FLOW Near Trendline Support: What’s Next, Rebound or Retarcement?

FLOW Near Trendline Support: What’s Next, Rebound or Retarcement?
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The FLOW price signified profit booking and slipped to the 20-day EMA support mark.
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The FLOW coin trades near the crucial trendline support and is awaiting a pullback.
The FLOW coin (FLOW) price signifies retracement moves and has retested the 20-day EMA mark. The technical indicators suggest a trend reversal ahead, and a bearish crossover is noted on the charts. Moreover, the price action indicates that a fresh lower high swing was made, which may lead to a correction in the short term. The mark of $1.20 will act as downside support if any selloff happens in the following sessions, whereas the upside of $1.50 is the immediate resistance level.
At press time, the Flow coin (FLOW) price was trading at $1.34 with an intraday drop of 1.90%, reflecting neutrality on the charts. It has a monthly return ratio of 26.67% and 37.45% on a yearly basis. The pair of FLOW/BTC is at 0.0000191 BTC, and the market cap is $1.39 Billion. Analysts are neut

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