Flare (FLR) is currently trading at $0.00861666, reflecting a significant decline of 11.90% over the last 24 hours. The asset has experienced a daily trading range of $0.00119466, with a high of $0.00978783 and a low of $0.00859317, indicating increased volatility in the short term.

Volume has reached 11,817,800, translating to a 1.62% ratio of volume to market cap, which suggests a relatively low trading activity compared to its market capitalization. The hourly moving averages indicate bearish momentum, with all key SMAs showing losses ranging from 5.32% to 12.30%, reinforcing the downtrend.

Technical indicators reveal a deeply oversold condition with the 1-hour RSI at 17, signaling potential for a short-term reversal. However, the 7-day RSI at 42 indicates that the asset is still approaching oversold territory without a clear bullish signal yet.

Over the past week, FLR has dropped by 15.63%, and its performance has worsened with a 14-day price change of -16.66% and a staggering 30-day drop of 31.39%. This trend suggests ongoing weakness, compounded by the fact that it remains significantly below its all-time high of $0.150073 reached on January 10, 2023.

Considering the current price action, technical indicators, and recent performance trends, the market sentiment appears to be bearish. Therefore, the recommendation for FLR is to Hold, as the asset may be near a potential bottom, but the absence of clear reversal signals warrants caution before considering a Buy.