Flow drops 7.41% as downside momentum persists on negative technical signals
Flow (FLOW) is trading well below its MA-20 ($0.2152), MA-50 ($0.2402), and MA-200 ($0.3337), confirming persistent bearish pressure across short-, medium-, and long-term timeframes. The current price slipped 7.41% to $0.175 today, with high intraday volatility and closing near the day’s low, further highlighting ongoing heavy downside pressure.
Highlights
- FLOW dropped 7.41% to $0.175 today, closing near the day’s low with heightened intraday volatility and ongoing bearish momentum.
- Technical indicators confirm a strong downtrend, with FLOW trading well below its MA-20 ($0.2152), MA-50 ($0.2402), and MA-200 ($0.3337), and both MACD and ADX signaling sustained negative momentum.
- The next five sessions are expected to see FLOW range between $0.1630 and $0.1830, with over 80% probability of further downside and limited rebound potential unless $0.2200 is reclaimed.
Downtrend confirmed as resistance holds and momentum remains negative
The nearest dynamic resistance sits at the Kijun level ($0.2200) on the daily Ichimoku, while no visible nearby support is present from the indicators. Momentum signals remain decisively negative, with both MACD and ADX confirming a downtrend is in place. Oversold readings from the RSI (28.94), Stoch RSI, and CCI indicate the market is stretched on the downside, and BBP suggests sellers continue to dominate intraday momentum.
Further losses likely as support weakens and downside signals intensify
In the coming five sessions, the expected trading range is $0.1630 to $0.1830, with the probability of further declines being very high (more than 80%) and little chance of a rebound. The baseline scenario anticipates price action remaining in a consolidation corridor, while a bullish move would require reclaiming $0.2200 to signal reversal potential. The bearish scenario could see the price pushing toward the $0.1630 area or lower if momentum persists, as strong negative signals on the daily and weekly charts point to continued downside risk.
Previously it was reported that FLOW is trading below all major moving averages with persistent seller dominance, while momentum and oscillators—including negative MACD, low RSI, and oversold Stochastic RSI—reaffirm strong bearish sentiment. Immediate resistance is indicated by the Ichimoku Kijun with no notable support nearby, and technical factors collectively suggest a high probability of further downside and limited potential for a sustained rebound.
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