Flow Crypto Price Levels

Flow crypto has stealthily climbed its way up the crypto ladder, in the last four weeks Flow crypto has pumped over 80% in price. Now achieving a market capital of almost $3 billion it leaves us to wonder what the potential is for Flow in the next crypto bull run?

So far August is proving to be a good month for the cryptocurrency markets and Bitcoin is up 5.56%. If Bitcoin can close this monthly candle as green, this will be the second monthly green candle in a row.

Is Flow crypto a strong investment choice?

Flow Crypto Price Prediction 2022

On the 4th of August 2022 Flow crypto generated huge transaction volume and the price surged over 53% from $1.84 to $2.50. The main reason why Flow has pumped so massively recently is due to a new partnership with Instagram.

This is a huge milestone for Flow as it means the Flow Network is going to be the first blockchain to ever be supported by Meta as they introduce digital collectibles (hint, NFTs?) to collectors and the creators of Instagram.

The news alone was a major price catalyst and created incredible excitement amongst holders. This partnership has added massive value to the Flow Network which increases investment appetite. Fundamentals like this always remain important as it helps bring in new trading volume and unique holders for the ecosystem thus increasing the network value.

Despite the FUD around the tokenomics and circulating supply of Flow crypto I do think there is certainly a very bright future ahead for the project. If Meta recognises value in Flow Network I am sure retail investors will too, following in their footsteps.

Flow Crypto Price Analysis

From a technical analysis perspective Flow crypto has broken through some critical resistance levels. We are still in a bear market however, so it should be worth noting that we can still likely get rejected at key resistance areas and crypto is still in a macro downtrend.

Flow Crypto Price Levels

Flow/Usdt -Daily Time Frame. 

Currently Flow crypto is trading within an ascending channel pattern following its recent parabolic rally. The market sentiment has also shifted from extreme fear to almost neutral and investors are gaining slight confidence and hopes of recovery once again.

Whilst it is easy to get bullish I am considering some historical factors which could mean we might see a bearish reversal. Of course this still depends on the trajectory of Bitcoin and the decisive moves it wishes to make.

The last time Flow crypto was overbought on the daily relative strength index was on the 2nd of April 2022. Following this we saw an 85% drop in the overall value of Flow crypto.

We are now in the same overbought position on the relative strength index and I do believe we are quite over extended as traders fomo in from the euphoria associated with the pump. A key level of support Flow crypto must now respect is $2.48.

If we can consolidate within the ascending channel and hold we could potentially see a massive impulse wave to the upside with a technical target taking us to around the $4.48 price levels.

Flow Crypto Ascending Channel

Flow/Usdt -Daily Time Frame. 

The tricky part will be breaking through the $3.28 resistance level as Flow crypto had a lot of rejections here when we had the crypto crash in May from the Terra Luna incident. We could almost describe this as a black swan event.

For the remainder of 2022 I would be keen to see Flow Network repossess the $4 price levels, whilst it is tricky to forecast the markets as we navigate through the crypto bear market Flow Network certainly has a lot to boast about.

Flow Crypto Video Analysis

As we can see, Flow crypto certainly looks promising in the long-term, however if you’re looking to book major profit in the short-term I think the risk is already quite high. The golden accumulation range in my opinion was between $1-2.

What is Flow Crypto?

Flow crypto is a rapid, decentralized, and developer-friendly blockchain. Flow crypto empowers developers to build thriving crypto and crypto-enabled businesses. Primarily, Flow Network is designed to be the foundation for the next generation of games, apps and digital assets. Flow is the only layer-one blockchain originally designed by a team which has persistently achieved fantastic consumer blockchain experiences. Take Dapper Wallet, NBA Top Shot and CryptoKitties as an example.

FLOW is the native currency for the Flow Network and is the gateway to a brand new borderless and seamless digital economy. Flow, being the digital instructure, means that FLOW token is the fuel that powers the network. FLOW currency is required for the entire network to function and to run all of the applications.

There are four major unique selling points that Flow Network likes to focus on. Four major pillars forge Flow Network. Multi-role architecture, resource-oriented programming, developer economics and consumer onboarding together. In addition to this Flow Network also likes to show off it’s incredible multi-node architecture, this really is a developers paradise. In my opinion this is what makes Flow Network unique amongst other blockchains.

If you are looking to add Flow crypto to your portfolio, one of the safest places to do so is on Binance.

Cryptoassets are a highly volatile unregulated investment product.

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