🚀 Analysis and forecast for $FLM : time to exit? 📈
As of May 21, 2025, at 13:42 EEST, the price of $FLM on Binance is $0.03375, with a 12% increase over the last 24 hours. The trading volume for the day has risen to $8.9M, and the market capitalization is around $20.5M (according to market data). The increase is related to interest in DeFi protocols on NEO and increased activity in the Flamingo ecosystem, which is being discussed on X.
Technically, FLM shows bullish momentum. On the 4-hour chart, the price has broken the resistance at $0.032, and the RSI (14) at 69 is approaching overbought levels. Key levels: support - $0.031, resistance - $0.035. A breakout above $0.035 could push the price to $0.04, but a drop below $0.031 would increase pressure to $0.029. Volumes are increasing, supporting the current trend.
Forecast: in the short term (until the end of May), FLM may reach $0.038–$0.04 if momentum continues. By July 2025, a correction to $0.03 is possible due to overbought conditions. The long-term target for 2026 is $0.07–$0.09 if Flamingo continues to develop liquidity and partnerships.
Time to exit? After a 12% increase and a current price of $0.03375, taking profits seems reasonable, especially considering the RSI. Set a stop-loss at $0.0305 for protection. For long-term investors, holding with a target of $0.038 is justified, but keep an eye on volumes and news. $FLM is promising due to the DeFi fundamentals, but the market is volatile, and overbought conditions may lead to a pullback. Proceed with caution! #FLM #Binance #CryptoAnalysis
