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- 1 FLOW crypto price decreased by 5.50% over the past seven days.
- 2 FLOW crypto price was $0.412 (press time), shedding 1.90% in the last 24 hours with a market cap of $426.914 Million.
FLOW price is down by 5.50% over the past 7 days, whereas according to the price action, the FLOW price continues to move in the bears’ influence. Sellers are trying to pull FLOW crypto price toward the lower trendline. FLOW must attract buyers in order to surge toward the upper trendline. Investors in FLOW crypto need to wait for any directional change over the daily time frame chart.
FLOW price prediction showcases the decline of FLOW crypto price from the higher level over the daily time frame chart. FLOW crypto needs to attract buyers in order to reach the recovery level. However, trading volume was below average and needs to grow for the FLOW crypto price to sustain at a higher level.
Meanwhile, FLOW crypto is trying to surpass above 50, 100, and 200-day daily moving averages. FLOW price gained 3.00% in a month and lost 35.42% in the last three months. Moreover, the FLOW price has plunged around 60.65% in the last six months and lost 36.52% year to date, confirming that FLOW will be bearish in the coming sessions.
Technical Analysis of FLOW Crypto Price in 1-D Time Frame
If it can sustain at this level, the FLOW price could continue to go up and reach the first and second targets of $0.454 and $0.600, respectively. However, if FLOW price cannot maintain this level and falls, then it might hit the closest support levels of $0.393 and $0.300.
At the time of publishing, FLOW crypto (USD: FLOW) was above the 50 and 200-day exponential moving averages (EMAs), which are supporting the price trend.
However, if selling volume adds up, then the price might conquer supporting EMAs by making lower highs and lows. Hence, the FLOW price is expected to move downwards giving bearish views over the daily time frame chart.
Technical indicators highlight the negative momentum of the FLOW crypto price. The relative strength index (RSI) showcases the downtrend momentum of FLOW crypto. RSI was at 37 and is heading towards the neutral to be oversold.
MACD exhibits the downtrend of FLOW crypto price. The MACD is below the signal line after a negative crossover. Investors in FLOW crypto need to wait for any directional change over the daily time frame chart.
Summary
The daily time frame chart of the FLOW cryptocurrency suggests a dropping trend according from the upper level. For FLOW cryptocurrency to rebound and reach the upper levels, it must attract buyers. Moreover, the price of FLOW has decreased by almost 60.65% over the past six months. Technical indications point to the price of FLOW cryptocurrency being in a downturn. Investors in FLOW cryptocurrency must watch the daily time frame chart for any directional changes.
Technical Levels
Support Levels: $0.454 and $0.600.
Resistance Levels: $0.393 and $0.300.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
