FLOW is up by greater than 8% immediately, outperforming the different cash and tokens in the prime 100 listing.
The broader crypto market has recovered from its poor efficiency this week.
Bitcoin and Ether are buying and selling in the crimson zone.
FLOW outperforms the different main cryptocurrencies
FLOW, the native coin of the Stream blockchain, emerged as the finest performer amongst the prime 100 cryptocurrencies by market cap on Tuesday. The coin has added greater than 8% to its worth immediately and will rally greater quickly.
At press time, the price of FLOW stands at $0.7193. There isn’t any catalyst behind FLOW’s ongoing optimistic efficiency.
The surge comes as the broader crypto market recovers from its earlier hunch. The overall cryptocurrency market cap stands above $805 billion, up by lower than 1% in the final 24 hours.
Whereas FLOW is rallying, a few of the main cryptocurrencies are outperforming. Bitcoin is down by lower than 1% immediately and will report additional losses in the coming hours. The price of Bitcoin at the moment stands at $16.735. In the meantime, ETH has additionally misplaced lower than 1% of its worth and is now buying and selling at $1,215 per coin.
Key ranges to observe
The FLOW/USD 4-hour chart has simply turned bullish, as FLOW has been performing effectively in the final 24 hours. The technical indicators present that FLOW might rally greater quickly.
The 14-day relative power index of 75 reveals that FLOW may very well be heading towards the overbought area if the rally continues.
The MACD line crossed into the optimistic zone a number of hours in the past, indicating that the bulls are actually in charge. With a extra bullish transfer, FLOW might surge previous the first main resistance degree at $0.874 earlier than the finish of the day.
With the assist of the broader cryptocurrency market, FLOW might cross the $1 psychological degree for the first time since December 11.
The place to purchase FLOW now
Uphold is a platform which has over 50 cryptocurrencies to select from.
It is customers could make crypto trades with a checking account, bank card or crypto debit card. It has variable charges and permits customers to automate trades.
Customers who’re on Courageous’s web browser may also earn BAT tokens primarily based on their shopping habits.
Binance is one among the largest cryptocurrency exchanges in the world. It’s higher suited to extra skilled buyers and it presents numerous cryptocurrencies to select from, at over 600.
Binance can also be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, such as; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.