Flow Price Analysis: FLOW Gearing Up for a Massive Rally?


  • Flow currently trades near $0.96
  • 24-hour trading volume for Flow is hovering at $39,998,346.00.
  • The $1.30 support level for FLOW/USD is really strong.
  • Flow shows bearish momentum over the weekend.

22 April 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,439,472,518,715. The total trading volume stands at $63,926,063,910. Bitcoin shares 53.56 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $66,356.57 level after an upward movement of 1.92%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 1.39 percent reaching to $3,223.44 during the previous 24 hours.
While publishing this blog, BNB traded at $604.41, following a price change of 4.39% within the same time frame. SOL the native coin of Solana is up by 2.51 and currently trading at $155.05. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% 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.

Flow Support and Resistance

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

Flow Performance

The price of Flow (FLOW) is at $0.96, up 1.84% in the past 24-hours and has a price change of -0.65% over the week. One day trading volume for BTC is 39,998,346.00 USD while total marketcap reached $1,442,791,884.00 USD. There are almost 1,501,883,814 are in circulation out of 1501883814.

Flow Price Analysis

FLOW price analysis for 22 April 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 Flow has break all its supports levels and things are not looking good for the crypto market. Currently, bears are in control of the market and successfully take FLOW price below the crucial support level of $1.40. 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.

Conclusions

FLOW price is moving in sideways direction. The battle between the bulls and the bears can result in moving the coin price in either direction. However, The investors are waiting for Flow to make a one directional move to make a good entry in the market.