Long

Flow (FLOW) Has Experienced an 80% Growth

Since October 15, FLOW has experienced an 80% growth, now hovering near the buyer’s zone at $0.59-$0.63. Despite this increase, the asset hasn’t updated its annual high, suggesting there's still room for further growth.

Should Bitcoin maintain its positive trend, FLOW is expected to follow suit. The immediate target for FLOW is to retest its resistance zone between $0.705 and $0.745, aiming to reach and possibly exceed a local high of around $0.8.

Conversely, in the case of a market correction, FLOW might dip below its current buyer’s zone, potentially nearing the $0.575 level and testing the support range of $0.51-$0.55. However, such a downturn is more likely if BTC falls beneath the $35,000 threshold. Until then, altcoins, including FLOW, retain the potential to reach new price peaks.

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