- The price of the Flow Crypto has declined to all-time low levels.
- The trading volume of the FLOW coin has advanced by 19.31% in the last 24 hours.
Flow cryptocurrency is designed to support scalable and decentralized applications, including games, collectibles and other digital assets. One of the best features of FLOW is that it supports complex smart contracts and applications. It was created by Dapper Labs founded by Roham Gharegozlou, Dieter Shirly and Mikhael Naayem.
Flow crypto uses POS consensus mechanism and its largest volume is traded in KRW currency following 50.46% of the overall crypto volume. The market cap of the crypto has advanced by 1.52% resulting in $437.84M in the last 24 hours.
The Flow crypto has a circulating supply of 1.036B and the fully diluted market cap is $615.32M with an infinite max supply. Current market cap dominance of the crypto is 0.04% of the overall crypto market following a volume/market cap ratio of 0.0401. Current market cap of the coin as per Coingecko is #80.
FLOW Price Technical Analysis
a by writer11_gsm on TradingView.com
The price of the crypto is showing a huge decline on the charts following a negative market trend and there are no signs of buying on the charts as the crypto is forming negative candlesticks in the charts.
The crypto market is facing downward pressure as it trades below the 50-day and the 200-day Exponential moving average, which shows that sellers are dominating the market and can push the price to lower levels.
The RSI of the share has highly declined from the higher levels and the crypto has been unable to hit the overbought zones which represents the weakness in the market.
FLOW Allocation Analysis
As per the diagram we can see that the highest amount of crypto is allocate to the ecosystem reserve. And Dapper labs who created the coin holds the 18.53% of the token and developement team has allocated 16.66% of the crypto.
Conclusion
The price of the crypto is following a downtrend for a very long time following negative technicals such as RSI. And the EMA and decline in volume as compared to earlier activity in the crypto.
Therefore, the price of the crypto is expect to decline to the lower levels. Following the downtrend unless it breaks above the level of $1.400.
Technical Levels
- Support level for the FLOW crypto are: $0.200 and $0.400
- Resistance level for the FLOW crypto are: $1.400 and $1.850
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only. And do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.