FLOKI is currently trading at $0.00004458, reflecting a significant 7.51% decline over the past 24 hours. The daily price range has been narrow, fluctuating between $0.00004462 and $0.00004902, indicating a lack of volatility that often precedes larger movements.

The trading volume stands at approximately 37.22 million, contributing to a market cap volume ratio of 8.65%, suggesting a moderate level of trading activity relative to the market cap. The hourly and daily moving averages are all showing downward trends, with the 8 SMA at $0.00004827 indicating a loss of 7.65%, highlighting bearish sentiment in the short term.

Technical indicators show that the 1-hour RSI is at 25, which indicates the asset is oversold in the short term and could lead to a potential price correction. Conversely, the 7-day RSI at 44 suggests the asset is approaching oversold territory but has not yet reached a critical level that typically signals a buy opportunity.

FLOKI has experienced a downward trend over the past 30 days, with a price decline of approximately 36.41%. This long-term bearish performance, coupled with negative changes in the 7-day and 14-day price metrics of -2.97% and -15.68%, respectively, reinforces the current negative sentiment surrounding FLOKI.

While the all-time high for FLOKI remains at $0.00034495, established earlier in June 2024, the current price is significantly below this level, suggesting a substantial market correction. The persistent negative price action and lack of support at current levels imply further downside risk in the short term.

Given the current technical indicators, bearish momentum, and recent performance metrics, I rate FLOKI as a Sell. The lack of strong buying signals and the oversold conditions may lead to short-term volatility, but the overall trend indicates a need for caution before considering a buying position.