Flow [FLOW] Price Analysis: 05 April

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Ethereum breaking past the $1,840-resistance level to reach $1,900 appeared to lend altcoins some bullish impetus. Bitcoin was attempting to climb above $29,200 again, and Flow (FLOW/USDT) seems to be at a pivotal moment too.

How much are 1, 10 or 100 FLOW worth today?

In this analysis, we will discuss the inferences drawn from various technical indicators and assess their potential impact on FLOW’s future price movement. FLOW bulls have managed to hold on to the $0.9-$1 zone of support, but the indicators did not show noticeable bullishness in the market.

Source: FLOW/USDT on TradingView

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. With a value of 50, the RSI for the FLOW/USDT pair suggested a balanced market, indicating that neither the bears nor the bulls have a stronghold on the price action. This equilibrium presented an opportunity for a trend to emerge.

Bollinger Bands help traders identify potential trend reversals and price breakouts by tracking volatility. The converging bands for the FLOW/USDT pair indicated that the market may be entering a period of consolidation, which could be followed by significant price movement in either direction.

On-balance Volume (OBV) is a cumulative volume-based indicator, one that analyzes the relationship between price and volume. The uptrend in OBV since 11 March suggested that buying pressure has been increasing. This could lead to sustained price growth for FLOW.

Chaikin Money Flow (CMF) is an oscillator that measures the flow of money into and out of an asset. With a value of +0.01, the CMF highlighted