$FLM has experienced a 7.143% price increase in the last 24 hours, reflecting a strong upward momentum.
The price has bounced off the support level of 0.0308 and approached the resistance point at 0.0375.
With Bollinger Bands indicating heightened volatility, the upper band at 0.0368 suggests a potential ceiling for short-term traders.
Currently, macroeconomic factors like inflation data and fluctuating regulations may create additional volatility.
Bitcoin’s influence is currently undefined, and its lack of correlation with FLM can lead to independent price movements.
Traders should consider a short-term approach due to potential volatility, while long-term stability remains uncertain.
Key takeaway: The current price action highlights FLM's strong upward trend, but cautious trading strategies should be employed.
