Seeker (SKR) Token Pullback After 200% Surge, Smart Money Cuts Holdings by 56%
- Smart Money Exits: Following a 200% surge earlier this week, smart money wallets reduced their holdings by over 8.5 million SKR in just 24 hours, representing a 56% decrease, indicating a significant exit from short-term holders that could impact market sentiment.
- Exchange Balances Rise: During the same period, SKR balances on exchanges increased by 10.94% to 453.67 million SKR, suggesting that smart money selling and retail profit-taking led to approximately 44.8 million tokens flowing onto trading platforms, exacerbating market volatility.
- Whale Investors Accumulate: Despite the smart money reduction, whale holdings increased by 40.78% over the past 24 hours, adding about 16.3 million SKR to reach a total of 56.49 million tokens, indicating a contrarian investment strategy by whales during price declines.
- Critical Support Level Analysis: The Money Flow Index shows bullish divergence even as prices fall, suggesting potential accumulation near the critical support level of $0.028, with a breakdown potentially opening downside risk toward $0.0120.
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Technical Analysis for FLOW
Technical Sentiment Analysis for Flow (FLOW) As of , Flow (FLOW) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for FLOW stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, FLOW is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Flow (FLOW) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0166 | 0.0262 | 0.0366 | 0.0461 | 0.0565 | 0.0661 | 0.0765 |
| Fibonacci | 0.0262 | 0.0338 | 0.0385 | 0.0461 | 0.0537 | 0.0585 | 0.0661 |
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