In this Flamingo Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FLM-BTC. Flamingo Finance (FLM) is a decentralized finance (DeFi) platform that utilizes blockchain technology to provide users with a wide range of financial services. FLM’s innovative features include lending, borrowing, and staking, all of which are designed to be secure, transparent, and accessible to everyone. With its user-friendly interface and cutting-edge architecture, Flamingo Finance is poised to revolutionize the world of DeFi.
Flamingo Finance Price Overview:
As of December 05, 2023, Flamingo Finance is trading at approximately 0.0 BTC. Let’s dive into the detailed price action for FLM-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.0 |
| High (H) | 0.0 |
| Low (L) | 0.0 |
| Close (C) | 0.0 |
| Volume (C) | 581,353.00 |
- Open (O): The opening price for today’s trading session was approximately 0.0 BTC.
- High (H): Flamingo Finance reached a daily high of around 0.0 BTC.
- Low (L): The daily low for FLM-BTC was approximately 0.0 BTC.
- Close (C): At the time of analysis, Flamingo Finance is trading near its daily close of 0.0 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -0.92% |
| 3D Change (%) | -5.29% |
| 7D Change (%) | -3.59% |
| 30D Change (%) | -17.94% |
| 90D Change (%) | -31.96% |
| YTD Change (%) | -49.41% |
Over the past three days, FLMBTC has declined by approximately -5.29%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.59%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLMBTC maintaining a downward trend of approximately -17.94%, despite intermittent fluctuations. Examining the last 90 days, FLMBTC has witnessed substantial decline of approximately -31.96%, reflecting strong long-term confidence. Year-to-date, FLMBTC has steadily decreased by around -49.41%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Flamingo Finance Live Chart:
You can access a live price chart for FLM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.47506.
- Momentum score is -0.17939.
FLM BTC Technical Analysis
Flamingo Finance Trading Volume:
The trading volume for Flamingo Finance (FLM) over the past 24 hours has been significant, with approximately 581,353.00 BTC traded against FLM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): FLM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Flamingo Finance is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FLM-BTC is currently in the low zone, around 44.98168. This suggests that Flamingo Finance is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Flamingo Finance (FLM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Explore Flamingo Finance’s (FLMBTC) potential challenges at 2.15e-06 BTC as technical analysis leans bearish, emphasizing weakened support and cautionary indicators.
Discover even more by checking out our comprehensive analysis on FLM USDT Flamingo Finance Technical Analysis — a perfect follow-up if you enjoyed this post.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.