# FLOW Price Drops to $0.34 as Bearish Pressure Mounts
FLOW is currently trading at $0.34, marking a significant -7.92% drop in the last 24 hours. The substantial trading volume of 3,606,424.20 FLOW underscores the intensity of today’s price action. Market sentiment surrounding FLOW appears decidedly bearish.
The decline in FLOW’s price comes amid broader market weakness. The sharp drop suggests a strong bearish presence in the market, pushing the price downwards. Technical factors may also be contributing to this downward momentum.
This drop in price has also impacted FLOW’s market capitalization, which now stands at 1,274,774.36 USDT. The high 24-hour trading volume indicates active participation from both buyers and sellers, though selling pressure seems dominant. This considerable volume further emphasizes the significance of the current price movement.
Analyzing support and resistance levels, FLOW appears to have broken through a key support level around $0.35. The next support level is estimated to be near $0.32, which traders will be closely watching. Resistance levels above $0.35 now act as potential barriers to any upward movement.
Observing the recent trading patterns, FLOW has shown a descending triangle formation, a bearish indicator. This pattern suggests a higher probability of further downside in the short term. Traders are advised to exercise caution in this current market climate.
In the short term, FLOW’s price could potentially test the $0.32 support level. If this support level fails to hold, further declines are possible. Reclaiming the $0.35 level could signal a potential reversal in the short-term trend.
Key levels to watch in the coming days include the $0.32 support and the $0.35 resistance. Breaking below $0.32 could accelerate the downward momentum. Conversely, a break above $0.35 could provide a glimmer of hope for the bulls.
Final Summary:
- Current Price: 0.34 USDT
- 24h Change: -7.92%
- Market Cap: 1,274,774.36 USDT
- 24h Volume: 3,606,424.20 FLOW
- Circulating Supply: 5,151 işlem 📉
