a concise technical breakdown of $FLOW /USDT
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๐งพ FLOW/USDT (Flow Blockchain)
Current Price: $0.299
24h Change: -9.67% ๐ป
Category: Layer 1
Trend Bias: Bearish short-term with oversold signs
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๐ 24h Trading Metrics
Metric Value
24h High $0.331
24h Low $0.296
Vol (FLOW) 9.83M
Vol (USDT) $3.08M
โ ๏ธ Flow has dropped nearly 10% and is hovering just above its daily low.
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๐ Order Book Depth
Resistance Support
$0.324 $0.296 (Key short-term support)
$0.318 โ 0.324 $0.294 (Next level down)
$0.306 โ 0.312 Potential bounce zone
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๐ Volume & Moving Averages
Metric Value
Vol (Current) ~70.3K
MA(5) 123.57K
MA(10) 161.70K
๐ Volume is decreasing, and price is below both short-term MAs โ showing current weakness.
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๐ Technical Summary
Indicator Status
Short-Term Trend Bearish
Support Zone $0.294 โ 0.296
Resistance Zone $0.312 โ 0.324
MA Pressure Acting as resistance
Oversold Check Possible, but not confirmed without RSI
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๐ง Trade Setups
Strategy Entry Stop-Loss Target
Rebound Buy $0.296 โ 0.300 < $0.294 $0.312 โ 0.318
Breakout Long Close > $0.324 < $0.312 $0.340 โ 0.355
Short Rally Fail $0.312 โ 0.318 > $0.324 $0.300 โ 0.296
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โ Final Take
FLOW is testing critical support at $0.296โ0.300. If this level fails, next support sits around $0.284. Caution is advised โ wait for confirmation (volume uptick or RSI divergence) before entering. It may also attract short-term bounces from bargain hunters.
Would you like this charted or compared with other Layer 1 tokens like ALGO, ADA, or ICP for positioning clarity?
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