Fluid (FLUID) is currently trading at $3.18, reflecting a 4.92% decline over the last 24 hours. The daily range has been relatively tight, with a low of $3.14 and a high of $3.38, indicating a lack of volatility in the short term.

Volume stands at 8,331,943, representing 3.38% of the market cap, which suggests moderate trading activity. However, with the hourly RSI at 37, the asset is approaching oversold territory, indicating potential for a short-term rebound.

Looking at moving averages, the 8 SMA at $3.25 and the 13 SMA at $3.26 are both declining, suggesting bearish momentum. The 21 SMA at $3.29 and 55 SMA at $3.48 confirm a broader downtrend, particularly with a significant drop in price over the last 14 and 30 days.

Fundamentally, FLUID is down approximately 22.43% over the past 14 days and 29.45% over the last month, which raises concerns about investor confidence. The asset is currently trading far below its all-time high of $24.40, reached in June 2021, indicating a significant loss of value over time.

In conclusion, given the current price action, declining moving averages, and bearish RSI indicators, I recommend a Sell rating for Fluid (FLUID) at this time. The ongoing downtrend and the lack of bullish signals suggest that further downside risk is likely before any potential recovery can be considered.