Flow is a blockchain platform that aims to support consumer-scale decentralized applications, especially those related to gaming, NFTs, and the metaverse.
Flow crypto was created by Dapper Labs, the company behind popular projects such as CryptoKitties and NBA Top Shot.
Flow achieves high performance at low cost without sacrificing security or deployment by using a new model that separates the responsibilities of different nodes in the network.
Flow also has a very unique proprietary smart contract language called the Cadence, designed to be secure, extensible and easy to use for developers and users.
Flow has its own cryptocurrency history called FLOW, which is used for staking, paying transaction fees, and creating private tokens on the network.
FLOW has a fixed supply of 1.47 Billion coins, which are distributed among various stakeholders such as the team, investors, validators, and community members.
FLOW is traded on several cryptocurrency exchanges, such as Binance, OKX, and Kraken.
Flow also hosts a vibrant ecosystem of applications and digital assets that are built on its blockchain, such as NBA Top Shot, NFL ALL DAY, CryptoKitties, and more.
Flow aims to be the foundation of Web3 and the open metaverse, empowering developers and creators to innovate and reach mainstream audiences with their decentralized products and services.
Will this Demand Zone Boost FLOW Price Upwards?
The FLOW crypto has shown signs of a turnaround as the price rose from the $0.600 mark. Moreover, the FLOW crypto is ripe for a splendid surge, as it harnesses energy to pierce the resistance level and climb to new altitudes from the current demand zone.
The Flow crypto asset is displaying bullish characteristics and could extend its gains. It had performed well last week, last month, and over the last three months, by 97.92%, 34.65%1 and 26.48% respectively, highlighting a consistent uptrend.
The Flow crypto surged by 5.04% in the last 24 hours, and is currently trading at $0.855. The next objective for the FLOW price is to reach $1.000. However, if the FLOW token price fails to stay above the $0.700 level, it could decline further.
The FLOW token asset is demonstrating bullishness and positive momentum as it keeps above major trend EMAs, subject to the buyers’ surge.
The FLOW crypto asset is showing bullish signs and the RSI is above the 50 level, surging after taking a support from 14 SMA, indicating that the asset is still in a bullish zone and could go higher.
Summary
The FLOW crypto is ripe for a splendid surge, as it harnesses energy to pierce the resistance level and climb to new altitudes from the current demand zone
Therefore, if the demand for the FLOW token stays at peak consistently, the crypto price could surge further. The next objective for the FLOW price is to reach $1.000
Technical Levels
Support Levels: $0.700
Resistance Levels: $1.000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
Source: https://www.thecoinrepublic.com/2023/12/09/flow-crypto-is-showing-bullish-signs-how-long-will-it-last/