- FLOW token price trends higher after retesting the breakout of the falling channel.
- The token price has risen above all the EMAs in the daily technical chart.
- The pair FLOW/BTC trades at 0.0005712 BTC with an intraday fall of -6.53%.
FLOW Token’s price continues to rise higher after retesting the breakout of the falling channel pattern. The token price may reach the heights of $35 if the trend persists.
Bullish crossovers are likely to occur soon due to the proximity of the 50-day EMA and 20-day EMA. In addition, a crossover opportunity may also be offered by the 100-day EMA.
The current market price for the FLOW token (USD) is 23.83. As a result, the intraday market capital gained +0.17%. On the other hand, the intraday trading volume has fallen by -21.84% resulting in the recent long wicks formations.
AXS Token Price Makes Double Top In 4-hour Chart
FLOW Token’s price exceeded all significant EMAs on the 4-hour technical charts. This price jump was made possible by the discovery of demand at the $12 support level. If the price can sustain above the EMAs, the token price could have avoided the death crossing.
According to the pivot point standard, the coin price could support $17 and $11, respectively. However, if bulls continue to maintain the uptrend, then opposition at $29 and $35 could push down the price.
MACD indicator (BULLISH) shows that both the MACD and signal lines move higher above the bullish zone (2.00), indicating a bullish price momentum. However, the indicator does show a bearish divergence, which suggests a weakness in bullish momentum.
The RSI indicator projects significant growth in its slope. The slope of RSI may soon touch the oversold area.
The ADX indicator is a sign of trend momentum.
Conclusion: FLOW Token price has been successful in retesting the falling channel and may soon continue its bull run. Investors hoping to ride the uptrend might find an entry spot above the $25 mark.
Support: $17 and $11
Resistance-$29 and $35