Flow

2024

April

Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>At press time, the Flow crypto traded close to $1.004, recording a swift intraday loss of 1.43%.&nbsp;</a></li>
 <li><span>2</span> <a>The daily chart shows a consolidation breakdown near the 50-day exponential moving average.&nbsp;</a></li>
</ul>
<p>The Flow crypto met with a fresh supply on Friday and made a breakdown of the weekly low value. The selling pressure resumed on Saturday and extended its steady intraday descent in intraday.</p>
<p>When writing, the FLOW cryptocurrency hovered close to 1.004 USD, reporting a negative intraday development of 1.43%. The recent breakdown has dragged the price near the 200-day EMA.&nbsp;</p>
<p>The recent breakdown has shifted the short-term trend towards a correction phase. However, the long-term trend still lies on the positive side. The price seems to have stuck between the 50-day and 200-day EMA.&nbsp;</p>
<p>The breakout or breakdown on either side may indicate a clear trend in the crypto. The breakout above the 50-day EMA may suggest a short-term shift to the bullish side, and the crypto resumes toward the higher swings.&nbsp;</p>
<p>Whereas the breakdown below the 200-day EMA may indicate a trend reversal towards the bearish side, and the crypto may resume with further fall.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-flow-crypto-volume-analysis-strong"><strong>Flow Crypto Volume Analysis</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), Volume (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2333bd5d%3B%238192db&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<p>The volume analysis shows that Flow crypto received nearly $126.40 Million volume inflow in the last 24 hours, which is almost 96% higher than the previous day’s volume. The live market capitalization of FLOW is 1.498 Billion USD and ranks 60th in the overall crypto market.&nbsp;</p>
<p>The volume-to-market capitalization ratio is 8.45%, suggesting mild volatility in the crypto. It has 1.50 billion FLOW tokens in the circulating supply, which is also the total supply of the crypto.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-flow-crypto-development-activity-insights-strong"><strong>Flow Crypto Development Activity Insights.</strong></h2> <iframe loading="lazy" title="Santiment Chart: Development Activity (FLOW), Dev. Activity Contributors Count (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=dev_activity%3Bdev_activity_contributors_count&amp;wax=0%3B1&amp;wc=%238358FF%3B%23FF5B5B&amp;ws=%7B%22transform%22%3A%7B%22type%22%3A%22moving_average%22%2C%22movingAverageBase%22%3A42%7D%7D%3B" scrolling="no"></iframe>
<p>The development activity and developer activity contributors count indicates the recent updates and changes undergoing in the FLOW cryptocurrency. A closer look at the charts shows that the development activity curve witnessed a positive trajectory from January to the end of February.&nbsp;</p>
<p>The number of developers’ activity contributors was 15 in the last weeks of February. However, the number of developer activity contributors has dropped to 10 at the present time.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-imply-a-bearish-outlook-strong"><strong>Technical Indicators Imply A Bearish Outlook&nbsp;</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), RSI 1d (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2023-12-01T00%3A00%3A00.000Z&amp;dt=2024-03-22T18%3A29%3A59.514Z&amp;sat=shchcfg_0fkcqXWOckcn&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Brsi_1d&amp;wax=0%3B1&amp;wc=%23317945%3B%234f60ce&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22__appliedInterval%22%3Atrue%2C%22interval%22%3A%221d%22%2C%22node%22%3A%22area%22%7D" scrolling="no"></iframe>
<p>From a technical point of view, the FLOW cryptocurrency has turned bears in the short term. Recently, the <a href="https://www.thecoinrepublic.com/2024/04/10/pancakeswap-price-prediction-where-will-cake-price-move-next/" target="_blank" rel="noopener noreferrer nofollow">price </a>broke below the 20 and 50-day EMA, thus shifting its trend to a bearish mode. However, the long-term trend outlook still favors the bullish side above the 200-day EMA.&nbsp;</p>
<p>When writing, the RSI line was placed close to 33.59 points, and that of the SMA line was placed at 45.21 points. Both the lines were placed below the mean line, suggesting a bearish outlook in the short term. Also, a bearish crossover was observed on the charts, which adds confirmation to it.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-flow-crypto-price-prediction-april-2024-strong"><strong>Flow Crypto Price Prediction April 2024</strong></h3>
<p>The Flow crypto price prediction for April 2024 shows that the crypto may advance to a high of $1.46 if buyers can hold the price above the 200-day exponential moving average. At the same time, the less optimistic analysts estimate a price target of $0.697 on the lower side after the breakdown below the 200-day EMA.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>The FLOW cryptocurrency is experiencing a downturn, trading near $1.004 with a 1.43% drop in Intraday today. A recent sell-off pushed the price to the 200-day EMA, signaling a short-term correction. However, The long-term trend still lies on the positive side. The price is currently trapped between the 50-day EMA on the higher side and the 200-day EMA on the lower side.&nbsp;</p>
<p>A breakout above the 50-day EMA could turn the short-term trend bullish, while a fall below the 200-day EMA may lead to a bearish reversal. Technical indicators like the RSI and SMA are below the mean line, reinforcing the short-term bearish sentiment.</p>
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4>
<ul>
 <li>Support levels: $0.976 and $0.697</li>
 <li>Resistance levels: $1.464 and $1.690</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

Flow Crypto Has Depicted a Huge Drop; Can It Take a U-Turn Next?

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Thecoinrepublic.com

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