Flare (FLR) is currently priced at $0.01306407, experiencing a 24-hour decline of 2.06%. The price range over the past day has been between $0.01285259 and $0.01367675, indicating limited volatility with a daily range of 0.00082416%.

The trading volume stands at 5,837,305, which corresponds to a volume-to-market cap ratio of 0.56%. This relatively low trading activity suggests a lack of strong investor interest in the short term, as reflected by the downward price movement.

Analyzing the hourly moving averages, the 8 SMA and 13 SMA indicate slight bullish momentum at +0.41% and +0.28%, respectively, while longer-term averages show a bearish trend, with the 21 SMA, 55 SMA, and 144 SMA declining by -0.96%, -3.15%, and -5.79%. This divergence suggests a potential short-term bounce, but the overall trend remains negative.

The current 1-hour RSI is at 39, indicating a near-neutral stance, while the 7-day RSI at 41 suggests the asset is approaching oversold territory. However, both momentum indicators reflect weakness, especially given the recent price drops over the past week and month, with changes of -12.53% and -12.99%, respectively.

Flare’s all-time high of $0.150073, reached in January 2023, remains significantly above the current price, reflecting a steep decline in value. The historical performance combined with the current technical indicators indicates bearish sentiment persists, making it challenging for FLR to regain upward momentum in the short term.

Given the current technical indicators, negative price momentum, and low trading volume, the recommendation for Flare (FLR) is to Hold. Investors should monitor for any significant bullish signals or volume increases before considering a Buy, as the current outlook is not conducive for immediate entry.