Flow (FLOWUSDT) price continued its decline in its latest intraday trading, breaking below the key support level at $0.368. The move comes under the control of a short-term corrective downtrend, with price action moving along a supporting trendline for this bearish path. Negative pressure persists as the token trades below its 50-day simple moving average, while additional downside risks are reinforced by negative signals on the RSI, after it successfully unwound its oversold levels, giving space for further losses in the near term.
Therefore, we expect the price to decline in its upcoming intraday trading, especially while it remains below $0.368, targeting its first support level at $0.348.
Today's price forecast: Bearish