Technical Analysis: Flow Climbs Close to 30% to Enter Top 50

Flow is trading astir 30% higher connected Saturday, arsenic the bulk of the crypto apical 100 are successful the green. Today’s determination sees travel besides participate the apical 50 cryptocurrencies by marketplace cap.

Biggest Gainers

Following a bearish extremity to the moving week, cryptocurrency markets are greenish crossed the committee to commencement the weekend.

Notable gainers included solana, which is up implicit 10%, whilst SAND is besides trading higher, and is up astir 15% arsenic of writing.

However, the wide bull of the time is FLOW, which arsenic of penning is up astir 23%, hitting an intraday precocious of $6.62 successful the process.

The determination began aft FLOW/USD rallied from caller enactment of $4.50, wherever it past traded connected Thursday, to present hitting an intraday precocious of $6.62 2 days later.

Saturday’s surge saw travel determination past aave, to go the #50 ranked cryptocurrency crossed the globe, by marketplace cap.

Looking astatine the chart, the RSI is tracking astatine 47, which is astir its strongest constituent this year, whilst prices look to beryllium astatine absorption of $6.48.

FLOW/USD – Daily Chart

Should terms spot proceed to surge, we could spot FLOW/USD astatine $8.00 sooner than later.

Biggest Losers

As of writing, lone 2 retired of the apical 100 cryptocurrencies are trading little connected Saturday, arsenic yesterday’s bears look to beryllium occupied this weekend.

One of the bears that remained was LEO, which arsenic of penning is trading astir 1% lower, hitting an intraday debased of $3.36 arsenic a result.

Looking astatine the illustration below, today’s diminution has resulted successful LEO/USD breaking beneath the 0.382 Fibonacci level, which has besides acted arsenic its caller enactment point.

LEO/USD – Daily Chart

In summation to the breakout, the 14-day RSI is tracking astir 36, which is adjacent to its lowest level since November, erstwhile it was priced astatine $2.75.

Could we spot LEO rebound implicit the weekend? Let america cognize your thoughts successful the comments.

Image Credits: Shutterstock, Pixabay, Wiki Commons

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