Metaverse-driven blockchain; Flow Again it is in its ingredients. In fact, it is not taking the crypto market by storm with its unrivaled lineup. However, the network seems focused on providing more options to its users who access its decentralized infrastructure.
To achieve its objective, FLOW has added some integrations to its recently launched Decentralized Exchange (DEX). Metaplier flow. According to the report flowThe merger created a partnership with a cross-platform, CelerNetwork.
– Flow 🌊 – Discover Flow Blockchain (@flowverse_) August 26, 2022
Two steps forward
Another recent partnership is to strengthen decentralization on the FLOW ecosystem. Remember that this is not the first time to create such systems. Earlier, Flo Partnership To the same mission as a Decentralized Autonomous Organization (DAO).
While there are some differences, the latest development means that FLOW users can easily connect other cryptocurrencies. The mentioned properties include USDC, Enclosed Ethereum [WETH], Ethereum [ETH], And Encrypted Bitcoin [WBTC]. Despite the additions, FLOW seems unfazed.
One foot behind
The mergers did not result in positive price movement for FLOW. By CoinGecko, the coin seems to prefer to “flow” to the south. At the time of writing, the price of the coin was exactly $1.90. This price has decreased by 9.5% compared to the previous 24 hours. Interestingly, accumulative thirty day change since August 26 was still positive with 18.58% gain.
However, a month’s greenback was not enough to provide positive sentiment for the coin. FLOW investors can get some positives from these updates. First, the four-hour chart on USDT showed much less volatility than it did between August 18 and August 22. This sentiment is revealed by Bollinger Bands (BB).
As for momentum, the Relative Strength Index (RSI) was neutral but showed bearish signs at 45.70. While assessing one step ahead, the Awesome Oscillator (AO) was indecisive whether it was a bullish edge or bearish. Although, there was a more negative sign with AO value of -0.048.
By entering the chain segment, the understanding of FLOW may not match expectations, especially for short-term traders. according to Centimeter, the combination has stimulated the development activity to a positive trend. But there was virtually no change in the total supply of whales, estimated at $5 million or more.
With Flow 94.9% away from hitting its all-time high (ATH) again, investors may want to keep their hopes low. However, all may not be lost even if the crypto market shows no clear signs of breaking out of bear territory.