Bonk (BONK) has experienced a significant downturn, losing 10.74% against the US Dollar in the last 24 hours. The cryptocurrency also saw declines against Bitcoin (BTC) and Ethereum (ETH), with losses of 10.98% and 10.57% respectively. Despite a 21.00% gain over the past month and a staggering 9,283.92% increase over the past year, the short-term outlook remains bleak.

The Fear & Greed index currently reads 37, indicating a market sentiment of fear. Key support levels for BONK are identified at $0.000021, $0.000019, and $0.000017, while resistance levels stand at $0.000025, $0.000027, and $0.000029. With 62% of technical indicators signaling a bearish trend, the market outlook for BONK remains pessimistic.