- Bullish FLOW price prediction for 2023 is $0.808 to $1.412.
- Flow (FLOW) price might reach $1 soon.
- Bearish FLOW price prediction for 2023 is $0.243.
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 | $0.6643 |
| 24 – Hour Trading Volume | $138,009,701 |
| 24 – Hour Price Change | 12.80% down |
| Circulating Supply | 1,036,200,000 |
| All – Time High | $46.16 (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) ranks 57th on CoinMarketCap in terms of its market capitalization. The overview of the Flow price prediction for 2023 is explained below with a daily time frame.
FLOW/USDT Descending Channel Pattern (Source: TradingView)
In the above chart, Flow (FLOW) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market.
At the time of analysis, the price of Flow (FLOW) was recorded at $0.7452. If the pattern trend continues, then the price of FLOW might reach the resistance levels of $1.080 and $1.422. If the trend reverses, then the price of FLOW may fall to the support of $0.467.
Flow (FLOW) Support and Resistance Levels
The chart given below elucidates the possible resistance and support levels of Flow (FLOW) in 2023.
FLOW/USDT Support and Resistance Level (Source: Tradingview)
From the above chart, we can analyze and identify the following as the resistance and support levels of Flow (FLOW) for 2023.
| Resistance Level 1 | $0.808 |
| Resistance Level 2 | $1.412 |
| Resistance Level 3 | $0.441 |
| Support Level | $0.243 |
As per the above analysis, if Arbitrum’s (FLOW) bulls take the lead, then it might hit and break through its resistance level of $1.412.
Conversely, if Arbitrum’s (FLOW) bears dominate the trend, the price of FLOW might plunge to $0.243.
Flow (FLOW) Price Prediction 2023 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Flow (FLOW) are shown in the chart below.
FLOW/USDT RVOL, MA, RSI (Source: Tradingview)
The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment.
At the time of analysis, the RVOL of Flow (FLOW) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend.
The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish).
Notably, in the above chart, the FLOW price lies above 50 MA (short-term), indicating its uptrend. Hence, FLOW is in a bullish state. Although this is the current state, a trend reversal might occur.
Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state.
Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal.
At the time of analysis, the RSI of FLOW is at 70.36. Therefore, this indicates FLOW is in overbought state.
Flow (FLOW) Price Prediction 2022 — ADX, RVI
In the below chart, we analyze the strength and volatility of Flow (FLOW) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI).
FLOW/USDT ADX, RVI (Source: Tradingview)
To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100.
According to the data on the above chart, the ADX of FLOW lies in the range of 24.247 pointing out a weak trend.
The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of FLOW lies above 50, indicating high volatility.
Comparison of FLOW with BTC, ETH
Let us now compare the price movements of Flow (FLOW) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs FLOW Price Comparison (Source: Tradingview))
From the above chart, we can interpret that the price action of FLOW is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of FLOW also increases or decreases respectively.
Flow (FLOW) Price Prediction 2024-2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Flow (FLOW) between 2024 and 2030.
Flow (FLOW) Price Prediction 2024
If bulls dominate the price momentum and trend patterns, then Flow (FLOW) might successfully test and surpass its resistance levels to hit $3 by 2024.
Flow (FLOW) Price Prediction 2025
The significant upgrades in the Flow ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Flow (FLOW) price to reach $5 by 2025.
Flow (FLOW) Price Prediction 2026
If Flow (FLOW) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7.
Flow (FLOW) Price Prediction 2027
If Flow (FLOW) sustains major resistance levels and stands as a better investment option in the market, then FLOW would rally to hit $9.
Flow (FLOW) Price Prediction 2028
If Flow (FLOW) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then FLOW would hit $11 by 2028.
Flow (FLOW) Price Prediction 2029
If investors flock in and continue to place their bets on Flow (FLOW), then the crypto would witness major spikes. Hence, FLOW might hit $13 by 2029.
Flow (FLOW) Price Prediction 2030
By 2030, the FLOW price might rally to $15 if the trend momentum aligns in favor of Arbitrum. Furthermore, FLOW would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI.
Conclusion
If Flow (FLOW) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Flow (FLOW) price prediction for 2023 is $1.412. Comparatively, the bearish Flow (FLOW) price prediction for 2023 is $0.243.
If there is a positive elevation in the market momentum and investors’ sentiment, then Flow (FLOW) might hit $1. Furthermore, with future upgrades and advancements in the Flow ecosystem, FLOW might surpass its current all-time high (ATH) of $46.16 and mark its new ATH.
FAQ
1. What is Flow (FLOW)?
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.
2. Where can you buy Flow (FLOW)?
Traders can trade Flow (FLOW) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, Bitrue, and Bybit.
3. Will Flow (FLOW) record a new ATH soon?
With the ongoing developments and upgrades within the Flow platform, Flow (FLOW) has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of Flow (FLOW)?
Flow (FLOW) hit its current all-time high (ATH) of $46.16 on April 05, 2021.
5. What is the lowest price of Flow (FLOW)?
According to CoinMarketCap, FLOW hit its all-time low (ATL) of $0.4354 On June 10 2023.
6. Will Flow (FLOW) hit $1?
If Flow (FLOW) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $1 soon.
7. What will be the Flow (FLOW) price by 2024?
Flow (FLOW) price might reach $3 by 2024.
8. What will be the Flow (FLOW) price by 2025?
Flow (FLOW) price might reach $5 by 2025.
9. What will be the Flow (FLOW) price by 2026?
Flow (FLOW) price might reach $7 by 2026.
10. What will be the Flow (FLOW) price by 2027?
Flow (FLOW) price might reach $9 by 2027.
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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.
