- The Flow crypto price is up by 92% in the last two months.
- The FLOW price has surpassed the 20-day EMA with the rise in trading volume.
Flow price has been on a bullish trend and has risen by 92% since February. The Flow (FLOW) crypto price recorded a 52-week high of $1.70 on March 13, 2024. The bullish trend was interrupted near the $1.70 hurdle and declined by 32% in a week. The FLOW price has recently surpassed the 20-day EMA and is heading for the 52-week high.
In a broader time frame, the Flow crypto price has been in a bearish trend and took support on the $0.400 hurdle. Since November, the Flow coin price has bounced back, witnessed intense buying pressure, and risen by 237% till now.
The current market price of Flow Crypto is $1.36, with an intraday loss of 2.58%. The market capitalization and fully diluted market cap is $2.04 billion. The 24-hour trading volume is $80.76 million, which has dropped by 39%. The circulating supply and total supply is 1,497,662,370 FLOW.
Flow Crypto Price vs Volume Analysis
From February to mid-March, the trading volume increased by more than 1000%, and the price also increased. In the last 3 weeks, the trading volume has dropped from $350 million to $80 million, but the price has not declined accordingly. The volume does not support the price. So, if the trading volume keeps declining, the Flow price may fall further.
Flow Crypto Social Dominance and Social Volume
The awareness on social media like X, Instagram, and Telegram has decreased over the last few weeks, which has affected the price negatively. If social dominance increases, the Flow price may increase.
Flow Price Technical Analysis Over the Daily Timeframe
In a daily time frame, the Flow crypto price has been in a bullish trend. It has triggered a pullback and surpassed the 20-day exponential moving average. If the price surpasses the last swing high and sustains, a buying signal can be generated. If the price is sustained at the $1.80 mark, it may continue with an upward trend.
On the other hand, if the price slips below the $1.10 level and sustains, then selling pressure can be observed. If the FLOW price fails to defend the 200-day exponential moving average, sellers may become confident, and the past gains may be eroded.
Regarding technical indicators, the FLOW price is trading over the significant moving average, indicating the bulls’ strength. RSI is at 52 and heading toward the oversold zone, which showcases the negative sentiment.
Technical Analysis of Flow Price Over a 4-H Timeframe
In a 4-H time frame, the Flow crypto price has been rising by taking support from the trendline. Currently, the price is trading below the 20-day and 200-day exponential moving average.
If the FLOW price rises and surpasses the 20-day EMA, then buying momentum for the short term can be expected. However, selling pressure can be expected if the price slips below the trendline and sustains below the 20-day EMA.
Conclusion
The Flow crypto price seems to have been on a bullish trend, with significant price increases and trading volume fluctuations. The social media activity and technical indicators suggest a mixed sentiment. The bullish trend has disturbed near the $1.60 mark and performed negatively.
Technical Levels
Resistance: $1.50 & $1.70
Support: $1.20 & $1.00
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.