Flow (FLOW) Price Prediction 2023 – Will FLOW Hit $3 Soon?
Bullish FLOW price prediction for 2023 is $1.069 to $3.294.
The FLOW price will also reach $3 soon.
Bearish FLOW price prediction for 2023 is $0.654.
In Flow (FLOW) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about FLOW to analyze the future movement of the cryptocurrency.
Flow (FLOW) Current Market Status
Current Price
$0.729
24 – Hour Trading Volume
$26,156,641
24 – Hour Price Change
3.8% down
Circulating Supply
1,036,200,000
All – Time High
$42.40 (On April 05, 2021)
FLOW Current Market Status
(Source: CoinGecko)
What is Flow (FLOW)?
Flow (FLOW) is the native cryptocurrency of the Flow blockchain. Flow blockchain is a layer-1, peer-to-peer (P2P), and user-friendly blockchain. Dapper Labs revealed the plan of launching the Flow blockchain in 2019.
Flow uses the proof-of-stake (PoS) consensus protocol to secure the blockchain. The network possesses four kinds of nodes: Collector (for efficency), Execution (for speed and scalability), Verifier (for Accuracy), and Consensus (for decentralization). Flow’s creator Dapper Labs are well-known for creating and launching projects like Cryptokitties, and NBA TopShot.
Flow (FLOW) serves as the payment and governance token within the flow ecosystem. Users pay FLOW to access the services and create dApps. They can also take part in securing the blockchain by staking FLOW tokens.
Flow (FLOW) Price Prediction 2023
Flow (FLOW) holds the 50th position on CoinGecko right now. FLOW price prediction 2023 is explained below with a daily time frame.
The above chart of FLOW laid out the Horizontal channel pattern, also known as sideways trend. In order to indicate how the price is constrained between the upper line of resistance and lower line of support, horizontal channels are trend lines that join changeable price highs and lows.
Currently, Flow (FLOW) is at $0.729. If the pattern continues, the price of FLOW might reach the resistance level of $0.756 and $0.890. If the trend reverses, then the price of FLOW may fall to $0.644.
Flow (FLOW) Support and Resistance Levels
The chart below shows the support and resistance levels of Flow (FLOW).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels of the Flow (FLOW).
Resistance Level 1$1.069Resistance Level 2$1.819Resistance Level 3$3.294Support Level$0.654FLOW/USDT Support and Resistance Level
The charts show that FLOW has performed a bullish trend over the past month. If this trend continues, FLOW might run along with the bulls overtaking its resistance level at $3.294.
Accordingly, if the investors turn against the crypto, the price of the FLOW might plummet to almost $0.654, a bearish signal.
Flow (FLOW) Price Prediction 2023 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Flow (FLOW) is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, the RVOL of FLOW lies below the cutoff line, indicating strong participants in the current trend.
Moreover, the Moving Average (MA) of Flow (FLOW) is shown in the above chart. Notably, the FLOW price lies below 50 MA (short-term), so it is completely in a downward trend. Currently, FLOW is in a bearish state. There is a possibility of a reversal trend of FLOW at any time.
Meanwhile, the relative strength index (RSI) of the FLOW is at a level of 38.49. This means that FLOW is nearly in an oversold state. However, this gives confidence to the traders to trade without any fear.
Flow (FLOW) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Flow (FLOW). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Flow (FLOW). Currently, FLOW lies in the range of 60.507, indicating a very strong trend.
From the above chart, the Relative Volatility Index (RVI) of Flow (FLOW). RVI measures the constant deviation of price changes over a period of time. The RVI of FLOW lies above 50, indicating high volatility. In fact, FLOW’s RSI is at 38.49, thus confirming a potential sell signal.
Comparison of FLOW with BTC, ETH
The below chart shows the price comparison between Bitcoin, Ethereum, and Flow (FLOW).
From the above chart, we can interpret ETH, BTC, and FLOW are moving in a similar trend but with slight differences. This indicates that when the price of BTC increases or decreases, the price of ETH and FLOW increase or decrease respectively. The momentum of FLOW is increasing over that of ETH.
Flow (FLOW) Price Prediction 2024-2030
Numerous factors are taken into account when forecasting prices including volume changes, price variations, market cycles, and similar coins. Let’s predict the price ofFlow (FLOW) between 2024 and 2030.
Flow (FLOW) Price Prediction 2024
With several upgrades in the network, Flow (FLOW) might enter a bullish trajectory. If the coin grabs the attention of major investors, FLOW might rally to hit $12 by 2024.
Flow (FLOW) Price Prediction 2025
If Flow (FLOW) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, FLOW would rally to hit $13.5.
Flow (FLOW) Price Prediction 2026
If Flow (FLOW) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, FLOW would rally to hit $15.
Flow (FLOW) Price Prediction 2027
If Flow (FLOW) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, FLOW would rally to hit $17.
Flow (FLOW) Price Prediction 2028
If Flow (FLOW) holds up a strong stance as a better investment option for the next 6 years, it might witness significant price rallies. Thus, by 2028, FLOW would hit $18.5.
Flow (FLOW) Price Prediction 2029
If investors flock in and continue to place their bets on Flow (FLOW), it would witness major spikes. FLOW might hit $20 by 2029.
Flow (FLOW) Price Prediction 2030
With greater advancements in the Flow ecosystem, the crypto community might continue to invest in Flow (FLOW) for the next 8 years and drive significant price rallies for the token. Hence, Flow (FLOW) might hit $25 by 2030.
Conclusion
With continuous improvements in the Flow network, we can say that 2023 is a good year for FLOW. For this reason, the bullish price prediction of Flow (FLOW) in 2023 is $3.294. On the other hand, the bearish price prediction of Flow (FLOW) for 2023 is $0.654.
Furthermore, with the advancements and upgrades in the Flow ecosystem, the performance of Flow (FLOW) might hit $3 gaining investors’ attention. It would also rise to reach above its all-time high (ATH) of $42.40 in the near future.
FAQ
Flow (FLOW) is the native token of the Flow blockchain. Flow is a peer-to-peer, layer 1 blockchain that operates based on the proof-of-stake (PoS) consensus with a multi-nodes model.
Flow (FLOW) has been listed on many crypto exchanges which include Binance, FMFW.io, HitBTC, Bitrue, WhiteBIT, OKX, and Coinbase.
With the ongoing developments and upgrades within the Flow platform, Flow (FLOW) has a high possibility of reaching its ATH soon.
On April 05, 2021, Flow (FLOW) reached its new all-time high (ATH) of $42.40.
Flow (FLOW) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Flow in the past few months, FLOW is considered a good investment in 2023.
Flow (FLOW) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Flow (FLOW) will hit $3 soon.
Flow (FLOW) price is expected to reach $5 by 2024.
Flow (FLOW) price is expected to reach $8 by 2025.
Flow (FLOW) price is expected to reach $11 by 2026.
Flow (FLOW) price is expected to reach $14 by 2027.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
Filed under: Bitcoin - @ January 5, 2023 11:15 am