Thursday, February 2, 2023
    HomeMarketFLOW leads the charge as broader crypto market experiences mixed performances

    FLOW leads the charge as broader crypto market experiences mixed performances


    • FLOW is up by greater than 8% immediately, outperforming the opposite cash and tokens within the prime 100 record.

    • The broader crypto market has recovered from its poor efficiency this week.

    • Bitcoin and Ether are buying and selling within the crimson zone.

    FLOW outperforms the opposite main cryptocurrencies

    FLOW, the native coin of the Movement blockchain, emerged as the perfect performer amongst the highest 100 cryptocurrencies by market cap on Tuesday. The coin has added greater than 8% to its worth immediately and will rally larger quickly. 

    At press time, the price of FLOW stands at $0.7193. There isn’t a catalyst behind FLOW’s ongoing constructive efficiency.

    The surge comes because the broader crypto market recovers from its earlier droop. The entire cryptocurrency market cap stands above $805 billion, up by lower than 1% within 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 within the coming hours. The price of Bitcoin presently 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 nicely within the final 24 hours. The technical indicators present that FLOW may rally larger quickly.

    The 14-day relative energy 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 constructive zone a number of hours in the past, indicating that the bulls are actually in cost. With a extra bullish transfer, FLOW may surge previous the primary main resistance degree at $0.874 earlier than the tip of the day.

    With the assist of the broader cryptocurrency market, FLOW may cross the $1 psychological degree for the primary time since December 11. 

    The place to purchase FLOW now


    Binance is without doubt one of the largest cryptocurrency exchanges on the earth. It’s higher suited to extra skilled traders and it affords a lot of cryptocurrencies to select from, at over 600.

    Binance can be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, equivalent to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.

    Buy FLOW with Binance today


    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 can even earn BAT tokens primarily based on their shopping habits.

    Buy FLOW with Uphold today

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