FLOW Issued a Thread Alert via Twitter — New Updates for Developer Community

• Prices fell by 18.15% in the past 7 days.
• Doodles to launch a project on Flow.
• Blockchain Network issued a thread alert for the developer community on Flow.

In the past week, Doodles made the announcement that its future larger-scale Doodles 2 project will deploy Flow blockchain. The web3 blockchain network is known for hosting non-fiction sports initiatives. The sequel.

Extending the paradigm, the blockchain altered the developer community for the introduction of Flow super commands facilitating enhanced productivity and simplicity. The commands included Flow setup to avoid the tedious task of project setup, scaffold flag, flow dev mode, and improved import syntax. 

Although, the past few days have not favored the token prices, as they booked a downtrend by 18.15% and about an 8% loss in intraday. The coming days pose a possibility of the rally due to continuing enhancements to the network that supports web3.

Let’s go with the Flow

The FLOW prices witnessed a fall by nearly 19% in the past week and have formed a falling regression channel. The recent action occurs near the base band indicating a buying pressure to approach. The volume shows heavy sellers and a few buyers and with horizontal OBV suggests neutral market force. The 200-EMA floats far above the current price movement, while others form a possibility of a bullish crossover. 

The CMF moves closer to the as the prices encountered a falling trend. The MACD diverged for the sellers and recorded a few red bars in the negative zone from zero-histogram mark. The RSI takes place near the half line stepping down from the ceiling range. 

The peephole

The closer time frame suggests the prices to move sideways with an uptick in the recent prices. The CMF breaches the baseline and moves back to the positive zone. The MACD records descending seller bars as the lines near a convergence. The RSI jumps to the 40-range mirroring improvement in the buyer interest. 

Conclusion

The FLOW prices reacted opposite to the current news, but can possibly improve holding hands with the recent enhancements made to the network. The investor can rely on the support zone near $0.90 for investing in FLOW. 

Technical levels

Support levels: $0.90 and $0.75

Resistance levels: $1.250 and $1.455

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Latest posts by Ritika Sharma (see all)