Flow: Here’s why short-term traders may not be elated about this price FLOW

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Metaverse-driven blockchain, FLOW is in its elements again. As a matter of course, it’s not taking the crypto market by storm with an unrivaled rally. Nevertheless, the network seems to be focused on providing more options for its users who access its decentralized infrastructure. In achieving its objective, FLOW added some integrations to its recently […]

The integrations didn’t result in a positive price movement for FLOW. Per CoinGecko

, the coin seemed to prefer “flowing” in the south direction. At the time of this writing, the coin price was exactly $1.90. This value was a 9.5% decrease from the last 24 hours. Interestingly, the cumulative thirty-day change was still positive at a 18.58% gain as of 26 August. Nonetheless, the one month green take was not enough to deliver a positive sentiment for the coin. FLOW investors may find some positives from these updates. First, the four-hour chart against the USDT showed extremely lower volatility than it was between 18 August and 22 August. This sentiment was revealed by the Bollinger Bands .

As for the momentum, the Relative Strength Index was neutral but showed gloomy signs at 45.70. While assessing it a step further, the Awesome Oscillator was indecisive whether it was a bullish edge or a bearish one. Although, it was more a negative sign with the AO value at -0.048.Delving into the on-chain part, FLOW’s impression may not suit expectations especially for short-term traders.

, the integration triggered development activity to a positive trend. But for the whales’ total supply worth $5 million and more, there was almost no change.With FLOW at a 94.9% distance from re-hitting its All-Time High , investors may want to keep their hopes at a minimum level. However, all might not be lost even as the crypto market has not shown clear signs of exiting the bear state.Subscribe to get it daily in your inbox.

 

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