Will Flamingo (FLM) Price Fall Further? Current FLM Coin Technical Analysis!

  • Flamingo has broken the base of a short-term ascending trend channel, initially signaling a weaker rate of ascent. FLM reached its target at $0.10 after breaking the rectangular formation.
  • The support level for FLM is at $0.08, and the resistance level is at $0.12. Volume has been high at price peaks and low at price troughs.
  • Medium-term analysis shows that FLM is technically neutral, while long-term analysis indicates that FLM is technically positive.

In our current FLM price analysis, we evaluate the short, medium, and long-term outlook for Flamingo: Will FLM coin’s price continue to fall?

Short-Term FLM Analysis

FLM/USDT

Flamingo has broken the base of a short-term ascending trend channel, initially signaling a weaker rate of ascent. FLM reached its target at $0.10 after breaking the rectangular formation. The price has now dropped, but the formation suggests further upward movement. There is no resistance on the price chart, indicating more potential for growth. In case of a negative reaction, the stock finds support around the $0.09 level. From a short-term technical perspective, FLM is considered positive.

Medium-Term FLM Analysis

FLM/USDT

Flamingo is within a medium to long-term descending trend channel. This suggests that investors have been selling at lower prices over time, indicating a negative development for the company. FLM has broken a short-term resistance, providing a positive signal for the short-term trading range. The support level for FLM is at $0.08, and the resistance level is at $0.12. Volume has been high at price peaks and low at price troughs. This weakens the descending trend and could be an early signal of a future trend reversal. The RSI curve shows an upward trend, which could be an early indication of a possible upward trend change in price. From a medium-term technical perspective, FLM is considered neutral.

Long-Term FLM Analysis

FLM/USDT

In the long-term analysis, Flamingo is within an approximately horizontal trend channel, suggesting further development in the same direction. The support level for FLM is $0.07, and the resistance level is $0.14. The RSI curve shows an upward trend, which could be an early indication of a possible upward trend change in price. From a long-term technical perspective, FLM is considered positive.

FLM Price

Today’s Flamingo price is $0.093935, with a 24-hour trading volume of $167,685,910. Flamingo has experienced an 18.83% loss in the last 24 hours. It currently ranks 367th on CoinMarketCap with a live market cap of $48,588,434 USD. There is a circulating supply of 517,255,584 FLM coins, with a maximum supply of 1,000,000,000 FLM coins.

Summary

FLM analysis evaluates the short, medium, and long-term outlook for Flamingo. Short-term analysis indicates that FLM is technically positive. Medium-term analysis suggests that FLM is technically neutral, while long-term analysis indicates that FLM is technically positive. However, investors should consider risks, especially indicators like RSI, when making decisions.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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