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- FLOW coin price has seen a drop of more than 98% from its all time high of $46 and is near its all time low
- Technical indicators of FLOW are favoring a downside trend. FLOW/BTC pair has seen a drop of over 0.95% in intraday session
FLOW is a fast, decentralized and developer friendly blockchain which is made for the games, apps and digital assets. It is a layer one blockchain which is developed by the team which has brought crypto kitties and other games. It is designed from the ground up for mainstream adoption and is the only blockchain which builds usability improvements in protocol layer. FLOW blockchain has a total number of 17671648 accounts and has done 303,363,922 transactions till date. It has a 691557953.01581445 FLOW staked in its blockchain. It has seen a fall of more than 98% from its all time high of $46 and is very far away to attain the high.
FLOW is currently ranked 44th in the cryptoverse and has a market dominance of over 0.01%. Volume of the crypto asset has seen a decline of 23% in the intraday session. Volume to market cap ratio of FLOW suggests a consolidated trend in price.
Are Bears Of FLOW Getting Dominant?
FLOW coin price has been in a downside trend for a quite long time. It may see a further downtrend in the future. The weekly technical chart of the asset price suggests a small downside trend. On coming to the daily chart it is trading near $0.761 with a drop of more than 1.16% .The upside trend of FLOW can see a halt near $1. Meanwhile the asset price can see a bounceback from $0.5.It is trading below the 50 and 100 Daily Moving Average. It can see a negative crossover which can push the price down to a new low in the future.
Conclusion
FLOW is one of the fastest and most secured blockchain which has been affected by the downtrend of market. FLOW coin price is in a downside trend but can see a new high in the future.
Technical Levels
Major Support:$0.5
Major Resistance: $1.25
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
