Bonk (BONK) is currently trading at $0.00001023, reflecting a 5.74% decline over the past 24 hours. The daily range shows a high of $0.00001087 and a low of $0.00000996, indicating high volatility with a daily range of 9.1E-7%, supported by a trading volume of 177,811,332, representing 21.07% of its market cap.

Technical indicators suggest bearish momentum, with the 1-hour RSI at 36 indicating oversold conditions, while the 7-day RSI at 39 also signals weak buying pressure. Moving averages exhibit mixed signals, where the 8 SMA and 13 SMA show slight upward trends, but the 21 SMA and 55 SMA indicate deeper declines of -0.73% and -3.69%, respectively.

Fundamentally, BONK has struggled over the past week, with a price drop of 21.07%, and a consistent downward trend over the last 30 days, reflecting a total decline of 27.73%. The all-time high of $0.00005825 reached in November 2024 seems distant, suggesting that market sentiment remains bearish.

Given the current price action, RSI levels, and the moving average convergence, BONK appears to be in a corrective phase with resistance likely near $0.00001062 and support around $0.00000996. The prevailing negative momentum and the lack of bullish indicators lead to a cautious outlook.

Rating: Sell. The combination of technical weaknesses, declining RSI levels, and significant price drops over multiple time frames suggests further downside risk. It is advisable to exit positions or avoid new entries until a clear reversal pattern emerges.