š¦©š *Flamingo Finance (FLM) Price Update & Trade Setup ā June 7, 2025*
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š° Current Price: 0.0403
- *24H Change:* +0.22
- *24H Range:*0.0331 ā 0.0406
- *Market Sentiment:* Bearish š¬
- *Fear Greed Index:* 45 (Fear)
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š Technical Overview
- *Support Levels:*0.033 ā 0.035
- *Resistance Levels:*0.0395 ā 0.0470
- *50-Day SMA:*0.0398
- *200-Day SMA:* 0.0596
- *14-Day RSI:* 27.65 (Oversold)
FLM is currently trading below both its 50-day and 200-day simple moving averages, indicating a bearish trend. The RSI suggests that the token is in oversold territory, which could imply a potential rebound.
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š Price Predictions
- *Short-Term (2025):*
- *Bearish Scenario:* If support fails, FLM might dip to0.025.
- *Bullish Scenario:* Holding above key support could see a surge towards 0.047.
- *Mid-Term (2026):*
- Potential climb to0.0876, driven by increased adoption and market momentum.
- *Long-Term (2030):*
- Optimistic projections place FLM between 0.6251 and0.7274, assuming continued growth and community support.
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š§ Trade Setup Signal
- *Accumulation Zone:* 0.033 ā0.035 ā ideal for dollar-cost averaging (DCA)
- *Breakout Watch:* A move above 0.0395 could signal a strong upward trend
- *Risk Management:* Set stop-loss orders below0.033 to mitigate potential downturns
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*TL;DR:*
Flamingo Finance (FLM) is currently in a bearish phase, trading below key moving averages. However, the oversold RSI indicates a potential for rebound. Traders should watch for a breakout above $0.0395 and manage risks accordingly. š¦©š¼