1. Price Performance:

- Current Price: $0.05074.

- Volatility: The price increased by 56.7% in the last 24 hours, with a significant portion of this increase recorded in the last 12 hours, reaching a daily high of $0.05053, while the lowest price was $0.03123.

- Upside Momentum: The FLM chart shows a continued upward trend with a break above key resistance levels, supported by high trading volume.

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2. Trading Volume and Market Activity:

- Trading Volume (24h): $54.55 million, an increase of 489.4% compared to previous days, indicating growing interest from investors and traders.

- Liquidity: Platforms like Binance are considered the most active in trading FLM, contributing around 34.44% of the total volume.

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3. Bullish Supporting Factors:

- Community Optimism: Surveys have shown that the community is optimistic about FLM

- Connection with Major Projects: The project relies on the Neo blockchain and Poly Network protocol, which enhances investor confidence in its technical infrastructure.

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4. Comparison with Other Currencies:

- Outperforming: FLM has outperformed 83% of cryptocurrencies in its category (exchange tokens) over the past week, recording a rise of 153.8%, compared to an average market decline of -3%.

- Global Ranking: FLM ranks 970th globally in terms of market capitalization ($27.36 million).

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5. Risks and Challenges:

- High Volatility: FLM is still classified as a high-risk asset due to its sharp volatility, having previously declined by -96.9% from its all-time high (1.59 dollars).

- Dependence on the DeFi Market: Any regulatory changes or failure to attract new users to the Flamingo platform may negatively impact the price.

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Short-term Technical Outlook:

- Support and Resistance:

- Immediate Support: $0.045 (Fibonacci retracement level 23.6%).

- Next Resistance: $0.055 (February 2025 peak).

- Technical Signals: Indicators like RSI suggest overbought conditions (70+), which may lead to a temporary correction before resuming the upward trend.

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Summary:

FLM has experienced strong upward momentum over the past 12 hours, supported by increased trading volume and community confidence in its DeFi-based project. However, traders are advised to monitor correction indicators and manage risks due to historically high volatility.$FLM