Bonk (BONK) is currently trading at $0.00000902, reflecting a 4.51% decline over the last 24 hours. The price range has fluctuated between $0.00000892 and $0.00000952, indicating a tight daily range of $0.0000006, which suggests low volatility in the short term.

The trading volume stands at approximately 73.88 million BONK, representing 9.91% of the market cap, indicating a relatively healthy trading activity. However, the negative price momentum is evident as the 1-hour and 7-day RSI values are at 49 and 46, respectively, both hovering near neutral territory but leaning towards bearish sentiment.

Technical indicators show that shorter moving averages (8 SMA and 13 SMA) are currently below the current price, but longer-term moving averages (21 SMA and 55 SMA) indicate a bearish trend as they remain above the current price and are showing negative percentage changes. The recent 30-day price change of -26.52% further confirms a bearish trend over the longer term.

The all-time high of $0.00005825 reached in November 2024 emphasizes that BONK has substantial room for growth if it can break previous resistance levels. Yet, the current downtrend and the recent price changes suggest that traders should approach with caution.

Given the current technical indicators and fundamental data, the overall sentiment is bearish. Therefore, the recommendation is to Hold BONK until clearer upward momentum or a reversal pattern emerges. The risks of further declines outweigh potential gains in the immediate term.