FLEX Coin is Trading -17.23% Below Our Price Prediction for Jun 18, 2023

FLEX Coin is Trading -17.23% Below Our Price Prediction for Jun 18, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • FLEX Coin is down -6.60% today against the US Dollar
  • FLEX/BTC decreased by -6.55% today
  • FLEX/ETH decreased by -6.71% today
  • FLEX Coin is currently trading 17.23% below our prediction on Jun 18, 2023
  • FLEX Coin gained 251.00% in the last month and is up 2,590.00% since 1 year ago
FLEX Coin price$ 2.58
FLEX Coin prediction $ 3.12 (20.81%)
Sentiment Bullish
Fear & Greed index 45 (Fear)
Key support levels$ 2.17, $ 1.85, $ 1.52
Key resistance levels$ 2.83, $ 3.16, $ 3.49

FLEX price is expected to rise by 20.81% in the next 5 days according to our FLEX Coin price prediction

FLEX Coin price today is trading at $ 2.58 after losing -6.60% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 3.71% in the same time period. FLEX performed poorly against BTC today and recorded a -6.55% loss against the world’s largest cryptocurrency.

According to our FLEX Coin price prediction, FLEX is expected to reach a price of $ 3.12 by Jun 18, 2023. This would represent a 20.81% price increase for FLEX in the next 5 days.

FLEX Price Prediction Chart

Buy/Sell FLEX Coin

What has been going on with FLEX Coin in the last 30 days

FLEX Coin has been displaying a positive trend recently, as the coin gained 251.00% in the last 30-days. The medium-term trend for FLEX Coin has been bullish, with FLEX increasing by 35.51% in the last 3 months. The long-term picture for FLEX Coin has been positive, as FLEX is currently displaying a 2,590.00% 1-year price change. On this day last year, FLEX was trading at $ 0.096017.

FLEX Coin reached its all-time high price on Jun 12, 2023, when the price of FLEX peaked at $ 2.84. The current FLEX cycle high is $ 2.58, while the cycle low is at $ 2.40. FLEX has been displaying high volatility recently – the 1-month volatility of the coin is at 48.43. FLEX Coin recorded 20 green days in the last 30 days.

FLEX Coin technical analysis for today – Jun 13, 2023

The sentiment in the FLEX Coin markets is currently Bullish, and the Fear & Greed index is reading Fear. The most important support levels to watch are $ 2.17, $ 1.85 and $ 1.52, while $ 2.83, $ 3.16 and $ 3.49 are the key resistance levels.

Bullish sentiment for FLEX Coin

28 indicators are currently signaling a bullish prediction for FLEX Coin, while 4 indicators are showing a bearish forecast. With 88% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for FLEX Coin.

Crypto market is currently experiencing Fear

Currently, the Fear & Greed index is at 45 (Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

FLEX Coin moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how FLEX Coin is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly Exponential
MA3$ 2.38 (BUY)$ 2.50 (BUY)
MA5$ 2.39 (BUY)$ 2.40 (BUY)
MA10$ 1.96 (BUY)$ 2.14 (BUY)
MA21$ 1.43 (BUY)$ 1.69 (BUY)$ 1.37 (BUY)$ 1.27 (BUY)
MA50$ 1.10 (BUY)$ 1.38 (BUY)$ 0.673179 (BUY)$ 1.29 (BUY)
MA100$ 1.48 (BUY)$ 1.29 (BUY)$ 2.15 (BUY)$ 1.44 (BUY)
MA200$ 0.998898 (BUY)$ 1.19 (BUY)$ 1.20 (BUY)$ 1.40 (BUY)
PeriodValueAction
RSI (14)73.77SELL
Stoch RSI (14)39.13NEUTRAL
Stochastic Fast (14)83.19SELL
Commodity Channel Index (20)66.67NEUTRAL
Average Directional Index (14)45.82BUY
Awesome Oscillator (5, 34)1.20NEUTRAL
Momentum (10)1.43NEUTRAL
MACD (12, 26)0.13NEUTRAL
Williams Percent Range (14)-16.81SELL
Ultimate Oscillator (7, 14, 28)59.64NEUTRAL
VWMA (10)1.96BUY
Hull Moving Average (9)2.79SELL
Ichimoku Cloud B/L (9, 26, 52, 26)1.79NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for FLEX Coin is at 73.77, suggesting that FLEX is currently overbought.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of FLEX Coin over the last 50 days. Currently, FLEX Coin is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the FLEX closing price for the last 200 days. FLEX is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this FLEX Coin prediction

After considering the above factors, we can conclude that the current forecast for FLEX Coin price prediction is Bullish. FLEX would have to increase by 20.81% to hit our $ 3.12 target within the next five days. Moving forward, it will be important to monitor the FLEX market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term FLEX Coin price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source: https://coincodex.com/article/28465/flex-flex-coin-prediction-june-13-2023/