- Flow crypto price is trading between the 20 and 100-Day exponential moving averages.
- Price surged by 56% in February and surpassed the $1 hurdle.
On a wider time frame, the Flow price has been in a bullish trend and registered a 52-week high of $1.70 on March 13, 2024, but in the short term, sellers are dominating. From February to mid-March, the price was jumped by 137%. The bullish trend has disturbed near the $1.70 mark and further performed negatively which has resulted in a 30% drop in a week.
Current Price – $1.20 Price Prediction – $1.26 (5.69%)
Market cap – $1.80 billion Fear & Greed Index – 74 (Greed)
Volume – $159.93 million Green Days – 17/30 (57%)
Sentiment – Bullish 200-day EMA – 0.87
Volatility – 16.87% RSI – 47.89
According to our technical analysis, the (FLOW) price is forecasted to consolidate between the $1.14 and $1.40 levels for the next five days. It is expected to gain 5.69% to reach $1.26 by March 25, 2024. The fear and greed index is 74 (greed) and the volatility is 16.87%. The FLOW price has performed positively for 17 days in the last 30 days which shows the bulls’ strength.
The current market price of FLOW crypto is $1.20 with an intraday gain of 0.58%. The market capitalization of Flow is $1.80 Billion and the 24-hour trading volume is $159.93 Million. The circulating supply is 1,494,894,696 FLOW and the total supply is 1,494,894,696 FLOW. The fully diluted market cap is $1.82 Billion.
Flow Crypto Price vs Volume Analysis
According to the graph of price and volume, the volume has risen continuously since February ($50 Million to $350 Millinon) and the price has also performed positively. On March 13th, the trading volume decreased from $350 Million to $158 Million and the price dropped by approximately 30%. Suppose the trading volume declines further, then it may leave a negative impact on the price.
Will Flow Crypto Price Manage to Defend the $1 Mark?
BINANCE: FLOW/USD 1-Day Chart By TradingView
On a daily time frame, the Flow coin price has been in a bullish trend and rising through a trendline. Currently, the price has slipped below the 20-Day exponential moving average and dropped back to the trendline.
Suppose the FLOW price manages to defend the trendline and surpasses the 20-Day moving average then buyers may show their faith in the dip. If the price reaches the $1.40 mark and trading volume increases then it may record a new 52-week high it may fly further.
On the other hand, if the Flow crypto price fails to defend the trendline then it may easily melt to the $1 mark. But if the price slips below the $1 mark then sellers may become confident and the price may perform negatively.
Turning to the technical indicators, the Flow coin price is struggling between the 20 and 100-Day exponential moving averages which suggests that sellers are taking over. RSI is at 48 which has declined from the overbought zone. Overall, the technical indicators are favoring negative momentum.
Flow Price Prediction Over 4-H Timeframe
Flow crypto price has been declining by facing resistance from a falling trendline. Currently, the price is trying to defend the 200-day exponential moving average. If the price slips below the 200-Day EMA, then selling pressure can be expected.
Alternatively, if the Flow coin price triggers a breakout from the trendline, sustains and trading volume increases, then it may recover previous losses in the next few days. Suppose the price rises to the $1.50 mark then this fall can be converted into a pullback.
Conclusion
Based on the analysis, the Flow crypto price is currently facing some challenges as it struggles to defend key support levels and faces resistance from moving averages. The market sentiment is bullish, but technical indicators are favoring negative momentum. The price prediction suggests that Flow may consolidate between $1.14 and $1.40 over the next five days, with a potential gain to $1.26 by March 25, 2024.
Technical Levels
Resistance Levels: $1.40 & $1.65
Support Levels: $1.10 & $0.86
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.