What is behind Flow price recent drop in value today
Flow (FLOW) trades at $0.0359, down 10.03% on the day and remains below key moving averages: MA-20 ($0.0427), MA-50 ($0.0447), and MA-200 ($0.1990). This positioning signals persistent selling pressure across all timeframes.
Highlights
- Major Korean exchanges Upbit, Bithumb, and Coinone delisted FLOW after a court upheld the removal decision.
- The Flow foundation plans to stay in Korea, pursue new Asia-Pacific listings, and explore a partnership with Korbit.
- FLOW remains under heavy selling pressure, with high volatility and a five-day target range of $0.0554–$0.0605, making further declines likely.
Exchange delistings accelerate outflows despite foundation's contingency plans
South Korea's largest cryptocurrency exchanges — Upbit, Bithumb, and Coinone — proceeded with the delisting of Flow after a South Korean court upheld the removal. The Flow foundation stated it will not withdraw from the Korean market and is pursuing contingency measures, such as exploring new exchange listings in the Asia-Pacific region and considering a partnership with Korbit. Flow was also referenced in market coverage for its structured development approach and increased interest from institutional investors, though price action has remained under broader selling pressure.
Weak support and mixed momentum as volatility surges amid selloff
FLOW trades at $0.0359, below the MA-20 ($0.0427), MA-50 ($0.0447), and well under the MA-200 ($0.1990), which signals persistent selling pressure across all timeframes. The nearest dynamic support and resistance come from the Ichimoku kijun at $0.0540 above, while downside levels come from recent lows, indicating little structural support in the immediate range. Momentum signals are mixed: D1 MACD points to strong upside divergence, while D1 ADX sits at a moderately strong value but with conflicting buy/sell cues across timeframes. D1 RSI falls below 45, while Stoch RSI and CCI readings are either in or near oversold territory, highlighting a broad lack of buyer interest. BBP confirms sellers dominating intraday action, which is further supported by a sharp daily drop — FLOW is currently down 10.03% after opening with no significant gap and now sits near today's session low. Intraday volatility remains high, and renewed pressure after the open suggests downside momentum persists despite some divergence in oscillator readings.
Earlier, analysts noted that Flow was under sustained bearish momentum, driven by persistent technical weakness and negative market developments. The latest decline and continued dominance of sellers underscore an ongoing downside risk, making it critical for investors to monitor for any shift in institutional activity or unexpected demand as potential inflection points.
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