Flow is a brand-new blockchain platform to power GenX apps and games. In-built logging support, cadence programming language, flexible smart contracts, and instant global finality are some of the outstanding features of this network. It provides users with a robust platform for building customized applications. FLOW is the native token of this ecosystem. Let’s look at FLOW technical analysis to get a detailed understanding of its potential breakthrough. Past Trends On March 25, 2021, FLOW started trading at $25.67. As of March 31, 2021, FLOW closed at $34.34. Thus, in the past week, the FLOW price has surged by approximately 34%. In the last 24 hours, FLOW has traded between $32.90-$34.79. https://ift.tt/3m8GjWB Day-Ahead and Tomorrow Currently, FLOW is trading at $34.03. The price has slightly declined from the opening price of $34.35. Thus, the market seems bearish. The MACD and signal lines have just turned positive. A bullish crossover by the MACD line over the signal line has occurred too. Thus, the bearish trend is reversing. Hence, we can expect the price to start rising soon. The OBV indicator is tapering down. This implies that selling volumes are much higher than buying volumes. Hence, we can expect the price to decline further. However, the OBV indicator has gradually started rising. Thus, in a few hours, we can expect a price uptrend to set in. The RSI indicator is currently at 63%. It has just fallen from the ‘overbought’ region. Thus, buying pressures are high. There is positive divergence here and the bulls are slowly gaining strength. Hence, we can expect the price to go up. FLOW Technical Analysis The price is currently at the Fibonacci pivot point of $34. As some of the oscillators have given positive signals, we can expect the price to surpass the first resistance level of $34.73 in some time. Currently, the price is inching closer to the 38.2% FIB retracement level of $33.62 and falls below it soon. In some time, it is likely to test and fall below the 23.6% FIB retracement level of $34.35. If the price retests and breaks out of these levels by day end, we can be assured that a bull-run has set in. In that case, the price will upswing tomorrow.
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