87%, respectively.

The 1-hour RSI is positioned at 37, indicating that BONK is nearing oversold territory in the short term. In contrast, the 7-day RSI at 49 indicates a neutral trend over the past week, suggesting that there is no strong momentum driving the price in either direction.

Despite a positive 7-day price change of 1.78% and a 14-day price change of 2.78%, the asset has experienced a significant downturn of approximately 30.47% over the past month. This negative momentum highlights potential weakness and raises concerns about the sustainability of any recent price gains.

The all-time high for BONK was recorded at $0.00005825 on November 20, 2024, which indicates substantial room for growth but also suggests that current prices are significantly lower than previous highs. Investors should remain cautious as the current price shows little support from the technical indicators.

Based on the current analysis, a Hold rating is recommended for Bonk (BONK). The bearish moving averages and low RSI readings indicate potential further downside risk, while recent price changes suggest some recovery potential in the longer term. Investors should monitor the market closely for signs of reversal before considering any bullish positions.