Flow Price Prediction – How Much Will Flow Be Worth in 2021?

Flow Price Prediction – How Much Will Flow Be Worth in 2021?
  • Bullish Flow price prediction ranges from $26.9 to $42.2.
  • Flow price might also reach $50 soon.
  • Flow bearish market price prediction for 2021 is $19.27.

In Flow (FLOW) price prediction 2021, we use statistics, price patterns, RSI, and much other information about Flow to analyze the future movement of the cryptocurrency. 

Flow is a decentralized developer-friendly blockchain ecosystem. Moreover, it is developed as the foundation for a new generation of games, applications, and the digital asset that powers. More so, the FLOW is the layer-one blockchain that was developed originally by a team that has gradually delivered great consumer blockchain experiences like CryptoKitties, NBA Top Shot, Dapper Wallet. 

Let us see about the Flow price prediction 2021.

Current Market Status of Flow (FLOW) 

According to CoinGecko, the Flow price is trading at $23.3 with a 24-hour trading volume of $109,200,577, at the time of writing. However, FLOW has increased by 1.13% in the last 24 hours. 

Currently, Flow trades in cryptocurrency exchanges such as Binance, OKEx, Huobi Global, FTX, and Upbit.

Flow (FLOW) Price Prediction 2021

Flow (FLOW) holds the 78th position on CoinGecko right now. Flow price prediction 2021 explained below with a daily time frame. 

  FLOW/USDT Showing Descending Triangle Pattern (Source: TradingView)

The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern.

As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete.

Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish.

Currently, FLOW is trading at $23.29. After this, NANO may continue to fall or rise according to the direction of breakout. With this pattern, NANO might reach the resistance level at $45.25 soon, if the trend breaks out at $28.49. If the trend reverses, then the price of FLOW may fall to $7.8.

Flow (FLOW) Support and Resistance Level

The below chart shows the support and resistance level of Flow (FLOW). 

 FLOW/USDT Support and Resistance Level (Source: TradingView)

  From the above chart, it is observed that the following are the resistance and support levels of Flow.

  • Resistance Level 1 – $26.9
  • Resistance Level 2 – $42.2
  • Support Level 1 – $19.27
  • Support Level 2 – $11.69
  • Support Level 3 – $5.88

The chart depicts the bullish performance of Flow over the previous month. However, this trend will continue to reach a resistance level at $42.2 soon. Even more, if the trend reversed then Flow might fall to $11.69 presenting a bearish signal.

Flow (FLOW) Average Directional Index (ADX)

Let us now look at Flow’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

 FLOW/USDT ADX (Source: TradingView)

  The above chart represents the ADX of Flow. Currently, Flow lies in the range at 14.47, so it indicates a strong trend. This shows that the price of ADX can go bullish in the future.

Conclusion

The Flow is one of the cryptos which is great for long-term investment. In addition, Flow price prediction is bullish for a short-term. It has a good chance of reaching $26.9 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Flow ecosystem, the performance of Flow would rise reaching $42.2 very soon. But, it might also reach $50 if the investors believe that Flow is a good investment in 2021.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Cryptocurrency and blockchain tech interest has enticed Carolyna to write for NewsCrypto. She made her personal mission to help non-crypto geeks to understand the technology with ease.