- Flow coin price action bounceback from $30.0 to $36.78 on Monday’s trading session
- The 24-hour volume in Flow is at $355,748,440 with a 236% increase
- The FLOW/BTC pair was trading at 0.0006379 BTC with a gain of 16.65%
The 4-hour technical chart of FLOW coin price action forecasts an uptrend with the overall market sentiments. According to pivot points, Flow’s critical support level is placed at $30.10. Whereas if it moves up, the key resistance level to watch is $43.02. While diving into the weekly chart of a 4-hour time-frame, it completes an inverted hammer candlestick pattern representing a bullish reversal with medium reliability.
EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above the EMA-55 (red), which projects a strong bullish trend. The price is also above all the EMA’s. Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.
RSI indicator (BULLISH), with a value of 63.30, indicates a buy signal in the coin. Moreover, Investors can see a downward slope from 72 to 63 in the index, and it may cool down in future trading sessions.
The volume of (94.75K) represents a huge buying volume which is above the Volume MA (18.98K) of 20-days. High buying volume is maintained in FLOW to drive its price to higher levels.
Flow Coin Price Buying Volume Surges By 238%
Flow coin price traded at $36.78 with a gain of 17.25% in the last 24-hour and 16.40% up in the weekly time-frame. Furthermore, FLOW bounced back from the support and is trading at $36.78. In contrast, the market capitalization stands at $1.13 billion. Technically, investors can perceive a positive crossover in EMA, and the price is above the 8-EMA. RSI index showcases a downward slope for a short while. Moreover, the price movement can be towards the next resistance of $43.02 in future trading sessions.
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