Bonk (BONK) is currently priced at 8.81E-6 USD, reflecting a slight decline of 1.93% over the past 24 hours. The price has fluctuated between a high of 9.0E-6 USD and a low of 8.69E-6 USD during this period, indicating a daily range of 3.1E-7 USD.

Volume for BONK stands at approximately 44.6 million, translating to a volume-to-market cap ratio of 5.75%. This relatively low trading volume suggests a lack of strong investor interest at the current price level, which could contribute to price volatility in the short term.

The hourly moving averages are trending negatively, with the 8-period SMA at 0.00000885 (-0.42%) and the 13-period SMA at 0.00000887 (-0.69%). The longer-term SMAs are also showing declines, with the 55 SMA at 0.00000900 (-2.15%) and the 144 SMA at 0.00000908 (-2.94%), indicating a bearish trend overall.

The Relative Strength Index (RSI) metrics further emphasize the bearish sentiment, with a 1-hour RSI of 33 signaling potential oversold conditions. However, the 7-day RSI at 47 suggests that the asset is not yet in an extreme oversold territory, indicating some room for potential recovery.

Over the past week, BONK has experienced a price drop of approximately 15.09%, while the 14-day price change reflects a larger decline of 16.97%. Conversely, the 30-day price change shows a more positive trend with an increase of 11.06%, which may indicate potential support at the lower price levels.

The all-time high for BONK remains significantly above the current price at 5.825E-5 USD, suggesting that there is considerable room for growth if positive market sentiment can be restored. However, the current bearish indicators must be addressed before any significant upward movement can be realized.

Given the technical indicators pointing towards a bearish trend and the lack of strong buying pressure, the recommendation for Bonk (BONK) is to Hold. This strategy allows investors to monitor for potential signs of reversal while avoiding further losses in a declining market.