Flow (FLOW) is a blockchain network designed for Web3 and metaverse applications, developed by Dapper Labs.
Price is Approaching Support, which is a level where it could pause or reverse its recent decline, at least temporarily. Support is often a level where price has bounced up in the past, or potentially prior Resistance level that was broken.
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Flow Crypto Price Analysis
- Latest Price: $0.5477
- Market Cap: $843.6 million
- 24-Hour Trading Volume: $40.33 million
- Circulating Supply: 1.54 billion FLOW
- All-Time High: $42.40 (April 5, 2021)
- All-Time Low: $0.39 (September 2023)
Breakout from Channel Down pattern signaled a bullish trend reversal. Pullback to $0.50 support could be a swing entry opportunity with +25% upside potential to $0.64 next. Stop Loss at $0.47.
Weekly Price Analysis
In the past week, Flow’s price has fluctuated between a high of $0.55 and a low of $0.48.
Trend: Short-term trend is Strong Down, Medium-term trend is Strong Down, Long-term trend is Strong Down.
Momentum is Bearish ( MACD Line crossed below MACD Signal Line) BELOW days ago. Price is neither overbought nor oversold currently.
Support and Resistance: Nearest Support Zone is $0.40. Nearest Resistance Zone is $0.60, then $0.70.
Indicators Overview
News Roundup
Flow’s recent developments focus on expanding its user base through partnerships within the gaming and NFT industries. Projects like NBA Top Shot and NFL All Day continue to attract users.
Additionally, Flow’s parent company Dapper Labs is expanding support for developers by enhancing smart contract features via the Cadence language.
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