Monday, February 6, 2023
    HomeMarketFLOW is up by 39% following the Instagram partnership

    FLOW is up by 39% following the Instagram partnership


    The cryptocurrency market might finish the week in a optimistic trend after including greater than 1% to its complete worth within the final 24 hours.

    The cryptocurrency market has maintained its optimistic efficiency over the previous few days. The entire market cap is closing in on $1.1 trillion after including greater than 1% to its worth within the final 24 hours. 

    Bitcoin is buying and selling above $23k as soon as once more after including 1% to its worth thus far at the moment. Ether continues to take care of its value above the $1,600 psychological degree heading into the weekend.

    FLOW, the native token of the Move blockchain, is one of the best performer amongst the highest 30 cryptocurrencies by market cap. FLOW has added 39% to its worth within the final 24 hours, outperforming the opposite main cryptocurrencies.

    The first catalyst behind this rally is the announcement by the Move workforce that its partnership with Instagram is now energetic. 

    In a tweet on Thursday, the Move workforce stated choose customers can now join their Dapper pockets and showcase their favorite NFTs instantly on their Instagram account.

    Key ranges to look at

    The FLOW/USD 4-hour chart is extraordinarily bullish as Move has been performing excellently over the past 24 hours. The technical indicators present that FLOW is outperforming the broader cryptocurrency market.

    The MACD line is deep throughout the optimistic zone, indicating bullish momentum. The 14-day relative power index of 68 exhibits that FLOW is heading in direction of the overbought area if the optimistic momentum will be maintained.

    At press time, FLOW is buying and selling at $2.64. If the bulls stay in cost, FLOW might surge previous the $3.05 resistance degree earlier than the tip of the day. Nonetheless, it might want the assist of the broader market to cross the $4 mark for the primary time in practically six months. 

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