Trend: Overall downtrend since 2023, but currently bouncing from the lower boundary of the channel.
Current Price: $0.406, up 8.27% this week – a bullish sign.
Support Zone: Around $0.33–$0.35 (lower boundary of the descending channel).
Resistance Zone: $0.70–$0.80 short-term, and $1.28 long-term (upper channel boundary).
🧠 Summary:
FLOW shows signs of a potential reversal from the bottom of a long-term channel. If it continues to respect this bullish momentum, it could target higher resistances, possibly even approaching the $1+ zone in the coming months.
Current Price: $0.406, up 8.27% this week – a bullish sign.
Support Zone: Around $0.33–$0.35 (lower boundary of the descending channel).
Resistance Zone: $0.70–$0.80 short-term, and $1.28 long-term (upper channel boundary).
🧠 Summary:
FLOW shows signs of a potential reversal from the bottom of a long-term channel. If it continues to respect this bullish momentum, it could target higher resistances, possibly even approaching the $1+ zone in the coming months.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.