Date: Mon, May 05, 2025 | 03:47 AM GMT
After a brutal Q1 where Ethereum (ETH) alone crashed 45%, the crypto market is finally showing signs of a comeback. ETH has bounced 30% from its April 7 low—and it’s not the only one. Flow (FLOW), a once-sidelined altcoin , has surged nearly 37% since its April dip.
But FLOW has cooled off recently, down more than 6% over the past week. So, is this just a healthy pullback—or the start of another bearish leg? A closer look at the chart may hold the answer.
Source: Coinmarketcap
A Bullish Inverse Head and Shoulders Is Forming
On the daily chart, FLOW is shaping up a textbook Inverse Head and Shoulders pattern—a classic signal of a bullish reversal. This setup often suggests that selling pressure is fading and a trend change could be coming.
FLOW Daily Chart/Coinsprobe (Source: Tradingview)
Let’s break it down:
- Left Shoulder: FLOW found support around $0.35 in mid-March after getting rejected near the $0.46 zone.
- Head: The token plunged to a low of around $0.30 on April 7, forming the head of the pattern.
- Right Shoulder: Recently, FLOW rebounded sharply to retest the neckline near $0.41, before pulling back again to $0.37, likely completing the right shoulder.
What’s Next for FLOW
If this pattern plays out fully, FLOW may dip slightly more to confirm support around the $0.32–$0.34 zone, finishing off the right shoulder. A breakout above the neckline (around $0.41–$0.42) could then trigger a strong move higher.
Target? The projected upside from this breakout is around $0.52, which would represent a 52% rally from the current price.
Of course, patterns don’t guarantee outcomes. Volume confirmation and momentum will be key in validating the breakout. But for now, the structure is promising.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.
