The flow crypto price has been in bulls favor earlier, and rose all the way from the demand zone of $0.400 to the supply level at $1.70. During its advancement, the FLOW shattered all in-between resistances like $0.700, $1.00, and $1.450.
However, at the top resistance level of $1.70, the battle between bulls and bears got intense, and due to the bear's strong presence at the top, the bulls ended up losing their traction and started slipping on the daily chart.
However, Flow crypto has displayed a decline by following a downward trendline, as the price fell from a critical supply level of around $1.750 on the chart. if the Flow of crypto falls more, then this huge drop could continue, as it has already reached the resistance level and started to fall on the daily chart.
The Flow asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline, also, the price structure is in between major trend 20-day, and 50-day EMA's.
In the same way, the Flow asset is demonstrating bearish potential as MACD shows a bearish crossover and the RSI is decreasing gradually and currently is at 48.47, signifying that the FLOW crypto asset is losing traction and can reach new lows after taking another possible decline from declining trendline.
On observing the overall chart of FLOW crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.40% despite being in an uptrend from so long from the last month, and quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart.
At the time of publishing, the FLOW is currently trading at $1.252 with a slight intraday surge of 0.64%. therefore, as per the price action, if the price bounces back again from the declining trendline and manages to break the nearest major support of $1.150, its price could dip more in that case. However, there lies one more possibility, that will prevail only if the price manages to get abrupt buying pressure to destroy the trendline resistance. Then the target could be to reach $1.50 and $1.75.
However, at the top resistance level of $1.70, the battle between bulls and bears got intense, and due to the bear's strong presence at the top, the bulls ended up losing their traction and started slipping on the daily chart.
However, Flow crypto has displayed a decline by following a downward trendline, as the price fell from a critical supply level of around $1.750 on the chart. if the Flow of crypto falls more, then this huge drop could continue, as it has already reached the resistance level and started to fall on the daily chart.
The Flow asset is showing bearishness and falling potential as it declines and makes a lower low structure side by side with a declining trendline, also, the price structure is in between major trend 20-day, and 50-day EMA's.
In the same way, the Flow asset is demonstrating bearish potential as MACD shows a bearish crossover and the RSI is decreasing gradually and currently is at 48.47, signifying that the FLOW crypto asset is losing traction and can reach new lows after taking another possible decline from declining trendline.
On observing the overall chart of FLOW crypto asset, it is demonstrating bearish behavior and shows that it has more room to decrease. It has achieved a bad performance in the last week by -7.40% despite being in an uptrend from so long from the last month, and quarter, thus implying a robust downward direction dip possible in the coming days session on the daily chart.
At the time of publishing, the FLOW is currently trading at $1.252 with a slight intraday surge of 0.64%. therefore, as per the price action, if the price bounces back again from the declining trendline and manages to break the nearest major support of $1.150, its price could dip more in that case. However, there lies one more possibility, that will prevail only if the price manages to get abrupt buying pressure to destroy the trendline resistance. Then the target could be to reach $1.50 and $1.75.