FLOKI's current price stands at $0.00002992, reflecting a 2.31% decline over the last 24 hours. The price action has been confined between a high of $0.00003112 and a low of $0.00002985, indicating a narrow daily range of $0.00000127.

The trading volume of 20,440,934 represents a volume-to-market cap ratio of 7.08%, suggesting moderate trading activity in relation to its market capitalization. However, the consistent decline in price over the past month (-30.80%) raises concerns about bearish sentiment and potential selling pressure.

Analyzing the moving averages, the 8 SMA, 13 SMA, and 21 SMA are all showing declines of -1.29%, -1.88%, and -2.23%, respectively, indicating a short-term bearish trend. The 55 SMA also reflects a slight decline of -1.59%, while the 144 SMA shows a more significant drop of -3.73%, further confirming the prevailing downward momentum.

The 1-hour RSI at 10 indicates that FLOKI is significantly oversold in the very short term, which may signal a potential bounce. Conversely, the 7-day RSI at 45 is hovering near the neutral zone, suggesting a lack of strong momentum in either direction over the past week.

Looking at longer-term performance, FLOKI has faced a -13.40% decline over the past week and a -5.37% drop over the last two weeks, indicating sustained bearish pressure. The all-time high of $0.00034495 reached on June 5, 2024, highlights the potential for recovery; however, the current price remains substantially below this peak.

Given the technical indicators indicating bearish sentiment, alongside the oversold conditions in the very short term, a cautious approach is warranted. Therefore, the recommendation is to hold FLOKI at this stage, as potential short-term rebounds may occur, but broader bearish trends suggest waiting for clearer reversal signals before considering a buy.