Biggest Movers: XTZ, FLOW Reach Multi-Week Highs on Tuesday

XTZ roseate to its highest constituent successful astir 3 weeks connected Tuesday, arsenic the token climbed for a 2nd consecutive session. The determination came arsenic FLOW was besides trading higher, arsenic prices of the coin moved person to $2. Overall, crypto markets were 0.90% little arsenic of writing.

Tezos (XTZ)

XTZ roseate to a multi-week precocious connected Tuesday, starring prices to a collision with a semipermanent absorption level successful the process.

Tuesday saw tezos ascent to an intraday highest of $1.68, which is astir 9% higher than yesterday’s debased astatine $1.49.

As a effect of this rally, XTZ/USD collided with its semipermanent absorption level astatine $1.65 for the archetypal clip since June 12.

Following caller lows, prices of the token person steadily increased, and arsenic of penning are 11.48% higher than astatine the aforesaid constituent past week.

In summation to prices, different absorption has been hit, arsenic the 14-day RSI deed a ceiling of its ain astatine the 50.20 point.

Tezos bulls look to beryllium attempting to participate the $2 region, nevertheless this volition apt not hap until we spot a breakout of the RSI resistance.

FLOW

FLOW was besides trading adjacent a multi-week precocious connected Tuesday, arsenic prices roseate by arsenic overmuch arsenic 8% during today’s session.

Whilst XTZ bulls whitethorn request to hold a portion longer earlier re-entering the $2 region, FLOW was adjacent to this constituent pursuing today’s gains.

Following Monday’s debased of $1.65, FLOW/USD surged to an intraday highest of $1.81 earlier successful the day.

This is the highest constituent the token has traded since June 13, and comes arsenic prices besides deed a absorption constituent of $1.80.

Bulls opted to unafraid profits alternatively than clasp onto their positions, which resulted successful prices falling little arsenic the league progressed.

As of writing, FLOW is presently trading astatine $1.77, which is marginally beneath earlier highs.

Do you expect FLOW to scope $2 arsenic aboriginal arsenic tomorrow? Let america cognize your thoughts successful the comments.