FLNC SINKS THROUGH KEY SUPPORT 🪦⚡
The 4‑hour candle ripped
$FLNC below the $7.0249 order‑block, dumping the token 22.5% in 24 h and snapping the $8.29 mid‑range demand zone. Volume surged past $16 M, confirming that institutional sellers are anchoring the move rather than a fleeting retail panic. 😧
Price now hovers just above the $7.0249 cluster, a former supply‑side pivot that has been tested twice in the last 48 h. A break beneath this level would flip the imbalance, exposing
$FLNC to a deeper correction toward the $6.99 low. The broader altcoin sector shows a tightening of order‑blocks as risk appetite wanes, suggesting the current pullback may be structural rather than a healthy retrace. ⚠️
The $9.5420 resistance line, which anchored the recent high, is now out of reach, and each attempt to reclaim it has been met with aggressive sell pressure. With futures open interest rising on the short side, the momentum acceleration points to further downside unless a decisive demand burst re‑establishes
$FLNC above the $7.1 threshold. 📉
Levels to monitor:
Watching support around $7.00
Structure suggests resistance near $7.10
Mid range area: $8.29
DYOR
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