FLM USDT Flamingo Finance Technical Analysis

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By Frans van Elst

Flamingo Finance logo In this Flamingo Finance technical analysis, we will examine the current price action, trading volume, key levels and indicators for FLM-USDT. Flamingo Finance (FLM) is a decentralized finance (DeFi) platform that enables users to access a wide range of financial services on the blockchain. FLM’s innovative features include lending, borrowing, and yield farming, all of which are designed to provide users with more control over their financial assets. By leveraging smart contract technology, Flamingo Finance aims to create a more transparent and secure financial ecosystem for all users.

Flamingo Finance Price Overview:

As of April 20, 2024, Flamingo Finance is trading at approximately 0.103 USDT. Let’s dive into the detailed price action for FLM-USDT:

Assess Flamingo Finance’s (FLMUSDT) risks at 1.03e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.0953
High (H) 0.104
Low (L) 0.0942
Close (C) 0.103
Volume (C) 25,635,936.00
  • Open (O): The opening price for today’s trading session was approximately 0.0953 USDT.
  • High (H): Flamingo Finance reached a daily high of around 0.104 USDT.
  • Low (L): The daily low for FLM-USDT was approximately 0.0942 USDT.
  • Close (C): At the time of analysis, Flamingo Finance is trading near its daily close of 0.103 USDT.
Metric Value
1D Change (%) 7.97%
3D Change (%) 17.45%
7D Change (%) 11.96%
30D Change (%) -15.02%
90D Change (%) 27.79%
YTD Change (%) 6.63%

Over the past three days, FLMUSDT has risen by approximately 17.45%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 11.96%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLMUSDT maintaining a downward trend of approximately -15.02%, despite intermittent fluctuations. Examining the last 90 days, FLMUSDT has witnessed substantial increase of approximately 27.79%, reflecting strong long-term confidence. Year-to-date, FLMUSDT has steadily increased by around 6.63%, 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-USDT 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 1.65912.
  • Momentum score is -0.19152.

FLM USDT Technical Analysis

Flamingo Finance Trading Volume:

The trading volume for Flamingo Finance (FLM) over the past 24 hours has been insignificant, with approximately 25,635,936.00 USDT 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-USDT is currently in the neutral zone, around 47.84136. This suggests that Flamingo Finance is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Flamingo Finance (FLM-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Assess Flamingo Finance’s (FLMUSDT) risks at 1.03e-01 USDT with bearish technical analysis, highlighting weakened support and cautionary indicators.

Dive into the details with our in-depth analysis on FLM BTC Flamingo Finance Technical Analysis; you won’t want to miss it if you found this post interesting.

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.

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