- FLOW Coin maintains its flow to the bullish side after sloping trendline breakout.
- The FLOW Coin shows a solid bullish rally this week while gaining 30% in the last three days.
- The RSI Indicator is going to enter in the extremely overbought zone.
Flow coin started moving higher after completing its accumulation above 90-days lowest bottom. The altcoin price has rapid rally in the last few sessions, while bears seem to be exhausted for more sell-off. Buyers got a dominance of the following coin after a long period, so chances are high that price may jump more from the current levels.
Recently FLOW coin registered a 52-weeks low at $1.17 mark before turning its bearish trend. Thus price action shows bulls’ dominance nowadays as it makes higher lows pattern in the course of daily price chart.
Amid bounce-back, Flow coin overcame the selling pressure as it breakout downsloping trendline (White). This breakout fuels buyers buying speed; as a result, price recovered over 31% cost this week.
The FLOW coin maintains a bullish rally as price is trading at 2.06 Mark at the time of writing. After a long hustle, buyers pumped the altcoin price above $2.0 Mark, so price closing above this level may help to push price towards $2.5 resistance level.
The Market Cap of FLOW coin increased above $2.1 Billion, where bulls are celebrating 20% gain in the last 24 hours. Further, the pair price of FLOW crypto along with Bitcoin is green by 13% at 0.00008755 Satoshis.
DMA Indicator Forecasts Further Rally to Mark $3.0
The Traditional indicator RSI is going to knock the door of extreme overbought territory. Thus RSI shows the remaining bullish trend in FLOW coin. Same as, altcoin price reached well above the 20 and 50 day moving averages and aiming to reach at 100 DMA (at $3.0 Mark) by the end of July.
Conclusion
The Traditional Indicator shows bullishness in Flow coin. Even the DMA indicator hints further bullish rally till the $3.0 mark in the next few days if buyers manage crypto price above $2.0 level.
Support level- $1.5 and $1.0
Resistance level- $2.5 and $3.0
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.