The post Is FLOW Ready to Pull back & Retest $1? appeared on BitcoinEthereumNews.com.

FLOW price convalesced from the demand zone of $0.400 and cited a comeback in recent sessions. Moreover, the price action exhibits buyer accumulation and a range breakout. Recently, the FLOW coin punched the psychological round mark of $1 but did not sustain long enough. The ensuing profit booking which was noted tossed the FLOW price to the 20-day EMA. FLOW price is trading above the key moving averages and is upholding gains in the bullish territory, displaying bullish beliefs. Furthermore, the chart shows the rising parallel channel, and the FLOW coin persists in lengthening gains. For the past sessions, buying momentum was witnessed, and higher high swings ushered the FLOW price to contend bullish territory. The live price of the FLOW coin is $0.8989, with an intraday gain of 1.83%, showing bullishness on the chart. Moreover, the trading volume increased by 3.78% to $45.87 Million. However, the pair of FLOW/BTC is at 0.0000214 BTC, and the market cap is $946.14 Million. Analysts have maintained a bullish rating, suggesting the FLOW price will continue to surge in the following sessions. FLOW on Daily Chart Displays Rising Parallel Channel On the daily chart, the FLOW price has been overhauled from the bottom zone and poured gains above neutrality in the past few sessions. However, the FLOW coin faced downward pressure from the channel’s top near $1 and is bearing gains near the 20-day EMA. Per the Fibonacci retracement levels, FLOW coin is trading above the 50% zone above the mid bollinger band. The relative strength index (RSI) curve endured above the midline near 65, showcasing a bullish crossover retreat on the chart. Moreover, the MACD indicator formed green bars on the histogram highlights strong performance in the past few sessions. Weekly Charts Reflects Falling Wedge Breakout On the weekly chart, the FLOW…

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Filed under: News - @ December 31, 2023 8:12 pm