Flow (FLOWUSDT) held steady at a lower level in its recent intraday trading, under the control of a short-term corrective downtrend and trading along a descending trendline. The asset continues to face negative pressure from remaining below the 50-day simple moving average, reinforcing the bearish outlook. This comes after the price successfully relieved its oversold Stochastic conditions, creating more room for potential losses.
Therefore, we expect the price to decline in upcoming intraday sessions, as long as resistance at 0.409 holds, targeting the support level at 0.368.
Todays price forecast: Bearish.