Flow (FLOW) is trading at $0.24, remaining below the MA-20 at $0.2620, MA-50 at $0.2852, and MA-200 at $0.3588. This confirms sellers' dominance in the short, medium, and long term, with the price currently positioned under notable moving average resistance.
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Bearish momentum firm as dynamic resistance and volatility intensify
FLOW faces dynamic resistance at Ichimoku's Kijun ($0.2620) and support near today's low ($0.233). Momentum signals remain bearish—MACD indicates a strong sell, ADX confirms a firm downtrend, and both RSI and Stoch RSI show the price is not yet deeply oversold. CCI is neutral, while BBP suggests buyer activity is very weak, reinforcing the dominance of sellers. A moderate gap down from the previous close ($0.277) to the open ($0.256) has led to high volatility and strong intraday selling pressure.
Previously it was noted that the probability of further price increase is very low — less than 20% according to analysts. Last time we reported that momentum signals were mixed as intraday buyers faced a strong bearish trend.
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