FLOW coin price approaches the triangle pattern’s resistance, spotlighting the breakout possibility. Should you consider buying at pre-breakout prices?

Key technical points:
<ul>
 	<li style="font-weight: 400">FLOW prices have inflated 38% in the last two weeks.</li>
 	<li style="font-weight: 400">The bullish rally crosses over the 50-day EMA.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Flow is $1.49 Billion, marking a 48% rise.</li>
</ul>
<h2>Past Performance of FLOW</h2>
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. 

<img src="https://s3.tradingview.com/snapshots/i/I2MXRr7Z.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/I2MXRr7Z/">Tradingview</a>
<h2>FLOW Technical Analysis </h2>
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 MACD and signal lines regain the bullish momentum as the bullish MACD histograms resurface after a slight fall. The increasing spread between the lines increases the uptrend sustenance possibility. 

In a nutshell, the FLOW technical analysis emphasizes increased chances of a breakout rally as the market recovers and buyers increase.
<h2>Upcoming Trend </h2>
The FLOW coin price shows a high momentum uptrend within the triangle pattern, which increases the trendline breakout possibility. Hence, the uptrend has the potential to reach the $10 mark, accounting for a 30% price jump if the buyers reclaim the 100-day EMA stronghold.

Support Levels: $6.75 and $6

Resistance Levels: $8.5 and $10

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?

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

FLOW Technical Analysis: Rounding Bottom Breakout Teases 25% Jump

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