In this Flow technical analysis, we will examine the current price action, trading volume, key levels and indicators for FLOW-USDT. Flow is a decentralized platform that enables the creation and exchange of digital assets, empowering creators to monetize their content and communities directly. With its innovative token-curated registries (TCRs), Flow provides a robust framework for community governance and decision-making, ensuring that the most valuable and relevant content rises to the top. By leveraging blockchain technology and smart contracts, Flow is revolutionizing the way we interact with digital assets, creating a more open, transparent, and rewarding ecosystem for all participants.
Flow Price Overview:
As of May 08, 2024, Flow is trading at approximately 0.897 USDT. Let’s dive into the detailed price action for FLOW-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.875 |
| High (H) | 0.917 |
| Low (L) | 0.861 |
| Close (C) | 0.897 |
| Volume (C) | 4,024,349.86 |
- Open (O): The opening price for today’s trading session was approximately 0.875 USDT.
- High (H): Flow reached a daily high of around 0.917 USDT.
- Low (L): The daily low for FLOW-USDT was approximately 0.861 USDT.
- Close (C): At the time of analysis, Flow is trading near its daily close of 0.897 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 2.40% |
| 3D Change (%) | -1.86% |
| 7D Change (%) | 5.16% |
| 30D Change (%) | -31.68% |
| 90D Change (%) | 13.26% |
| YTD Change (%) | -1.54% |
Over the past three days, FLOWUSDT has dropped by approximately -1.86%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 5.16%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with FLOWUSDT maintaining a downward trend of approximately -31.68%, despite intermittent fluctuations. Examining the last 90 days, FLOWUSDT has witnessed substantial rise of approximately 13.26%, reflecting strong long-term confidence. Year-to-date, FLOWUSDT has steadily dropped by around -1.54%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Flow Live Chart:
You can access a live price chart for FLOW-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 0.46668.
- Momentum score is 0.06028.
FLOW USDT Technical Analysis
Flow Trading Volume:
The trading volume for Flow (FLOW) over the past 24 hours has been insignificant, with approximately 4,024,349.86 USDT traded against FLOW. 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): FLOW is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Flow is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for FLOW-USDT is currently in the low zone, around 44.08017. This suggests that Flow is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Flow (FLOW-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 low RSI and insignificant trading volume are low signals for potential downward movement.
Navigate challenges in realm of Flow (FLOWUSDT) at 8.97e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.
Missing our detailed breakdown on FLOW BTC Flow Technical Analysis would be a lost opportunity if you found value in 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.