$FLM

[BINANCE] FLM/USDT Technical Analysis – May 4, 2025

Current Price: $0.0345

24h Change: -21.23% (Major Drop)

24h High/Low: $0.0456 / $0.0344

24h Volume:

FLM: 99.78 Million

USDT: $3.97 Million

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Technical Overview:

FLM has seen a sharp decline of over 21% in the last 24 hours, dropping to the edge of its 24h low. This high-volume selloff signals increased selling pressure, but could also present a bounce opportunity for short-term traders if support holds.

Support Zones:

$0.0344: 24h low and immediate support

Below $0.0340: Breakdown risk zone

Resistance Levels (Order Book Depth):

$0.0468 – minor bounce zone

$0.0536 – significant mid-range resistance

$0.0557 – previous high and sell wall

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🎯 Target Levels (Recovery Targets):

1. Target 1: $0.0468

First resistance and potential bounce target if FLM rebounds off the current low.

Watch for reaction at this level — it may act as a rejection point.

2. Target 2: $0.0536

Mid-term resistance and an area of high liquidity.

A break above $0.0468 with volume may push toward this level.

3. Target 3: $0.0557

A recovery to this zone would indicate a strong reversal and reclaiming of lost ground.

Needs broader market support or bullish catalyst.

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