Flow (FLOW/USD) price inched slightly higher in its latest intraday trading, attempting to relieve part of the evident oversold conditions shown on the relative strength indicators, particularly as some positive signals begin to appear. However, the cryptocurrency continues to face persistent bearish pressure from trading below its 50-period simple moving average and remains under the dominance of the main short-term downtrend, moving along a descending trendline.
Therefore, we expect the price to decline in upcoming intraday trading as long as it remains below the 0.287 resistance level, targeting the key support area at 0.250.
Expected trend for upcoming trading: Bearish.