19 March 2024 : In this article we will walk you through Flow price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for Flow, Is FLOW a good investment? Flow support & resistance levels etc. But before diving deep into the FLOW technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,403,924,463,589. The total trading volume stands at $183,036,691,090. Bitcoin shares 51.94 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $63,547.21 level after a decline of -6.99%.
A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -8.14 percent reaching to $3,293.65 during the previous 24 hours.
While publishing this blog, Solana traded at $184.48, following a price change of -10.95%within the same time frame.
BNB the native coin of BNB is down by -8.35 and currently trading at $519.19.
Additionally, XRP reached $0.60 after seeing a decline of -2.21% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of Flow (FLOW)
FLOW Resistance Levels | FLOW Support Levels | ||
---|---|---|---|
Resistance Level 1 | $1.61 | Support Level 1 | $1.40 |
Resistance Level 2 | $1.71 | Support Level 2 | $1.30 |
Resistance Level 3 | $1.81 | Support Level 3 | $1.20 |
The price of Flow (FLOW) is at $1.24, down -7.91% in the past 24-hours and has a price change of -22.17% over the week. One day trading volume for BTC is 214,072,725.00 USD while total marketcap reached $1,846,823,240.00 USD. There are almost 1,494,854,696 are in circulation out of 1494854696.
FLOW price analysis for 19 March 2024 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the Flow.
Moving Averages | Price | Indicator |
---|---|---|
Simple Moving Average (10) | 1.54 | Sell |
Exponential Moving Average (10) | 1.54 | Sell |
Simple Moving Average (20) | 1.61 | Sell |
Exponential Moving Average (20) | 1.61 | Sell |
Simple Moving Average (50) | 1.75 | Sell |
Exponential Moving Average (50) | 1.75 | Sell |
The coin is going down as it break below two crucial support levels of $1.40 and $1.30. The market is not suitable for bulls and bears might take FLOW towards the next support at $1.20. While FLOW’s Williams %R indicator is at -56.193 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range. The relative Strength Index (RSI) indicates that the FLOW coin is in oversold phase, as RSI is at 27. The FLOW/USD Moving Average Convergence and Divergence (MACD) indicator is indicating a short-term sell signal as the MACD line is moving below Signal Line Which means bears are dominating in the market.
The Flow market is shown signs of being bearish, and sellers have the potential to drive prices of the cryptocurrency lower in the next few days. Alternatively, The price of FLOW might try to break above its resistance level of $1.61. For now the coin is showing negative trend.