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- 1 The Flow (FLOW) crypto staged a comeback from the 20-day EMA and jumped near the $1 level.
- 2 FLow crypto currently trades near $1.01, registering an intraday negative development of 0.06%.
The Flow crypto regained traction in the last couple of sessions and currently seems to be stabilizing at $1.01 level. It took a rebound from the 20-day EMA after a week of consolidation near the previous swing high and the round level of $1.
Moreover, on Thursday the buyers made a comeback after a short-term pullback and made its way towards the weekly high. The buyers were in clear domination in the last two sessions, which might continue in the third session.
On Saturday, the FLOW price exhibits volatility as an indecisive candle is observed by the afternoon session. The buyers intend to keep the price higher with the previous momentum, whereas the sellers are trying to defend the round level of $1.
The buyers have regained control of the trend and might surpass the $1 huddle if resumes with momentum on the higher side. It might be a good opportunity for the short-term traders and investors to enter with proper stop-loss and might be benefited with a good reward against a small risk.
Is the Flow Crypto Poised to Surpass the $1 Hurdle?
The short-term trend reversed its course and turned bullish a couple of weeks ago, when the crypto bottomed out near the 200-day EMA and broke above the previous swing high of $0.8 level.
Moreover, the sellers tried to regain control near the $1 level, but the buyers seemed aggressive and it resulted in a short-term consolidation near the round level of $1 followed by a bullish wave.
Currently, the Flow price holds near a round level of $1 and might register a breakout soon. The breakout of the $1 hurdle may unlock upside potential of 20 to 30% in the short term.
Flow Crypto Technical Outlook
The technical indicators support the continuation of the initiated bullish wave in the crypto. The price trades comfortably above the 20, 50 and 200-day EMAs, indicating the resumption of a positive trend.
The MACD indicator also seems to be supporting a bullish continuation. The MACD line and signal line are placed above the zero line and are diverging, indicating a positive outlook ahead.
Flow Price Prediction For February 2024
If the bullish momentum continues and the hurdle of $1 breaks, the FLOW cryptocurrency may easily achieve $1.2 level before the Month end.
However, if the sellers are able to hold the price below $1 level and invalidate any breakout on the higher side, it may result in a consolidation or correction in the price that may drag the price back near the lower levels of $0.85 and $0.8.
Flow Price Prediction for 2024
The price forecast for 2024 shows that the Flow crypto may advance to a high of $1.780, suggesting a potential of 68.7% on the higher side. The less optimistic analysts estimate a price target of $1.437 by the end of the year. 2024
Flow Price Prediction for 2025
As per the most positive view of our analysts, the Flow cryptocurrency may claim a high of $2.70 level, suggesting an upside potential of 156.06% by 2025. The pessimistic view is that the price could reach $1.940 by the end of the financial year 2025.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
