#BTCRebound

The price of Flow (FLOWUSDT) touches the resistance of the simple moving average - Analysis - 21-04-2025 $FLOW

The price of Flow FLOW/USD (FLOWUSDT) has risen during its recent trading at the intraday levels, attempting to recover some of the losses it incurred previously, amidst the dominance of the main downward trend in the short term, with relative strength indicators reaching highly overbought areas, and the beginning of a negative crossover appearing, causing the price to collide with its recent rise against the resistance of the 50-day simple moving average, which amplifies the negative pressures.

Therefore, our expectations indicate a return to the decline of the currency price in its upcoming trades, as long as the resistance level of $0.44 holds, targeting the support level of $0.30.

Expected trend for the upcoming trades: Downward