- Bullish FLM price prediction is $0.2805 to $1.1864.
- Flamingo (FLM) price might also reach $2 soon.
- Bearish FLM price prediction for 2022 is $0.0853.
In Flamingo (FLM) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about FLM to analyze the future movement of the cryptocurrency.
Flamingo (FLM) Current Market Status
According to CoinGecko, the price of Flamingo (FLM) is $0.205768 with a 24-hour trading volume of $6,434,942 at the time of writing. However, FLM has decreased by nearly 1.4% in the last 24 hours.
Moreover, Flamingo (FLM) has a circulating supply of 375,129,992 FLM. Flamingo (FLM) trades in cryptocurrency exchanges such as Binance, OKX, Gate.io, OKX, LBank.
What is Flamingo (FLM)?
The Flamingo token (FLM) is the reward token of the Flamingo platform. Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain. By supplying liquidity to the liquidity pools, users can earn the token. By casting a vote in the DAO, FLM token owners can influence the Flamingo platform’s governance.
Flamingo (FLM) Price Prediction 2022
Flamingo (FLM) holds the 347th position on CoinGecko right now. FLM price prediction 2022 is explained below with a daily time frame.
The above chart of Flamingo (FLM) laid out an ascending channel pattern. Ascending channel also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend.
Currently, Flamingo (FLM) is in the range of $0.2012. If the pattern continues, the price of FLM might reach the resistance levels of $0.2759 and $0.5797.If the trend reverses, then the price of FLM may fall to $0.1845, $0.1308 and $0.0896.
Flamingo (FLM) Support and Resistance Levels
The chart below shows the support and resistance levels of Flamingo (FLM).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for Flamingo (FLM).
| Resistance Level 1 | $0.2805 |
| Resistance Level 2 | $0.5719 |
| Resistance Level 3 | $1.1864 |
| Support Level 1 | $0.1588 |
| Support Level 2 | $0.0853 |
The charts show that Flamingo (FLM) has performed a bullish trend over the past month. If this trend continues, FLM might run along with the bulls overtaking its resistance level at $1.1864
Accordingly, if the investors turn against crypto, the price of Flamingo (FLM) might plummet to almost $0.0853, a bearish signal.
Flamingo (FLM) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of Flamingo (FLM) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of FLM lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of Flamingo (FLM) is shown in the chart above. Notably, Flamingo (FLM) price lies above 50 MA (short-term), so it is in an uptrend. Currently, FLM has entered a bullish state. Therefore, there is a possibility of a reversal trend of FLM at any time.
Meanwhile, the relative strength index (RSI) of the FLM is 56.49. This means that Flamingo (FLM) is in an overbought state. However, this means a major price reversal of FLM may occur in the upcoming days. So, traders need to trade carefully.
Flamingo (FLM) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of Flamingo (FLM). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of Flamingo (FLM). Currently, the ADX of FLM lies in the range of 54.5913 and thus, it indicates a very strong trend.
The above chart also represents the Relative Volatility Index (RVI) of Flamingo (FLM). RVI measures the constant deviation of price changes over a period of time. The RVI of FLM lies above 50, indicating high volatility. In fact, the RSI of Flamingo (FLM) is at 56.49 thus confirming a potential sell signal.
Comparison of FLM with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and Flamingo (FLM).
From the above chart, we can interpret that the price action of FLM is similar to BTC and ETH . This indicates that when the price of BTC and ETH increases or decreases the price of FLM also increases or decreases respectively.
Flamingo (FLM) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, Flamingo (FLM) might probably attain $3 by 2023.
Flamingo (FLM) Price Prediction 2024
With several upgrades in the network, Flamingo (FLM) might enter a bullish trajectory. If the coin grabs the attention of major investors, FLM might rally to hit $4by 2024.
Flamingo (FLM) Price Prediction 2025
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 7 years, FLM would rally to hit $5.
Flamingo (FLM) Price Prediction 2026
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, FLM would rally to hit $6.
Flamingo (FLM) Price Prediction 2027
If Flamingo (FLM) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, FLM would rally to hit $7.
Flamingo (FLM) Price Prediction 2028
Flamingo (FLM) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, FLM would hit $8. in 2028.
Flamingo (FLM) Price Prediction 2029
If investors flock in and continue to place their bets on Flamingo (FLM), it would witness major spikes. FLM might hit $9 by 2029.
Flamingo (FLM) Price Prediction 2030
With greater advancements in the Basic Attention TokenEcosystem, the crypto community might continue to invest in FLM for the next 8 years and drive significant price rallies for the token. Hence, Flamingo (FLM) might hit $10 by 2030.
Conclusion
With continuous improvements in the FlamingoNetwork, we can say that 2022 is a good year for FLM. For this reason, the bullish price prediction of Flamingo (FLM) in 2022 is $1.1864. On the other hand, the bearish price prediction of Flamingo (FLM) price prediction for 2022 is $0.0853.
Furthermore, with the advancements and upgrades to the Basic Attention Tokenecosystem, the performance of FLM would help to reach above its current all-time high (ATH) of $1.59 very soon. But, it might also reach $2 if the investors believe that FLM is a good investment in 2022.
FAQ
The Flamingo token (FLM) is the reward token of the Flamingo platform. Flamingo is a decentralized finance (DeFi) platform based on the Neo blockchain.
Flamingo (FLM) has been listed on many crypto exchanges which include Binance, OKX, Gate.io, LBank.
With the ongoing developments and upgrades within the Basic Attention Token Platform, FLM has a high possibility of reaching its ATH soon.
On September 28, 2020 Flamingo (FLM) reached its new all-time high (ATH) of $1.59.
Flamingo (FLM) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of Basic Attention Token In the past few months, FLM is considered a good investment in 2022.2.
Flamingo (FLM) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Flamingo (FLM) will hit $2 soon.
Flamingo (FLM) price is expected to reach $3 by 2023.
Flamingo (FLM) price is expected to reach $4 by 2024..
Flamingo (FLM) price is expected to reach $5 by 2025.
Flamingo (FLM) price is expected to reach $6 by 2026.
Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Source: https://thenewscrypto.com/flamingo-flm-price-prediction-2022-will-flm-hit-2-soon/