FLOW Price Prediction: FLOW Gaining Pace, Will It Cross $1 Mark?

• FLOW coin reveals buying momentum and bounced from the 20-Day EMA mark.
• Buyers are eyeing to cross the round mark of $1 soon.

FLOW coin price escaped the downward trendline and sharply reversed from the support zone of $0.700. Afterward, the coin noted a V-shaped reversal, soaring over 35% this week. However, the coin is trading close to the round mark of $1, which bulls are trying to escape; if it succeeds, it will spike toward the $1.10, the supply region.

FLOW coin price is trading above the key moving averages and has gained momentum in the past sessions. In a recent tweet, Flow said the firm is ready to host the Hacker House at ETHDenver from February 27 to March 3. This weekly conference brings up networking opportunities, etc. With this statement, buying sentiments and higher high swings were displayed, and bulls are soon eyeing to escape the $1 mark.

The Flow coin (FLOW) price was $0.9643 at press time, with an intraday gain of 6.73%, showing bullishness on the charts. Moreover, the trading volume has increased by 68.45% to $106.60 Million. The pair of FLOW/BTC is at 0.0000187 BTC, and the market cap is $45 Billion. Analysts are neutral and suggest that the Flow coin (FLOW ) price will attain momentum and may surpass $1.10 soon.

FLOW Displays Trendline Breakout On Daily Charts 

On the daily charts, FLOW price has jumped above neutrality, revealing a trendline breakout in the past sessions. Afterward, the bulls gained traction and displayed follow-on buying momentum. The trend is also intact, and short covering moves may stretch the coin above $1 shortly. Per the technicals, the upside of $1.10 is the immediate major hurdle that bulls are targeting.

The RSI curve stayed in the overbought zone and displayed a negative divergence, which signifies volatility for the upcoming sessions. Moreover, the MACD indicator showed a bullish crossover, directing the positive outlook. Per the Fib levels, the coin has escaped the 38.2% zone and is heading toward the 50% zone.

FLOW Exhibits Reversal From Demand Zone On Weekly Charts 

FLOW coin witnessed a falling wedge breakout near the support zone of $0.400, and a trend reversal led to a recovery of over 120% in the past weeks. Following the market surge, the coin is sustaining gains on the bullish track and is poised to escape the 50-Day EMA mark, which is the primary hurdle. If the barrier of $1.10 escaped, the coin will retest $1.40 soon.

Summary

The Flow coin (FLOW) price has glimpsed a trend reversal and is stretching the up move toward the $1 mark, revealing buying momentum. Furthermore, the bulls have gained traction and want to extend the upward movements in the next sessions.

Technical Levels

Support Levels: $0.9500 and $0.9200

Resistance Levels:$1 and $1.10

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.