📈 Current FLM Price
• Current price: $0.0343
• Increase in 24 hours: +38.87%
• Market capitalization: Approximately $18.5 million
• 24-hour trading volume: Approximately $181.77 million
• Circulating supply: Approximately 543 million FLM
🔍 Technical Analysis
• Aggregate signals: On the 1-hour chart, 92.86% of signals from moving averages indicate a strong bullish trend.
• RSI indicator: Currently at a neutral level, indicating that the market does not have a clear trend.
• Market sentiment: The “Fear & Greed” index is at 60 (Greed), reflecting the optimistic sentiment of investors.
📊 Price Trend Prediction for the Next 24 Hours
• Bullish scenario: If FLM stays above the support level of $0.030 and breaks the resistance level of $0.0439 with strong trading volume, the price could aim for $0.050.
• Sideways scenario: If there is no new momentum, the price may fluctuate between $0.030 – $0.0439.
• Bearish scenario: If the support level of $0.030 is lost, the price may drop to the range of $0.025 – $0.028.
📰 Market News and Drivers
• Accumulation by whales: Blockchain data shows significant accumulation by whales, indicating confidence in the bullish trend of FLM.
• Cash flow from institutional investors: The increase in cash flow from institutional investors is driving the price of FLM, reflecting confidence in Flamingo Finance as a potential blockchain platform.
✅ Conclusion
In the next 24 hours, FLM may continue to fluctuate between $0.030 – $0.0439. Breaking the resistance level of $0.0439 with strong trading volume could open up the opportunity to rise to $0.050. However, if the support level of $0.030 is lost, the price may adjust to the range of $0.025 – $0.028.
Note: The above information is for reference only and is not investment advice.