Flow

Token

<p class="p1" style="text-align: justify">One of the biggest news topics that concerns long-term investors and daily traders is undoubtedly token unlocks. <a href="https://en.coin-turk.com/shiba-inu-prepares-for-new-developments-shibarium-on-the-horizon/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Token</a> unlocks are a precaution used to stabilize the supply and demand balance of a created crypto asset. There will be important token unlocks next week that closely affect the cryptocurrency <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">market</a>, with a total value of $43.95 million. However, in this article, we will examine the token unlock of <strong>FLOW</strong>, the native token of the Flow ecosystem.</p>
<h2 class="p1" style="text-align: justify" id="last-hours-for-flow-token-unlock">Last Hours for Flow Token Unlock</h2>
<p class="p1" style="text-align: justify">According to the token unlock data shared by <b>Token Unlocks</b>, there will be a token unlock worth $43.95 million in the cryptocurrency market this week. FLOW, the native token of the developer-friendly Flow ecosystem, which is based on next-generation games, applications, and entertainment sector, will release tokens worth $1.78 million with the token unlock event scheduled for tomorrow.</p>
<p class="p1" style="text-align: justify">The amount of tokens to be unlocked in the event, which will take place tomorrow (November 16) at 03:00 in the morning, corresponds to 0.18% of the total supply of FLOW tokens. While investors eagerly await the event, FLOW token is currently trading at $0.684.</p>
<h2 class="p1" style="text-align: justify" id="flow-chart-analysis">Flow Chart Analysis</h2>
<p class="p1" style="text-align: justify">The first notable formation on the four-hour chart of Flow is the ascending channel formation. Although the resistance breakout on November 12th was noteworthy, this move remained only as a bull trap. The fact that the support level worked in three tests during the price correction is an important factor for FLOW to experience a bullish momentum.</p>
<p class="p1" style="text-align: justify">The important support levels to be noted for FLOW are respectively; $0.673, $0.659, and $0.636. Especially, a close below the $0.636 level could pull the FLOW price towards the formation support line and cause it to lose its upward momentum.</p>
<p class="p1" style="text-align: justify">The important resistance levels to be followed for FLOW are respectively; $0.696, $0.710, and $0.729. Especially, a four-hour bar closing above the $0.729 level will contribute to the upward breakout of the ascending channel formation and help FLOW gain momentum.</p>
<p><img decoding="async" class="aligncenter wp-image-276736 size-full" src="https://coin-turk.com/wp-content/uploads/2023/11/flow-graik-analizi.png" alt="" width="2334" height="1106"></p> Continue Reading: <a href="https://en.coin-turk.com/flow-token-unlock-analysis-a-closer-look-at-the-flow-ecosystems-native-token/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/flow-token-unlock-analysis-a-closer-look-at-the-flow-ecosystems-native-token/</a>

Flow Token Unlock Analysis: A Closer Look at the Flow Ecosystem’s Native Token

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