XTZ recorded its highest point for nearly three weeks, rising Tuesday after the token climbed for a third straight session. FLOW also traded higher as the price of FLOW moved closer to $1. As of this writing, the crypto market was 0.90% less.
Tezos (XTZ)
XTZ reached a multiweek peak on Tuesday. This led to prices colliding with a long term resistance level.
Tuesday saw tezos climb to an intraday peak of $1.68, which is nearly 9% higher than yesterday’s low at $1.49.
As a result, XTZ/USD smashed into its $1.65 long-term resistance mark for the first times since June 12.
After recent lows in prices, the price of the token has steadily risen and is currently at 11.48% above last week.
The prices have been beaten, but there has also been another resistance, the 14-day RSI reached a ceiling at 50.20 points.
Tezos bulls may be trying to get into the $2 zone, however it will not happen until there is a break of the RSI resistance.
FLOW
FLOW was also trading near a multi-week high on Tuesday, as prices rose by as much as 8% during today’s session.
Whilst XTZ bulls may need to wait a while longer before re-entering the $2 region, FLOW was close to this point following today’s gains.
Following Monday’s low of $1.65, FLOW/USD surged to an intraday peak of $1.81 earlier in the day.
This represents the highest level the token has traded since June 13. It also comes at a time when prices have reached resistance of $1.80.
The bulls chose to take profits over holding on to their positions. This resulted is prices dropping as the session went along.
FLOW currently trades at $1.77 as of this writing. This is slightly below its earlier highs.
Are you optimistic that FLOW will reach $2 by tomorrow? We’d love to hear your comments.
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