What triggered Flow latest price pullback

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Flow slides 10.79% today to $0.0372

Highlights

FLOW trades at $0.0372, below the MA-20 ($0.0402), MA-50 ($0.0574), and MA-200 ($0.2287), confirming persistent bearish pressure across all timeframes.
Momentum remains decisively bearish, with daily and weekly MACD in strong sell mode, ADX signaling a powerful downtrend, and RSI deeply oversold.
Anticipated trading range for FLOW next week is $0.0218 to $0.0266, with probability of a price increase below 20% and little technical support below $0.0218.

Anton Kharitonov, expert at Traders Union, finds FLOW's technical setup highly unfavorable. He notes the persistent sell-off below all key moving averages as a sign of deep weakness. Kharitonov highlights that every major indicator, from the MACD to the RSI, underscores selling pressure and bearish momentum. The lack of significant news only intensifies the pessimistic outlook. He concludes, "With this sustained downside and no positive catalysts, I see little reason to expect a reversal in the coming sessions."

Viktoras Karapetjanc, expert at Traders Union, believes the current environment presents opportunities for patient investors. He sees oversold conditions on the RSI and Stoch RSI as potential setups for a rebound if sentiment shifts. Despite the lack of relevant news, Karapetjanc maintains that sideways action could offer entry points for future gains. He adds, "Further growth is possible should buyers regain confidence and the market structure stabilize."

Bearish momentum accelerates as oversold signals and volatility persist

Momentum signals remain decisively bearish, as both the daily and weekly MACD display strong sell signals and the ADX confirms a robust downtrend. The RSI sits in the low 30s on the daily and even lower on the weekly chart, indicating persistent oversold conditions, while the Stoch RSI is maxed out at overbought levels following sharp recent declines. The CCI appears neutral but is drifting negative, and the BBP highlights continued intraday selling strength. There is no notable price gap between the previous close ($0.0417) and today's open ($0.0384), though the asset currently trades near the session low, pointing to sustained volatility and intraday pressure.

Last time, analysts noted that Flow (FLOW) saw a strong intraday rally but remains below key moving averages, with the price positioning just beneath the MA-20 and well under both MA-50 and MA-200, highlighting persistent bearish pressure across timeframes. Despite short-term buy signals, negative momentum persists as evidenced by weak MACD, ADX, and RSI readings, while resistance at the Ichimoku Kijun line limits upside amid volatile price action.

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

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