2 years ago
Monday saw eos stay successful the green, contempt the latest reddish question successful cryptocurrency markets. Today’s rally sees the token determination astir 20% higher successful the past 7 days. Flow, connected the different hand, extended its caller declines and is present down by astir 30% successful the aforesaid period.
EOS
EOS was trading mostly higher connected Monday, arsenic the token remained adjacent to a three-month high.
Last Wednesday saw EOS/USD emergence to a precocious of $1.64, which was its strongest constituent since May 11.
Since then, marketplace uncertainty has heightened, with the token fallen 20 cents beneath that level, astatine $1.44, connected Sunday.
However, to commencement the week, bullish sentiment returned, with EOS hitting a precocious of $1.58, which is marginally beneath a ceiling of $1.60.
This highest saw the comparative spot scale (RSI) besides deed a absorption point, colliding with its 65.45 threshold.
As a effect of this, earlier gains person eased, arsenic bulls opted to unafraid profits by liquidating positions.
EOS is tracking astatine $1.52 arsenic of writing.
Flow (FLOW)
On the different hand, travel (FLOW) was connected the other broadside of the spectrum, arsenic prices extended caller declines.
Following a precocious of $2.20 during Sunday’s session, FLOW/USD fell to a debased of $2.03 to commencement the week.
Today’s driblet sees the token deed its lowest constituent since August 4, erstwhile prices were trading astatine a debased of $1.86.
Overall, FLOW is down by astir 26% successful the past week, and this comes aft an extended play of sell-offs.
Prices person present moved little for eleven of the past 12 sessions, commencing aft a mendacious breakout of the $3.20 absorption level.
The 10-day (red) and 25-day (blue) moving averages are present connected the cusp of a downward cross, which could spot bearish sentiment stay for weeks to come.
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Do you expect travel to autumn to a level of $1.80 this week? Let america cognize your thoughts successful the comments.
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