FLOKI is currently priced at $0.00003097, reflecting a 1.57% increase over the past 24 hours. The daily trading range has been narrow, with a high of $0.00003319 and a low of $0.00003029, indicating limited volatility in the short term.

The trading volume stands at approximately 55.31 million FLOKI, translating to a volume-to-market cap ratio of 18.50%. This suggests moderate interest in the asset, but the price action remains subdued, particularly when considering the recent downtrends over longer time frames.

Technical indicators reveal a bearish sentiment, with the hourly moving averages showing significant declines across various time frames. The 8 SMA, 13 SMA, and 21 SMA all exhibit negative movements, suggesting selling pressure, while the 144 SMA indicates a more significant decline of 7.59%.

The RSI metrics indicate that FLOKI is approaching oversold territory, with a 1-hour RSI at 40 and a 7-day RSI at 45. However, the ongoing negative price changes over the last 7 days (-17.74%), 14 days (-28.44%), and 30 days (-41.57%) highlight persistent weakness in the asset.

Despite the recent uptick, FLOKI is trading significantly below its all-time high of $0.00034495 reached in June 2024. The bearish trend and technical indicators suggest that the upward momentum may not be sustained without stronger bullish signals or increased market interest.

Given the current analysis of price action, RSI readings, and moving averages, I recommend a Sell rating for FLOKI. The asset is facing considerable selling pressure, and the absence of strong bullish indicators suggests further downside risks in the short to medium term.