Flow

Based

Resistance

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>The FLOW crypto’s price has been trading at the support zone.</a> </li> 
 <li> <span>2</span> <a>The price of the Flow is below the major trendline.</a> </li> 
</ul> 
<p>Based on the distribution of FLOW available on the CoinMarketCap website, 29.66% was allocated to the ecosystem reserve, 27.78% to the pre-launch backers + community sale, 18.53% to the Dapper labs, 16.6% to the development team, and lastly, 7.37% to the staking rewards.&nbsp;</p> 
<p>The launch of Flowview.app is a positive development for the Flow blockchain and its native token, FLOW.&nbsp;</p> 
<p>Flowview.app is a user-friendly tool that will make it easier for users to manage their Flow accounts, storage, and NFTs. This will increase the adoption and utility of the Flow blockchain, which hosts some of the most popular NFT projects in the market. As more users join and interact with the Flow ecosystem, the demand, price, and value of FLOW will likely increase as well.</p> 
<p>According to CoinMarketCap, FLOW is currently trading at $0.444 with a market cap of $458,962,542 which has surged by 6.09% in the last 24 hours. The assets Trading volume surged by $0.49% in the last 24 hours and it stands at $27,371,247, with a circulating supply of 1,036,200,000.</p> 
<p>Flow (FLOW)’s open interest is $11.50 Million. As per Coinglass, another crypto analysis website, it rose by 2.00% in the last session. The long versus short ratio for 24 hours is 1.0973. The total number of short positions added in the last 24 hours is $2.55K against longs of $6.89.</p> 
<p>Therefore, if Flowview.app attracts more users and developers to the Flow blockchain, and if the existing NFT projects on Flow continue to grow and innovate, then the price of FLOW could rise significantly in the long term. Then, Flow might bounce back and it may face the next resistance levels at $0.500 and $0.600.</p> 
<p>On the contrary, if Flowview.app fails to deliver on its promises, or if it faces technical issues or security breaches, then the price of FLOW could drop sharply in the short term. Then, the price may continue to slide down and FLOW reach the next support levels at $0.400 and $0.300.</p> 
<p>Since the overall trend is bearish the price is facing consolidation at the major demand zone. There could be one more case, that is if Flowview.app has no significant impact on the Flow blockchain or its users, then the price of FLOW could remain stable or follow the general trend of the crypto market.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/R3ptinaS9PJ5jwhNWAuF6vQnIJkMrZawHeaG_jG59fWnZLy8APEeo2jZfvExbnNgiV2nXF1EIQzJyAGdlfUu8qiwGzVuZVyrxOrm54e9riap94n3u8CohAfoNeE_H4L81ppsKt69AJFtineA1B0xRFs" alt="FLOW Price 2023: Can Flowview Regain Investors’ Lost Trust?">
  <figcaption class="wp-element-caption">
   Source: FLOW/USD.1D.COINBASE by TradingView
  </figcaption>
 </figure>
</div> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/MuAuwdyUx4rIWX4EaR30BA54rl9DbkF4ByayZg4JyIkkBm5DvA0f-p1fD05CGWTzVeCUfBHdIPWjZqBj_vkhNMAPaZrRAYWGWO4n_gR6Zs8cVrh_bSsgw-s7IkevUUcBKI8VmBcVIGhKaWa4Sk3FxHo" alt="FLOW Price 2023: Can Flowview Regain Investors’ Lost Trust?">
  <figcaption class="wp-element-caption">
   Source: FLOW/USD.1D.COINBASE by TradingView
  </figcaption>
 </figure>
</div> 
<p>At the time of publishing, <a href="https://www.thecoinrepublic.com/2023/10/12/flow-crypto-price-forecast-will-flow-break-out-above-0-454/">FLOW </a>is trading above the 20 and below 50-day EMAs (exponential moving averages). If more buyers get allured, the price would spike and consume rejection levels.</p> 
<p>The MACD line at 0.002 and the signal line at 0.003 are below the zero line, both lines cross each other showing a bearish crossover in FLOW and the histogram is lean showing traits of bullishness.</p> 
<p>The current value of the RSI is 52.50 points and the 14-day SMA is below the median line at 46.65 points, and took support from 14 SMA. It looks like it is ready for some rise in the few trading sessions.&nbsp;</p> 
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3> 
<p>The Flow price is showing a downward trend at the time of writing and under the trendline resistance. However, the technical indicators of the Flow price are pointing in a positive direction, implying that the price may continue to rise on the daily chart and the flowview app might act as a trigger point and allure buyers. The FLOW price action suggests bullishness as the price is around the major demand zone.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support levels: </strong>$0.400 and $0.300</li> 
 <li><strong>Resistance levels: </strong>$0.500 and $0.600</li> 
</ul> 
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4> 
<p>In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.</p>

FLOW Price 2023: Can Flowview Regain Investors’ Lost Trust?

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Thecoinrepublic.com

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