Flow Price Analysis: FLOW Coin Seems to be Holding $20 Dynamically

  • The FLOW coin is at an upward trend around 19.2% during the intraday trading session.
  • The 24-hour trading volume is at $380 million.
  • FLOW/BTC pair is trading positive by 19.2% at 0.00054689 BTC. 
Source: FLOW/USDT on TradingView

The daily technical chart and price action of FLOW coin display an upward trend. According to the pivot levels, the primary support level is $22.80. On the other side, if it rushes up, the resistance level to follow is $30.65. Although the chart forms a bearish harami candlestick pattern within the day, it is predicted that the price may remain downwards with medium reliability.

The Zig-Zag framed a top of $42.94 on Apr 05. After that, investors can notice a massive correction of 86%, all the way low to $6.01. Now price levels are back around $20 this week. 

The volume of (83.353K) is above the MA of 20-days (73.213K). As a result, the volume is high, causing its price to bounce off the pivot zones. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session. 

The MACD indicator gives (bullish) crossover above the signal line on Aug 29, indicating a buy signal in the coin. Moreover, Investors can see emerging green bars on the Histogram index.

FLOW Coin Expecting 20% Returns in Short Term

Today’s circulating price is US$26.22, and the 24-hour trading volume is US$380,801,349. The price of FLOW has risen 19.2% in the past 24 hours. The circulation of FLOW coins is 60 million, and the total supply is 1.37 billion. The MACD indicator shows a buy signal, and the traders have guided high volume. Technically, the price bounces off the resistance zone and remains in an upward trend. Therefore, as with overall market sentiment, the trend remains bullish in upcoming trading sessions.

Resistance Level: $30.65

Support Level: $22.80

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