Biggest Movers: FLOW Rebounds Following 7-Day Losing Streak

FLOW was trading higher connected Thursday, arsenic the token rallied upward pursuing 7 consecutive days of declines. The surge comes contempt the planetary crypto marketplace capitalization trading 1.14% little arsenic of writing. Shiba inu fell by astir 10% successful today’s session.

FLOW

FLOW was 1 of Thursday’s notable movers, arsenic the token rebounded pursuing 7 consecutive days of declines.

The drops successful terms saw FLOW deed a debased of $2.54, which has besides acted arsenic a caller enactment point.

However, similar connected August 8, which is the past clip prices were astatine this floor, bulls opted to reenter the market, sending FLOW/USD to a highest of $2.80 today.

Since colliding with the enactment point, it appears that FLOW bulls are present mounting their sights connected a absorption level astatine $3.00.

However, successful bid to determination person to this point, the token indispensable archetypal flooded an obstacle successful the comparative spot scale (RSI).

As of writing, the scale is astatine a speechmaking of 60.32, which is marginally beneath a ceiling of 61.19, which has historically been an country wherever bears presumption themselves.

Shiba Inu (SHIB)

Whilst FLOW was up by astir 10%, shiba inu (SHIB) was down by astir the aforesaid magnitude connected Thursday.

SHIB/USD slipped to a debased of $0.0000147 earlier successful today’s session, which comes astir 4 days aft hitting a precocious of $0.00001774.

This was the highest constituent SHIB had climbed to since May 10, nevertheless bulls went connected to retreat from their positions, sending prices lower.

Today’s diminution comes arsenic marketplace uncertainty has heightened, which tin beryllium seen successful the RSI indicator, which is presently trending sideways.

The scale appears to beryllium moving horizontally astatine the 62 level, which had acted arsenic a absorption constituent successful the past, and is present occupying the relation of support.

If SHIB is to determination backmost towards this week’s earlier highs, past the RSI volition request to determination beyond 62, and caput person to the 70 level.

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Could shiba inu rebound arsenic we determination person to the weekend? Let america cognize your thoughts successful the comments.