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 platform that enables users to access financial services such as lending, borrowing, and trading without the need for traditional financial intermediaries. FLM utilizes blockchain technology to provide secure, transparent, and efficient financial transactions, allowing users to have full control over their assets. With Flamingo Finance, users can enjoy a wide range of financial services that are both accessible and affordable.
Flamingo Finance Price Overview:
As of October 02, 2023, Flamingo Finance is trading at approximately 0.0797 USDT. Let’s dive into the detailed price action for FLM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.084 |
| High (H) | 0.0843 |
| Low (L) | 0.078 |
| Close (C) | 0.0797 |
| Volume (C) | 38,503,211.00 |
- Open (O): The opening price for today’s trading session was approximately 0.084 USDT.
- High (H): Flamingo Finance reached a daily high of around 0.0843 USDT.
- Low (L): The daily low for FLM-USDT was approximately 0.078 USDT.
- Close (C): At the time of analysis, Flamingo Finance is trading near its daily close of 0.0797 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -5.01% |
| 3D Change (%) | -0.87% |
| 7D Change (%) | -1.48% |
| 30D Change (%) | 48.69% |
| 90D Change (%) | 17.55% |
| YTD Change (%) | 13.21% |
Over the past three days, FLMUSDT has decreased by approximately -0.87%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -1.48%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLMUSDT maintaining an upward trend of approximately 48.69%, despite intermittent fluctuations. Examining the last 90 days, FLMUSDT has witnessed substantial rise of approximately 17.55%, reflecting strong long-term confidence. Year-to-date, FLMUSDT has steadily appreciated by around 13.21%, 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 2.62267.
- Momentum score is 0.48694.
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 38,503,211.00 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): Flamingo Finance is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FLM-USDT is currently in the neutral zone, around 50.42274. 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 bullish 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.
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.
