$FLM Has shown sharp price movements, with a reported +51.60% pump to $0.03100 on April 25, 2025, driven by high volume (up +820.27%) and speculative interest. However, it has since pulled back, with a -14.28% drop in the last 24 hours as of April 14, 2025, and a -16.91% decline over the past week.
Technical Indicators
Moving Averages (MA):
50-Day Simple Moving Average (SMA): Estimated to reach $0.033466–$0.0342 by April 28, 2025, but FLM is currently trading below this level, signaling a bearish short-term trend.
200-Day SMA: Projected to drop to $0.05566–$0.0571 by late April or December 2025, also above the current price, reinforcing a bearish outlook.
Interpretation: Trading below both 50-day and 200-day SMAs suggests weak momentum and a potential continuation of the downtrend unless a breakout occurs.
Relative Strength Index (RSI):
Current RSI: Approximately 38.51, indicating a neutral position (neither oversold nor overbought).
Some sources suggest RSI is in a buy zone, potentially hinting at undervaluation after recent declines.
Interpretation: The neutral RSI suggests no immediate overbought or oversold conditions, but a move below 30 could signal an oversold condition, potentially attracting buyers.
Support and Resistance Levels:
Support: Key supports are at $0.01378–$0.0167 (all-time low zone) and $0.030. A break below $0.030 could see FLM test $0.0286 or lower.
Resistance: Immediate resistance lies at $0.034–$0.035, with a stronger barrier at $0.0395–$0.0431. A breakout above $0.034 could target $0.050–$0.0545.
Volume Analysis:
Recent volume spikes (e.g., +820.27% on April 25) indicate whale interest and speculative trading, with a volume-to-market-cap ratio of 597.88% signaling intense activity.
Bullish Scenario: If FLM breaks above $0.034 with strong volume, it could target $0.038–$0.0431, a potential 20–30% gain.
Bearish Scenario: Failure to hold $0.030 may lead to a drop toward $0.0286–$0.01571, aligning with bearish forecasts.
Not Financial Advice, DYOR!!