Flow Price Prediction 2024: Will FLOW reach $2.00 in bull run

• Flow Price Prediction suggests a significant increase in value is possible in the next bull run.
• The FLOW Price is near multi-year low and looks undervalued.
• The Flow crypto price below 50 and 200 day shows downtrend.

Flow Price Prediction suggests a rise and 300% up-move is possible from the current levels. Presently, FLOW Price is near to the multi-year low but the downfall seems to be taking halt and showing signs of base formation. 

The buying volume increased rapidly and Flow Prices shot up 16% in a single day. It denotes prices are undervalued and big players are accumulating at lower levels. Well, the price is below the 50 and 200 day EMA showcase downtrend and acting as a strong hurdle for bullish traders. 

From the past few months, Flow Price is in the correction mode and continues to decline by forming lower low swings. Recently, prices dropped below the crucial support of $0.600 which triggered panic selling. 

Luckily, the buyers got activated near $0.400 and pushed the prices higher. If the buyers are able to regain the $0.600 then a short covering rally might trigger. Flow Price is trading at $0.533 with an intraday rise of 1.52%. The 24 hour volume to market cap is 17.28%. 

Whereas, the pair of FLOW/BTC is trading at 0.00001772 with an intraday rise of 0.80%. The chart structure of Flow with Bitcoin pair is bearish and no signs of reversal is visible.

Will the pull back in FLOW Price reclaim $1.00?

Flow Price had corrected a lot and eroded the complete gains of 2023. Flow Prices tried multiple times to sustain the price above the 50 day EMA but got rejected. It shows the strong sellers are active in the supply zone and any pull back will face difficulty to hold the higher levels. 

However, if the price is able to climb above the 50 day EMA then the probability of reaching $1.00 substantially increases. Flow price will pick the positive momentum only after breakout of $1.00 hurdle. 

On the other hand, if the Flow Price faces rejection from EMA then prices are expected to continue the consolidation. The technical analysis suggests the downfall in FLOW crypto seems to be getting halted and prices are preparing for a pull back rally.

FLOW Price Analysis on Weekly time frame 

FLOW Price formed a bullish reversal candle on the weekly time frame but the confirmation is still awaited. Well, The crypto leader Bitcoin Price looks bullish and holds the $30K mark. 

If the overall market performs then the FLOW price may get positively impacted. The MACD curve displayed a positive crossover and sloping upward indicates mild bullishness. The RSI at 40 sloping north denotes strength and might test the neutral territory in coming days. 

Conclusion 

Flow Price Prediction suggests a 300% rise is possible in the next bull run. Presently, Flow Price is recovering from the multi-year low and buyers seem to be returning back to track. 

The technical analysis suggests, the correction in FLOW is almost over but prices are likely to enter consolidation for base formation.  

Technical levels

Resistance levels: $0.800 and $1.000

Support levels: $0.400 and $0.300

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.