Skip to main content

Technical Analysis: Flow Climbs Close to 30% to Enter Top 50

https://motleybloggers.com/wp-content/uploads/2022/01/technical-analysis-flow-climbs-close-to-30-to-enter-top-50.jpg

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.



Origina post from
https://motleybloggers.com/technical-analysis-flow-climbs-close-to-30-to-enter-top-50/

Comments

Post a Comment

Popular posts from this blog

US Senator Urges Congress to Pass Her Crypto Bill — Claims It Would’ve Prevented FTX Bankruptcy

http://motleybloggers.com/wp-content/uploads/2022/11/us-senator-urges-congress-to-pass-her-crypto-bill-claims-it-wouldve-prevented-ftx-bankruptcy.jpg U.S. Senator Cynthia Lummis believes that the FTX bankruptcy wouldn’t have happened under the Lummis-Gillibrand crypto bill. She stressed: “It’s clearer now than ever before that we need comprehensive regulation in the digital asset space.” Senator Lummis Explains How Her Crypto Bill Would Prevent the FTX Catastrophe U.S. Senator Cynthia Lummis (R-WY) explained in a series of tweets Monday why the collapsed cryptocurrency exchange FTX wouldn’t have gone bankrupt had Congress passed her crypto bill. The cryptocurrency trading platform filed for bankruptcy last week. The senator from Wyoming has been a supporter of bitcoin for quite some time. She personally owns BTC and believes that bitcoin is something that the Federal Reserve should hold on its balance sheet. She has said repeatedly that the cryptocurre...
Post a Comment
Read more

Bitcoin, Ethereum Technical Analysis: ETH Back Under $2,000 as Balenciaga Gains Lose Steam

https://motleybloggers.com/wp-content/uploads/2022/05/bitcoin-ethereum-technical-analysis-eth-back-under-2000-as-balenciaga-gains-lose-steam.jpg Following strong gains to start the week, BTC once again fell under $30,000, as crypto prices moved lower on Tuesday. The downturn follows up from yesterday’s rally, which came as Balenciaga announced it would be accepting crypto payments. ETH also dropped, falling under $2,000 today. Bitcoin Bitcoin fell under $30,000 on Tuesday, as bears returned to action following a green start to the week. Following a high of $30,547.50 during Monday’s session, BTC /USD fell to an intraday low of $28,975.56 earlier today. Today’s drop saw BTC fall by over 5% in the day, as bullish sentiment following the Balenciaga crypto announcement faded. BTC /USD – Daily Chart Since then, bears have now pushed prices closer to support at $28,800, which is an area where BTC has resided over the past few weeks. Looking at the chart, the 14-da...
Post a Comment
Read more

Tiffany & Co. NFT Sale Sells out, Luxury Jewelry Retailer Rakes in $12.5M in Ethereum

http://motleybloggers.com/wp-content/uploads/2022/08/tiffany-co-nft-sale-sells-out-luxury-jewelry-retailer-rakes-in-12-5m-in-ethereum.jpg On August 5, 2022, the American luxury jewelry retailer Tiffany & Co. announced that the company’s non-fungible token (NFT) mint called “Nftiff” sold out. Tiffany’s sold 250 Nftiffs for 30 ethereum per Nftiff raking in more than $12.5 million from the sale. The NFTs created by Tiffany’s have to be redeemed by August 12 and so far 94 Nftiffs have been redeemed. Tiffany & Co. NFT Sale Sells Out Gathering $12.5 Million in Ether Six days ago, MotleyBloggers.com News reported on Tiffany & Co. revealing an NFT mint called “Nftiff,” a new product crafted by Tiffany’s that combines non-fungible token technology and luxury jewelry. Since then Tiffany’s has hosted its sale and all 250 NFT units sold out, according to a tweet published by the company on August 5. “Depending on which Crypt...
Post a Comment
Read more