$FLM /USDT EXPERIENCES SHARP DROP BUT SHOWS POTENTIAL SUPPORT AROUND $0.0360
$FLM /USDT pair has faced significant downward pressure in the past 24 hours, dropping by -14.68% to trade around $0.0372. The decline followed a rejection from the recent 24h high of $0.0446, marking a sharp short-term bearish move.
On the 1-hour timeframe (Binance), price action shows a strong bearish momentum with key levels forming a descending pattern:
Resistance Levels: $0.0400, $0.0420, $0.0440
Support Levels: $0.0360, $0.0340 (24h low)
Technically, FLM is nearing a potential support zone around $0.0360, which previously acted as a minor bounce area. If buyers manage to hold this level, a short-term rebound towards $0.0400 is possible. However, failure to defend $0.0360 could expose the pair to further downside toward the next support at $0.0340.
Indicators Overview:
Momentum: Strong bearish bias in short term
Volume: High FLM trading volume (145M FLM), showing active market interest despite the drop
Trend Bias: Bearish in intraday; uncertain for mid-term without confirmation of support
Outlook: Watch for a possible bullish divergence on lower timeframes and a reaction at $0.0360. Bulls must reclaim $0.0400 to regain short-term control, while a break below $0.0340 could extend losses.
📉 Caution advised for new entries; let price action confirm direction near key levels.
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