Flow is trading almost 30% higher on Saturday, as the majority of the crypto top 100 are in the green. Today’s move sees flow also enter the top 50 cryptocurrencies by market cap.
Biggest Gainers
Following a bearish end to the working week, cryptocurrency markets are green across the board to start the weekend.
Notable gainers included solana, which is up over 10%, whilst SAND is also trading higher, and is up almost 15% as of writing.
However, the clear bull of the day is FLOW, which as of writing is up around 23%, hitting an intraday high of $6.62 in the process.
The move began after FLOW/USD rallied from recent support of $4.50, where it last traded on Thursday, to now hitting an intraday high of $6.62 two days later.
Saturday’s surge saw flow move past aave, to become the #50 ranked cryptocurrency across the globe, by market cap.
Looking at the chart, the RSI is tracking at 47, which is around its strongest point this year, whilst prices look to be at resistance of $6.48.
Should price strength continue to surge, we could see FLOW/USD at $8.00 sooner than later.
Biggest Losers
As of writing, only two out of the top 100 cryptocurrencies are trading lower on Saturday, as yesterday’s bears seem to be occupied this weekend.
One of the bears that remained was LEO, which as of writing is trading around 1% lower, hitting an intraday low of $3.36 as a result.
Looking at the chart below, today’s decline has resulted in LEO/USD breaking below the 0.382 Fibonacci level, which has also acted as its recent support point.
In addition to the breakout, the 14-day RSI is tracking around 36, which is close to its lowest level since November, when it was priced at $2.75.
Could we see LEO rebound over the weekend? Let us know your thoughts in the comments.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Read disclaimer
"flow" - Google News
January 29, 2022 at 10:00PM
https://bit.ly/3rZBoug
Technical Analysis: Flow Climbs Close to 30% to Enter Top 50 – Market Updates Bitcoin News - Bitcoin News
"flow" - Google News
https://ift.tt/2Sw6Z5O
https://ift.tt/2zNW3tO
Bagikan Berita Ini
0 Response to "Technical Analysis: Flow Climbs Close to 30% to Enter Top 50 – Market Updates Bitcoin News - Bitcoin News"
Post a Comment