Flow

Resistance

Reversal

Daily

<ul class="list-ic vertical">
 <li><span>1</span> <a>The FLOW price signified profit booking and slipped to the 20-day EMA support mark.</a></li>
 <li><span>2</span> <a>The FLOW coin trades near the crucial trendline support and is awaiting a pullback.</a></li>
</ul>
<p>The FLOW coin (FLOW) price signifies retracement moves and has retested the 20-day EMA mark. The technical indicators suggest a trend reversal ahead, and a bearish crossover is noted on the charts. Moreover, the price action indicates that a fresh lower high swing was made, which may lead to a correction in the short term. The mark of $1.20 will act as downside support if any selloff happens in the following sessions, whereas the upside of $1.50 is the immediate resistance level.</p>
<p>At press time, the Flow coin (FLOW) price was trading at $1.34 with an intraday drop of 1.90%, reflecting neutrality on the charts. It has a monthly return ratio of 26.67% and 37.45% on a yearly basis. The pair of FLOW/BTC is at 0.0000191 BTC, and the market cap is $1.39 Billion. Analysts are neutral and suggest that the FLOW price may slide soon and may retest the support zone of $1.20 shortly.</p>
<h2 class="wp-block-heading" id="strong-flow-on-daily-charts-suggesting-trend-reversal-ahead-strong"><strong>FLOW On Daily Charts Suggesting Trend Reversal Ahead</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), Volume (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=file-coin&amp;pt=FIL&amp;df=2023-09-30T18%3A29%3A59.742Z&amp;dt=2024-03-30T18%3A29%3A59.742Z&amp;sat=shchcfg_XF-UO0z7Squ8&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bflow%3BFLOW%5D%3B%5B1%3Bvolume_usd%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%2C%22node%22%3A%22candle%22%7D%3B" scrolling="no"></iframe>
<p>The above data showcased that the coin <a href="https://www.thecoinrepublic.com/2024/03/29/ladys-price-hovers-near-20-day-ema-is-any-correction-pending/" target="_blank" rel="noopener noreferrer nofollow">price</a> has failed to extend the gains and is hovering near the trendline support zone, which, if it breaks, a possible retracement move toward $1.20 can be seen. The sellers have also entered the game, made fresh short positions, and are keen to push the coin toward the 100-day EMA mark. The intraday trading volume slipped over 13.90% to $68.37 million.</p>
<h3 class="wp-block-heading" id="strong-price-volatility-and-sentiment-analysis-strong"><strong>Price Volatility and Sentiment Analysis</strong></h3> <iframe loading="lazy" title="Santiment Chart: Price Volatility 1d (FLOW), Weighted sentiment (Total) (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=file-coin&amp;pt=FIL&amp;df=2023-09-30T18%3A29%3A59.742Z&amp;dt=2024-03-30T18%3A29%3A59.742Z&amp;sat=shchcfg_XF-UO0z7Squ8&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_volatility_1d%3Bflow%3BFLOW%5D%3B%5B1%3Bsentiment_volume_consumed_total%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Per the Santiment data, the price volatility noted a decline of over 23%&nbsp; and reached 0.072. Similarly, the total weighted sentiment value witnessed a sharp decline, and the value reverted to a negative region, noting around -0.895, implying a negative outlook.</p>
<h3 class="wp-block-heading" id="strong-social-dominance-and-twitter-follower-outlook-strong"><strong>Social Dominance and Twitter Follower Outlook</strong></h3> <iframe loading="lazy" title="Santiment Chart: Social Dominance (FLOW), Twitter Followers 7d (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=file-coin&amp;pt=FIL&amp;df=2023-09-30T18%3A29%3A59.742Z&amp;dt=2024-03-30T18%3A29%3A59.742Z&amp;sat=shchcfg_XF-UO0z7Squ8&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bflow%3BFLOW%5D%3B%5B1%3Btwitter_followers_7d%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>Amidst the price retracement, the social dominance value noted a bounce, around 0.373%, and a positive outlook was noted. Similarly, the number of Twitter followers rose to 1340, a gain of over 29% this month noted.</p>
<h4 class="wp-block-heading"><strong>Development Activity and Open Interest Overview</strong></h4> <iframe loading="lazy" title="Santiment Chart: Development Activity (FLOW), Total Open Interest in USD (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=file-coin&amp;pt=FIL&amp;df=2023-09-30T18%3A29%3A59.742Z&amp;dt=2024-03-30T18%3A29%3A59.742Z&amp;sat=shchcfg_XF-UO0z7Squ8&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bdev_activity%3Bflow%3BFLOW%5D%3B%5B1%3Btotal_open_interest%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%2C%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe>
<p>The development activity noted a decline of over 11% to 201, revealing a neutral outlook. However, the derivative data signifies a short buildup activity, and the open interest surged over 1.89% to $24.88 million.</p>
<p>Per the Fib retracement levels, the FLOW coin has sustained above the 38.2% zone. The RSI curve stayed near the midline, forming a negative crossover on the charts.</p>
<p>The total supply of the FLOW coin is 1.46 billion, and the volume-to-market cap ratio is 0.0494. FLOW coin ranked 84th in the global crypto market per the market cap.</p>
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3>
<p>The FLOW coin signifies a retracement move and has slipped to the 20-day EMA mark, suggesting a possible correction ahead. Moreover, the price action signifies a change; a fresh lower high formation was noted, which indicates a trend reversal.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p><strong>Support Levels:</strong> $1.20 and $1.0</p>
<p><strong>Resistance Levels:</strong> $1.50 and $1.80</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>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.&nbsp;</p>

FLOW Near Trendline Support: What’s Next, Rebound or Retarcement?

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Thecoinrepublic.com

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