FLOKI is currently priced at $0.0000351, experiencing a slight decline of 2.10% over the past 24 hours. The price has seen a daily high of $0.000036 and a low of $0.00003487, indicating a tight trading range with minimal volatility.

The trading volume stands at approximately 40.78 million, representing 12.02% of the market cap, which suggests moderate interest in FLOKI amid the current bearish sentiment. The hourly moving averages indicate a bearish trend, with the 8 SMA at $0.00003545 showing a decrease of 0.98%, while the longer-term 144 SMA at $0.00003716 is down 5.54%, suggesting a lack of upward momentum.

Momentum indicators reveal a concerning picture, with the 1-hour RSI at 39 and the 7-day RSI at 41, both indicating the asset is nearing oversold conditions. Furthermore, FLOKI has experienced significant price declines over the past 7 days, 14 days, and 30 days, with decreases of 15.47%, 19.51%, and 38.45%, respectively, reflecting a strong bearish trend.

Given that the all-time high was $0.00034495 on June 5, 2024, the current price represents a considerable drop from historical levels, suggesting that investor sentiment may be negatively influenced. The recent price action and technical indicators point towards a continuation of the bearish trend unless a significant reversal occurs in market dynamics.

In conclusion, the analysis indicates a bearish outlook for FLOKI in the short to medium term. The combination of declining price action, weak RSI values, and lack of bullish momentum leads to a Sell rating for FLOKI at this time, as the asset appears to be in a downtrend with no immediate signs of recovery.