Widespread technical selling and support breakdown — Flow plunges 20.45%
Flow (FLOW) is trading sharply below its MA-20 ($0.0525), MA-50 ($0.0764), and MA-200 ($0.2538) moving averages, underscoring strong downward pressure over short-, medium-, and long-term horizons. The session opened with a gap down and FLOW has declined by 20.45%, holding near today’s low within the $0.0386 – $0.04 range.
Highlights
- Flow and HTX have fully restored FLOW services after resolving a security incident, confirming all user assets remain secure.
- The Flow blockchain has surpassed 40 million users and processed over 950 million transactions, demonstrating robust and ongoing consumer adoption.
- FLOW trades sharply below its MA-20 ($0.0525), MA-50 ($0.0764), and MA-200 ($0.2538), with technical signals pointing to persistent bearish momentum and high selling pressure.
Asset security and platform recovery drive renewed user confidence
Flow and HTX have resumed full FLOW services following the resolution of a previous security issue, with both confirming that all user assets are secure. The Flow blockchain continues to achieve strong consumer adoption, recording over 40 million users and more than 950 million transactions. This event highlights HTX's emphasis on asset safety, effective risk management, and ongoing collaboration with Flow.
Oversold momentum persists as technical resistance limits rebound
Momentum indicators remain negative for FLOW: the MACD and ADX point to sustained selling pressure. Momentum gauges such as RSI (27.3), Stochastic RSI, and CCI all confirm that FLOW is heavily oversold, with sellers dominating the market as reflected by Bull/Bear Power. The Awesome Oscillator is neutral, providing no support for a reversal. The Ichimoku Kijun level at $0.0604 marks the nearest dynamic resistance, with current price significantly below all major trend indicators.Bearish outlook prevails as downside risk outweighs rebound chances
Looking ahead to the next five sessions, typical volatility sets the price range between $0.0345 and $0.0425. There is a very low likelihood (less than 20%) of a sustained price rebound, while further declines remain more probable. The baseline forecast sees FLOW consolidating sideways within this volatility band. A close above the $0.0604 Ichimoku resistance could spark a short-term rebound, but a break below $0.0345 may trigger additional losses, leaving the overall technical outlook firmly bearish.- Forex
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