Flow (FLOW) Crypto Can Be A Good Buy: Watch these levels!

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Flow (FLOW) is a blockchain network designed for Web3 and metaverse applications, developed by Dapper Labs.

Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.

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Flow Crypto Price Analysis

  • Latest Price: $0.5477
  • Market Cap: $843.6 million
  • 24-Hour Trading Volume: $40.33 million
  • Circulating Supply: 1.54 billion FLOW
  • All-Time High: $42.40 (April 5, 2021)
  • All-Time Low: $0.39 (September 2023)
Flow Crypto Price Analysis
Img src- Altfins

Breakout from Channel Down pattern signaled a bullish trend reversal. Pullback to $0.50 support could be a swing entry opportunity with +25% upside potential to $0.64 next. Stop Loss at $0.47.ย 

Weekly Price Analysis

In the past week, Flowโ€™s price has fluctuated between a high of $0.55 and a low of $0.48.

Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.

Momentumย is Bearish (ย MACDย Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently.

Support and Resistance: Nearest Support Zone is $0.40. Nearest Resistance Zone is $0.60, then $0.70.

Indicators Overview

RSI 9Neutral32.146
RSI 14Neutral36.315
RSI 25Neutral40.913
STOCH (%K)Oversold13.624
STOCH (%D)Oversold9.948
Stochastic RSI FastOversold13.834
RSI Divergence
CCI 20Oversold100-126.40
WilliamsOversold100-86.376
Unusual Volume SpikeYes
Lower Bollinger Band0.46970711
Upper Bollinger Band0.58901296

News Roundup

Flowโ€™s recent developments focus on expanding its user base through partnerships within the gaming and NFT industries. Projects like NBA Top Shot and NFL All Day continue to attract users.

Additionally, Flowโ€™s parent company Dapper Labs is expanding support for developers by enhancing smart contract features via the Cadence language.

For on-demand analysis of any cryptocurrency, join ourย Telegram channel.

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Harsh Panghal
Harsh Panghal

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