Flow climbs today: Key reasons behind the rally

Traders Union
All News
Crypto News
Flow surges 13.48% today to $0.048

Highlights

Flow Network has surpassed 40 million unique user accounts and processed over 950 million transactions, reflecting substantial adoption and usage growth.
Major platforms such as NBA Top Shot, NFL ALL DAY, Disney Pinnacle, and Ticketmaster rely on Flow as foundational blockchain infrastructure for digital collectibles.
FLOW trades at $0.048 below all major moving averages, with no nearby dynamic support and strong bearish momentum; consolidation between $0.038–$0.052 is expected short term.

User growth accelerates as Flow strengthens ties with major platforms

Flow Network recently surpassed 40 million unique user accounts and processed over 950 million transactions. The layer-one blockchain is cementing its role as foundational infrastructure for major consumer platforms including NBA Top Shot, NFL ALL DAY, Disney Pinnacle, and Ticketmaster's digital collectible programs. These milestones signal notable growth in user adoption and transaction activity on the Flow network.

Anton Kharitonov, expert at Traders Union, believes Flow's sustained trading below moving averages underlines a persistent downtrend. He views the lack of dynamic support, negative momentum signals, and oversold conditions as signs of prolonged bearish control. Kharitonov notes that increasing user adoption has yet to translate into price strength, suggesting sentiment and technicals remain disconnected. He is cautious of further downside if sellers break the $0.038 level. "Until decisive buyers return and key resistances fall, I expect further price attrition for FLOW under current market pressure."

Viktoras Karapetjanc, expert at Traders Union, sees Flow's network milestones and expanded user base as laying the groundwork for future price appreciation. He focuses on strong fundamentals, citing traction with leading consumer brands and a growing ecosystem. Karapetjanc believes these developments enhance Flow’s long-term potential, despite near-term bearishness. He remains confident that adoption sparks future demand-side dynamics. "With robust fundamentals in play, I believe the setup for FLOW remains attractive for long-term participants."

Oversold momentum persists amid lack of strong dynamic support

The nearest dynamic resistance level sits at the Ichimoku Kijun around $0.0661, and there is currently no significant dynamic support nearby. Daily momentum indicators reflect weak demand, as MACD signals strong bearishness and ADX confirms a pronounced downtrend. Oversold readings dominate the picture, with RSI at 17.56, Stoch RSI at 18.4, and CCI at -144, while BBP remains negative. Sellers continue to control intraday price action and the Awesome Oscillator supports the prevailing bearish bias.

Previously it was reported that Flow is trading well below all major moving averages with strong downside momentum, entrenched below resistance at the Ichimoku Kijun amid heavy selling pressure and high volatility. Key oscillators including RSI and MACD remain deeply oversold, suggesting a potential for technical consolidation or a minor bounce, but the overall trend and absence of support indicate that downside risks persist.

Source of Data: FLOW Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.