FLOW Technical Analysis: Rounding Bottom Breakout Teases 25% Jump

FLOW coin price approaches the triangle pattern’s resistance, spotlighting the breakout possibility. Should you consider buying at pre-breakout prices? Key technical points: FLOW prices have inflated 38% in the last two weeks. The bullish rally crosses over the 50-day EMA. Finally, the 24-hour trading volume of Flow is $1.49 Billion, marking a 48% rise. Past Performance of FLOW The FLOW coin price struggled to rise above the 50-day EMA in the early days of March, but the reversal from the support trendline changed everything. The reversal rally exceeded the 50-day EMA and accounted for an almost 40% hike in the last two weeks before reaching the resistance trendline. Source-Tradingview FLOW Technical Analysis FLOW coin price action shows a daily bullish candle approaching the resistance trendline with a 5% gain, undermining the previous inverted hammer candle. Hence, the buyers are in total trend control and might overpower the sellers-driven trendline shortly. The market price approaches the 100-day EMA and shows a reversal in the 50-day EMA. Hence, the breakout of the 100-day EMA will increase the buying pressure and the trend momentum. RSI Indicator: The RSI slope reflects a fantastic hike in underlying bullishness as the RSI line grows 30 points to kiss the overbought boundary. Furthermore, the 14-day SMA crosses above the halfway point, increasing the chances of sustained buying pressure this week. MACD Indicator: The MAC...