Ethereum

Flow

2024

Bitcoin

<ul class="list-ic vertical">
 <li><span>1</span> <a>At press time, the Flow price was trading close to $1.41, recording a significant Intraday Gain of 6.08%&nbsp;</a></li>
 <li><span>2</span> <a>The Flow crypto took rebound from the 20-day exponential moving average and resumed its way towards north.&nbsp;&nbsp;</a></li>
</ul>
<p>The Flow crypto extended its way towards the higher side on Saturday after taking a pause on Friday. The bulls are retaining control of the trend and intend to close in the green for the fifth week continuously.&nbsp;</p>
<p>The daily chart shows that the Flow crypto has been holding higher for all the sessions except Tuesday, suggesting the strength of buyers over the charts. The bears attempted to push the price lower on Tuesday to regain control of the trend.&nbsp;</p>
<p>However, the bulls made a comeback in the evening sessions, and a pin bar candlestick was observed on the charts. The FLOW crypto bounced back from the 20-day EMA and extended its journey on the higher, erasing the gains.&nbsp;</p>
<p>The buyers are playing aggressive bullish bets, which is why the FLOW crypto is projecting an upward trajectory and gaining momentum.&nbsp;</p>
<p>On the higher side, the $1.5 may act as a recent supply and a profit booking zone for investors who have received satisfactory returns in recent months. However, the price rise is backed by momentum and might surpass the $1.5 level without failure.&nbsp;</p>
<p>If the buyers can break and sustain above the $1.5 level, it may attract more buying volumes to target a big leap toward the $2 level. It suggests a potential gain of nearly 40% from the CMP.&nbsp;</p> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), Volume (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bitcoin&amp;pt=BTC&amp;df=2023-11-07T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bflow%3BFLOW%5D%3B%5B1%3Bvolume_usd%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23230e0e%3B%23FFCB47&amp;ws=%7B%22node%22%3A%22area%22%7D%3B" scrolling="no"></iframe>
<h2 class="wp-block-heading" id="strong-flow-crypto-volume-analysis-strong"><strong>Flow Crypto Volume Analysis</strong></h2>
<p>Moreover, the volume analysis shows that the FLOW cryptocurrency has received $132.04 Million in volume, which is 14.95% more than the previous day. The price vs Volume charts describe a surge in volume along with the price rise, suggesting the continuation of the ongoing trend.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-open-contracts-are-rising-in-the-recent-sessions-strong"><strong>Open Contracts are Rising in the Recent Sessions!</strong></h2> <iframe loading="lazy" title="Santiment Chart: Price (FLOW), Total Open Interest in USD (FLOW)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=bitcoin&amp;pt=BTC&amp;df=2023-11-07T00%3A00%3A00.000Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bprice_usd%3Bflow%3BFLOW%5D%3B%5B1%3Btotal_open_interest%3Bflow%3BFLOW%5D&amp;wax=0%3B1&amp;wc=%23713535%3B%23042a95&amp;ws=%7B%22node%22%3A%22area%22%7D%3B%7B%22node%22%3A%22bar%22%7D" scrolling="no"></iframe>
<p>The OI data shows the Total number of open contracts in the Flow Crypto. The IO data analysis saw a continuous rise in the number of OI contracts in the recent sessions. Open contracts have grown from 18 million to 28 million in the past three sessions, indicating a potential rise in future sessions.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-technical-indicators-suggest-a-trend-continuation-strong"><strong>Technical Indicators Suggest A Trend Continuation.&nbsp;</strong></h2>
<p>From a technical point of view, the FLOW cryptocurrency price trades higher above all the short-term and long-term key exponential moving averages of 20, 50, and 200 days. It suggests a positive trend that might continue to prevail in the short term.&nbsp;&nbsp;</p>
<p>When writing, the RSI line was placed at 77.30, and the 14-day SMA line was placed at 72.82. Both the lines were placed above the mean line, and a bullish crossover of both the lines was observed, indicating the continuation of a positive trend.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/JDv0D1__DBBhWZePXWbKCYnglPKhPcEjJqbcZOOoTwQoboYlsY8YRmr11vc4kRLbcF2STI0QQCFoNLjtqO7X-izY4ekaHWcEWZ_Ai_5l_CKlkDT6y0Vbiyp74aXHvYYgQYtn9e2b5WiOI3znaW7tq_E" alt="Flow Crypto">
 </figure>
</div>
<p>The social volume seems to be rising in the recent sessions with the rise in price. It indicates a continuation of the ongoing short-term trend. The rise in the social volume also indicates the rising awareness of the crypto among the users.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-flow-price-prediction-2024-strong"><strong>Flow Price Prediction 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-1024x472.png" alt="Flow Crypto" class="wp-image-196232" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/03/image-187.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   FLOW/USD Chart by TradingView
  </figcaption>
 </figure>
</div>
<p>The trend outlook is positive in the short and long term, which may keep on fueling the price to attain higher targets. On the other hand, meerkat leaders like Bitcoin and Ethereum are on the way to reclaiming record highs.&nbsp;</p>
<p>Bitcoin has already achieved its ATH value and is thirsty for more gains. The sentiments are in the sky as most cryptos are rising to reclaim their old reputation following the market leaders.&nbsp;</p>
<p>The short term price prediction of our analysts hopes for the crypto price to jump nearly 40% in March and conquer the $2 level. Conversely, the bears might need to wait until a better opportunity arises.&nbsp;</p>
<p>On the lower side, bears may attempt to take over the trend control if the bulls fail to sustain above the dynamic support of the 20-day exponential moving average.&nbsp;</p>
<h3 class="wp-block-heading" id="strong-conclusion-strong"><strong>Conclusion</strong></h3>
<p><a href="https://www.thecoinrepublic.com/2023/12/09/flow-crypto-is-showing-bullish-signs-how-long-will-it-last/" target="_blank" rel="noopener noreferrer nofollow">Flow Crypto </a>has been on a gaining streak for the last four consecutive weeks. The bulls are retaining control of the trend and intend to close in the green for the fifth week. The volume and open interest contracts are rising parallel to the price rise, suggesting a continuation of the trend.&nbsp;</p>
<p>Moreover, the technical indicators imply a positive outlook in the short and long term. The price has rebounded from the 20-day EMA and may take a big leap towards the $2 level if it continues to rise with momentum.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical levels:</strong></h4>
<ul>
 <li>Support levels: $1.14 and $1.06</li>
 <li>Resistance levels: $1.51 and $1.99</li>
</ul>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>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.</p>

Flow Crypto: Is FLOW All Set to Make a Big Leap Towards $2?

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