Bitcoin and ETH Price Prediction FLOW Rallies

Bitcoin and ETH Price Prediction: Bulls Keep Struggling, FLOW Jumps 40%

Key Insights:

  • Bitcoin is facing a major barrier near $23,550 and $23,450.
  • Ether struggled to settle above the $1,665 resistance zone.
  • FLOW started a strong surge above the $2.50 resistance.

Bitcoin

Yesterday, bitcoin price moved lower below the $23,000 support zone. The price even spiked below the $22,800 level and the 21 simple moving average (H1).

Later, it found support near the $22,650 level. Today, the price formed a base above the $22,650 level and attempted a recovery wave. There was a break above the $23,250 resistance level. However, the price failed to clear the $23,450 resistance.

Bitcoin BTC Hourly Chart
BTC Hourly Chart by FXEmpire

There is also a new connecting bearish trend line forming with resistance near $23,250 on the hourly chart. A clear move above the $23,250 level could start a decent increase. If there is no upside break, bitcoin might continue to move down towards the $21,750 support.

Ethereum (ETH)

ETH also followed a similar pattern after it faced sellers near the $1,680 zone. There was a clear move below the $1,600 support zone.

It found support near the $1,565 level and recently started an upside correction. However, the bears were active near the $1,665 level. The price is now back below the $1,620 level and the 21 simple moving average (H1).

Ether ETH Hourly Chart
ETH Hourly Chart by FXEmpire

Ether price is also facing a new bearish trend line with resistance near $1,645 on the hourly chart. A clear upside break above the $1,645 level and $1,665 could stage a strong increase.

FLOW

FLOW found support near the $1.20 level after a strong decline. There was a steady increase above the $1.35 and $1.50 resistance levels.

The price climbed above the 23.6% Fib retracement level of the main drop from the $8.20 swing high to $1.20 swing low. The bulls pushed the price above the $2.00 level and the 21-day simple moving average. Besides, the price cleared a major bearish trend line on the daily chart at $2.00.

FLOW Daily Chart
FLOW Daily Chart by FXEmpire

Today, there was a strong surge of over 40% and the price climbed above the $2.80 level. It is now facing resistance near the $2.95 and $3.00 levels.

A clear upside break above the $3.00 barrier could send the price further higher towards $3.25. If not, there might be a downside correction below the $2.75 level. The main support sits near the $2.50 level, below which the price might gain bearish momentum.

ADA and DOT price

Cardano (ADA) is struggling to stay above the $0.50 pivot level. If there is fresh drop, the price might decline towards the $0.48 level.

Polkadot (DOT) is still consolidating near the $8.20 level. If there is a fresh increase, the price may perhaps rise towards the $8.50 level.

A few trending coins are ALGO, SAND, and XTZ. Out of these, XTZ is gaining pace above the $1.85 resistance zone.