Will FLOW Rebound From This Trendline?

Flow price prediction showcases the slippage of FLOW crypto inside an interesting pattern over the daily time frame chart. FLOW crypto price may rebound from the lower trendline of the pattern to retrace its path. However, to achieve its maximum recovery FLOW needs to maintain the flow of buyers during the intraday trading session. In simple words, buyers need to accumulate a higher rate to push FLOW from the support zone.

Meanwhile, FLOW started falling from the $0.460 level on 17th October and slipped to the current level. Flow cryptocurrency has been consolidating inside the symmetrical triangle pattern since 17th August. FLOW may get support from the lower trendline to surge towards the upper trendline of the symmetrical triangle pattern over the daily time frame chart.

Flow price was at $0.419 and lost 3.01% of its market capitalization during the day’s trading session. Trading volume has decreased by 15.72% during the intraday trading session. This demonstrates that sellers are still present in the trade to pull FLOW down. The volume-to-market cap ratio was at 6.49%.

Will Flow Price Bounce Back From Here?

Flow price prediction shows the fall of FLOW crypto inside the symmetrical triangle pattern over the daily time frame chart. FLOW may get support from the lower trendline of the symmetrical triangle but buyers need to accumulate at a higher rate. However, volume change can be seen below average under the full influence of sellers. Meanwhile, FLOW crypto slipped below the 20, 50, 100, and 200-day daily moving averages.

Flow cryptocurrency declined around 6.68% in a month and 33.70% in the last three months. Moreover, FLOW price slipped around 53.75% in the last six months and 35.54% year to date. This shows that FLOW crypto has been struggling to rise from the start of the year.

Technical indicators suggest the downside trend of FLOW crypto. The relative strength index shows the downward momentum of FLOW crypto. RSI was at 42 and is heading towards the oversold territory. Investors in Flow cryptocurrency need to wait for any directional change over the daily time frame chart.

Summary

Flow price prediction showcases the slippage of FLOW crypto inside an interesting pattern over the daily time frame chart. Meanwhile, FLOW started falling from the $0.460 level on 17th October and slipped to the current level. However, volume change can be seen below average under the full influence of sellers. Moreover, FLOW crypto price slipped around 53.75% in the last six months and 35.54% year to date. Technical indicators suggest the downside trend of FLOW crypto.

Technical Levels

Support Levels: $0.412 and $0.400

Resistance Levels: $0.433 and $0.450

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 or stock comes with a risk of financial loss.