Technical Analysis: Flow Moves Higher, as SHIB Climbs 12%

Following a 12% diminution yesterday, shiba inu (SHIB) roseate by that aforesaid percent today, arsenic bulls erstwhile again boarded the rocket ship. This comes arsenic prices of FLOW were besides higher during the session.

Biggest gainers

Price question successful SHIB continues to beryllium volatile, with the meme coin rising by arsenic overmuch arsenic 60% successful the past week.

However, it was FLOW that secured the rubric bull of the day, arsenic it roseate by arsenic overmuch arsenic 20% successful today’s session.

FLOW/USD, which was trading astatine a debased of $7.01 connected Tuesday, climbed to an intraday precocious of $8.52 earlier today.

This determination saw FLOW erstwhile again deed its semipermanent absorption level of $8.25, a level which has been successful spot for the bulk of this twelvemonth truthful far.

FLOW/USD – Daily Chart

This caller surge led to terms spot moving into overbought territory, with a existent speechmaking of 65, which is its highest level since August 29.

With prices not lone overbought but besides trading astatine resistance, today’s emergence which presently stands astatine 17.87%, whitethorn beryllium approaching its end.

Biggest losers

There seems to beryllium a inclination forming, wherever 1 day’s biggest bull turns retired to beryllium the biggest carnivore the precise adjacent day.

Following a 50% emergence connected Monday, SHIB fell by treble digits yesterday, and present LEO has followed this signifier today.

LEO/USD, which deed a precocious of $7.70 connected Tuesday, fell to an intraday debased of $6.68 during the people of today’s session.

The determination appears to person begun astatine what appears to beryllium a short-term ceiling of $7.66, and comes arsenic terms spot besides reversed.

LEO/USD – Daily Chart

After specified a accelerated emergence successful worth yesterday, it was inevitable that profit-takers would look to unafraid winnings.

Has the tide already turned connected LEO, oregon volition we spot further rises this week? Let america cognize your thoughts successful the comments.

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