thecoinrepublic.com
- 1 FLOW price prediction suggests that the rally will continue in December.
- 2 The EMAs in the Flow crypto reverses upward and prepares for golden crossover.
- 3 The buying volume in Flow crypto surged which positively impacted the price.
FLOW price prediction says bulls are returning to the track and the next phase of the rally will be visible soon. It surged 12% in a single day and displayed a giant bullish candle.
Moreover, it broke out of the $0.800 hurdle and buyers succeeded in taking control of the supply zone. It shows the strength and confidence of bulls.
The 50-day and 200-day EMA is sloping upward and the price sustaining above it showcases an uptrend.
Meanwhile, Flow crypto also witnessed a massive spike in the buying volume and price followed the same direction. It shows that genuine buyers have injected the money so the price is likely to sustain higher levels.
In November, FLOW price consolidated into the narrow range and displayed the signs of base formation. Finally, in December, the price broke the higher range and expanded upward.
The chart pattern of Flow crypto has turned bullish and the dominance of buyers is visible. At the time of writing, Flow price is trading at $0.812 with an increase of 11.69%. In the last 24 hours, the trading volume is up by 329% and market capitalization increased by 18%.
Is FLOW Price in the Initial Phase of Bull Run?
FLOW price is inside the bulls’ grip and seems to be in the initial phase of the bull run. The buyers look more aggressive as compared to sellers so more scope for the upside is open.
Till the Flow crypto sustains above the 0.593 level the price will remain bullish and any short-term downfall may be bought up. However, the next phase of the rally will trigger when buyers can take control of the $0.900 supply zone.
The analysis suggests that the Flow price is in an uptrend so it might perform well in the future and achieve the $1.00 mark.
Positive Momentum in Flow Price is Still Intact
Flow price showed a surprising recovery from the yearly lows and attracted the attention of long-term investors. The positive momentum is still intact and buyers are trying their best to give follow-up.
Meanwhile, the crypto leaders Ethereum and Bitcoin prices are hitting new YTD highs which improves the market sentiment. So, if the overall market continues to perform then it may positively impact Flow in the short run.
Conclusion
FLOW price prediction says bulls are active and new swing highs are possible in the coming months. The chart pattern had turned bullish so upward momentum may continue in December.
The analysis suggests, Flow crypto is in bulls grip and may achieve $1.00 by month end.
Technical Levels
- Resistance levels: $0.900 and $1.000
- Support levels: $0.593 and $0.500
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.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.