Today, FLOW has suddenly come into discussion in the crypto market. According to the Binance chart, FLOW has pumped by about 30-35% and has entered the market with a large volume.
๐ What is FLOW?
Flow (FLOW) is a Layer-1 blockchain primarily designed for NFTs, Gaming, and Web3 apps. This network was created by Dapper Labs โ the same company that developed popular NFT projects like NBA Top Shot.
๐ Technical Overview
According to the chart, several important points are visible:
1๏ธโฃ Strong Bounce from Bottom
FLOW has bounced strongly from approximately $0.033 level.
2๏ธโฃ Huge Volume Spike
Suddenly, large volume has come in, which often indicates smart money entry.
3๏ธโฃ Key Resistance Zone
Currently, there may be significant resistance
๐ $0.07 โ $0.08
If this level breaks, the next target could be:
๐ฏ $0.10
๐ฏ $0.12
โ ๏ธ Possible Risks
However, after such a large pump, a short term correction is also normal.
Potential pullback zone:
๐ $0.055 โ $0.060
๐ง Strategy Idea
Many traders typically use 2 strategies:
โ Breakout trade
โ Pullback entry
๐ Final Thoughts
FLOW is currently becoming a high momentum coin. If the market supports it, it could provide more upside in the short term.
โ ๏ธ Always DYOR โ Crypto market is highly volatile.
#Market_Update #market #FLOW #HotTrends #altcoins
