Will FLOW break $0.0342 resistance amid continued bullish pressure?

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Flow jumps 8.25% to $0.0321 today

Highlights

FLOW/USD trades above key moving averages, confirming a bullish short- and medium-term structure with intact long-term support.
Momentum indicators such as MACD and ADX confirm strong upward movement, but overbought readings suggest room for a pullback or slower gains.
Expected trading range for the next 2 to 3 days is $0.03 to $0.0342, with high volatility and a greater probability of an upside move.

Technical momentum accelerates as indicators signal overbought risk

On the hourly chart, FLOW trades above the MA-20 ($0.0312) and MA-50 ($0.0313) levels, and also remains above the MA-200 ($0.0311) on the daily timeframe. The Ichimoku Kijun at $0.0311 serves as immediate support. Bullish momentum is observed, with both MACD and ADX indicating upward pressure. RSI stands at 63.12, while Stoch RSI and CCI remain in overbought territory, hinting at the likelihood of a near-term pullback or a moderation in upside pace. Intraday, Bull/Bear Power is firmly in favor of buyers and the Awesome Oscillator confirms this momentum, reflecting strong buyer dominance.

Range-bound outlook as volatility defines breakout scenarios

Over the next 2–3 trading days, the expected price range is $0.03 to $0.0342, reflecting the prevailing volatility band relative to current levels. The baseline scenario envisions consolidation within this interval. A bullish move could see a breakout above resistance toward the upper band near $0.0342, while a dip below the $0.0311 support would signal a shift toward lower price targets.

Anton Kharitonov, expert at Traders Union, sees FLOW sustaining strong technical momentum above key moving averages and key support levels. However, he remains cautious as momentum indicators are firmly overbought, and no positive news or catalysts have emerged to support further upside. His baseline scenario favors consolidation with a possible pullback if support at $0.0311 fails. "With momentum stretched and news flow absent, I prefer to wait for clear confirmation before engaging in new trades."

Earlier, analysts noted that Flow was experiencing sustained technical weakness with continued downside momentum. The current upward move represents a decisive shift, highlighting $0.0311 as a key support level—any sustained move below this threshold could reintroduce downside risks in the near term.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.