Standing amongst the highest performers, this altcoin showcases a fast bullish pattern reversal with elevated momentum. FLOW value is on a rally because it jumps 80% within the final 30 days, ensuing within the $1 breakout.
With a streak of bullish candles, FLOW ranks #57 within the prime 100 cash with a market of $1.95 Billion. Buying and selling at a reduction of 97% from its all-time excessive of $46, the altcoin projecting pattern reversal gives an awesome early entry alternative for sideline merchants. Try our FLOW value prediction for a long-term evaluation.
Restoration Development Challenges March 2023 Peak
Launching from a strong ascent alongside the 200-day Exponential Transferring Common (EMA), the worth of FLOW is heading in the right direction for a bullish trajectory, marking a major leap previous the $1 psychological threshold. Moreover, the present restoration is on par to eclipse the excessive seen in March 2023.
Supply- Tradingview
With FLOW’s value breaching the $1 milestone, it heralds a psychological resurgence for the altcoin, enhancing the probability of a continued upward motion. Presently, the each day chart reveals a 6.7% improve in value, sustaining its momentum following an 8.05% surge the earlier evening.
At the moment, the FLOW value trades at $1.30, and a 60% surge in buying and selling quantity is bolstering the probabilities of a value soar.
Will The FLOW Worth Attain $2?
Because the bullish pattern good points momentum, breakout likelihood is growing considerably. Additional, the continuing bull market, fueled by elevated investor optimism, guarantees a long-term uptrend.
At the moment, the FLOW value tasks the $1.30 breakout as a pivotal milestone with a rounding backside reversal. Additional, the Fibonacci ranges current the $1.80 and $2 as the following potential targets for the altcoin. Optimistically, a pattern continuation can result in a $2 breakout and finally cross $5 in 2024.
Technical Indicators:
RSI Indicator: The each day RSI line exhibits no divergence from the uptrending FLOW costs and dangles close to the overbought boundary at 70%.