📉 $FLOW
— Falling Knife Analysis
$FLOW has dropped ~36% this week, driven by a clean breakdown below prior support and weak broader altcoin sentiment. On the daily chart, price remains below key moving averages, confirming a bearish structure. The RSI is oversold (sub-30), hinting at selling exhaustion—but oversold alone doesn’t mean reversal in strong downtrends.
Key breakdown zones around previous supports have flipped into resistance, keeping sellers in control. Short-term rebound areas to watch lie near $0.10–$0.12 for a relief bounce, while a stronger shift would require reclaiming $0.17–$0.18. Until then, rallies risk being sold.
Sentiment remains cautious as liquidity thins and risk-off mood persists across alts.
Are you buying the dip here—or waiting for clear structure before stepping in?