2024

bullish

Million

Coin

<p>Even though the market is kind of sluggish at press time, <a href="https://www.thecoinrepublic.com/price-prediction/flow/">FLOW</a> has performed relatively well this week.</p> 
<p><strong>FLOW </strong>was trading at $0.677 at the press time, down by 1.20%. Its trading volume saw an increase of over 48% to $52.16 Million in the past 24 hours.</p> 
<p><strong>FLOW </strong>was traded in a downtrend, and underperformance was witnessed. It lost more than 50% of its gains in the past three months. It continued to drag inside a falling channel and was trading below the 100-day and 200-day EMAs.</p> 
<p>Notably, recent accumulation led the token to climb above the 20-day and 50-day EMA levels. Still, the cluster of $0.800 was in the eyesight of investors. Above the given mark, a significant reversal and potential upmove toward the $1 mark can be seen ahead.</p> 
<p>Near the downside mark of $0.470, it made a 52-week low and recuperated from there. This month, it has exhibited a vertical recovery and surged over 30%, delivering the buying pressure.</p> 
<p>Meanwhile, the buyers have put their vision on the falling trendline hurdle. They were looking to escape it for a significant trend reversal at the time of writing.&nbsp;</p> 
<p>Despite the market’s choppy movements, <strong>FLOW </strong>witnessed a slow &amp; steady reversal and is poised for a massive upmove.</p> 
<h2 class="wp-block-heading" id="h-flow-price-edges-closer-to-breakout-can-bulls-make-it"><strong>FLOW Price Edges Closer to Breakout: Can Bulls Make It?</strong></h2> 
<p>This week, <strong>FLOW price </strong>recovered over 18% and crossed the 20-day EMA hurdle, gaining significant strength. On the daily chart, it made a rounding bottom formation and was set to go higher.</p> 
<p>Bulls must cross the $0.750 mark to exhibit a breakout and could sprint toward the $1 mark in the short term.</p> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), Volume (FLOW)" width="800" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2024-01-31T18%3A29%3A59.860Z&amp;dt=2024-07-31T18%3A29%3A59.860Z&amp;emcg=1&amp;emhwm=1&amp;wm=price_usd%3Bvolume_usd&amp;wax=0%3B1&amp;wc=%2326C953%3B%23D2D6E7&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B" scrolling="no"></iframe> 
<p>@CryptoMutant, in his tweet, mentioned that <strong>FLOW </strong>has escaped out of the falling channel and is set to go higher.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">On 1D TF, <a href="https://twitter.com/search?q=%24FLOW&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$FLOW</a> is confirming a Breakout.<br><br>Expect a Bullish Wave!<br><br>This gem has strong Fundamentals, and now Technicals are also aligned with it.<br><br>Ride it along <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>NFA <a href="https://t.co/BSg44KrRPh">pic.twitter.com/BSg44KrRPh</a></p>— CryptoMutant (@CryptoMutant) <a href="https://twitter.com/CryptoMutant/status/1818175834399625591?ref_src=twsrc%5Etfw">July 30, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<p>The RSI curve showed a vertical upmove and lifted to the overbought zone, noted around 60, conveying the bullish outlook.</p> 
<h2 class="wp-block-heading" id="h-social-metrics-highlighted-a-surge"><strong>Social Metrics Highlighted a Surge</strong></h2> 
<p>Following the price recovery, the weighted sentiment data witnessed a significant bounce and jumped by over 12%. It reached a positive trajectory, implying a shift in the market sentiments.</p> <iframe loading="lazy" title="Santiment Chart: Weighted sentiment (Total) (FLOW), Social Dominance (FLOW)" width="800" height="425" src="https://embed.santiment.net/chart?ps=flow&amp;pt=FLOW&amp;df=2024-01-31T18%3A29%3A59.860Z&amp;dt=2024-07-31T18%3A29%3A59.860Z&amp;emcg=1&amp;emhwm=1&amp;wm=sentiment_volume_consumed_total%3Bsocial_dominance_total&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%7B%22interval%22%3A%221d%22%7D%3B%7B%22interval%22%3A%221d%22%7D" scrolling="no"></iframe> 
<p>Similarly, the social dominance value noted a sharp spike and soared over by 8%. It highlighted the increased activity of investors and the media buzz for FLOW in the past 24 hours.</p> 
<h2 class="wp-block-heading" id="h-futures-open-interest-data-overview"><strong>Futures Open Interest Data Overview</strong></h2> 
<p>On the futures data, the open interest data saw an increase of over 2.30% to $14.33 Million.&nbsp;</p> 
<p>In comparison, the spot price dropped over 1%, signifying buyers have tried to make longs. However, the sellers attempted to secure the cluster of $0.700 to convert into a fake breakout.</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="239" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-1024x239.png" alt="Open Interest Data | Source: Coinglass" class="wp-image-639744" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-1024x239.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-300x70.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-768x179.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-150x35.png 150w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-696x162.png 696w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9-1068x249.png 1068w, https://www.thecoinrepublic.com/wp-content/uploads/2024/08/image-9.png 1385w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption">
  Open Interest Data | Source: Coinglass
 </figcaption>
</figure> 
<p>Notably, suppose the <strong>FLOW price </strong>fails to cross the 100-day EMA barrier; it may take immediate support around $0.600 and then at $0.530.&nbsp;</p> 
<p>In contrast, if it sprints ahead, the upper trajectory of $0.8,00, followed by the $1 mark, would act as a resistance level.</p> 
<p>FLOW price has traded close to the 38.2% Fib cluster. It has significantly recovered from its bottom around the $0.470 mark. Once it crosses the 200-day EMA mark, significant buying momentum can be seen ahead.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/08/01/flow-saw-a-recovery-can-the-flow-bulls-retain-the-1-mark/">FLOW Saw A Recovery: Can The FLOW Bulls Retain The $1 Mark</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

FLOW Saw A Recovery: Can The FLOW Bulls Retain The $1 Mark

Table of Contents

Thecoinrepublic.com

Other articles published on Aug 1, 2024

Understanding the Legal Challenges of Crypto Bankruptcies

Massive Hack on Convergence: $210,000 Stolen in Minutes!

eCash Monthly Recap - July 2024

Trump Fuks Kamala (TRUMPKAM) Solana Memecoin Will Skyrocket 19,000%, While BTC Drops

Reddit acquires Memorable AI to enhance advertising technology

Coinbase Quarterly Revenue May Drop Due to Weak Market Volatility

Join our free newsletter for daily crypto updates!