EOS Higher Despite Crypto Sell-off, FLOW Extends Declines – Market Updates Bitcoin News

Monday was a good day for eos, with the market still in green. Today’s rally sees the token move almost 20% higher in the last seven days. However, Flow continued its declines.It is currently down nearly 30% over the same period.

EOS trades mostly higher as token remained at a close three-month high.

EOS/USD climbed to $1.64 on Wednesday. This was the highest level since May 11.

Market uncertainty has increased since then. The token fell 20 cents to $1.44 on Sunday.

EOS reached a $1.58 high to begin the week. This is just a marginally lower than its ceiling at $1.60.

This peak also saw relative strength (RSI) hit a resistance point. It collided with its 65.45 threshold.

This has led to earlier gains being lessened as bulls decided to liquidate positions in order for them secure their profits.

As of this writing, EOS stands at $1.52

FLOW (Flow)

However flow (FLOW), on the other side of the spectrum was lower, and prices continued to decline.

Following a high of $2.20 during Sunday’s session, FLOW/USD fell to a low of $2.03 to start the week.

Today’s drop sees the token hit its lowest point since August 4, when prices were trading at a low of $1.86.

FLOW fell by 26% overall in the week ending September 27, after prolonged sell-offs.

Since a false breakout above the $3.20 resistance, prices have fallen for 11 of the 12 sessions.

Moving averages of the 10-day (red), and 25-day(blue) are on the edge of a down cross. This could mean that bearish sentiment will remain for several weeks.

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What do you think the flow will be like if it falls to $1.80? We’d love to hear your comments.

Eliman Dambell

Eliman is a market analyst with a diverse perspective. He has worked in various capacities, including as a retail trading teacher, brokerage director, and market commentator for Crypto, Stocks, and FX.