- The Flow coin price gets rejected by the EMA lines this month.
- The 24-hour trading volume is at $559 million.
- FLOW/BTC pair is trading positive by 14.9% at 0.00022967 BTC.
On the daily chart of Flow coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price is struggling below the yellow line, so until the price resides below all the EMA’s, it will assure a downtrend in FLOW.
Trading volume (486.984 K) is close to the 20-day moving average (616.656 K). The volume is high, so the cost is moving upside. Investors may also notice that the volume bar on the chart increases. This indicates that unusual volatility is common on the following trading days.
Flow Coin Price Reached The Demand Zone
Flow coin daily technical chart and price trend show a positive direction. Based on the price action, the supply zone is located at 24-26 USD. On the other hand, the demand zone to look for is 10- 12 USD. Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI indicator gave a signal (bearish) with 33.60, projecting a sell signal in the currency for the short-term. Investors can observe an inclined slope from 15 to 33 on the index. It can rise in future trading sessions.
The MACD indicator gives (bearish) cross over the signal line on October 15, demonstrating a sell signal in the coin. Additionally, Investors can see decreasing red bars on the Histogram index.
Conclusion
The current price is $14.88, with a 24-hour trading volume of $559,976,536. Flow prices have increased 16.7% in the past 24 hours. 310 million FLOW-Coins are in circulation, and their total supply is 1.38 billion.
The RSI and MACD point to a sell signal, and the traders have prompted high volume. In fact, the cost bounced from the demand zone. Likewise, the general market outlook is that this pattern will continue to rise over the next few trading days.
Resistance Level: $24- $26
Support Level: $10- $12