Following a 12% decline yesterday, shiba inu (SHIB) rose by that very same share as we speak, as bulls as soon as once more boarded the rocket ship. This comes as costs of FLOW had been additionally greater through the session.
Greatest gainers
Value motion in SHIB continues to be unstable, with the meme coin rising by as a lot as 60% within the final week.
Nevertheless, it was FLOW that secured the title bull of the day, because it rose by as a lot as 20% in as we speak’s session.
FLOW/USD, which was buying and selling at a low of $7.01 on Tuesday, climbed to an intraday excessive of $8.52 earlier as we speak.
This transfer noticed FLOW as soon as once more hit its long-term resistance stage of $8.25, a stage which has been in place for almost all of this yr up to now.
This current surge led to cost energy transferring into overbought territory, with a present studying of 65, which is its highest stage since August 29.
With costs not solely overbought but in addition buying and selling at resistance, as we speak’s rise which at present stands at 17.87%, could also be approaching its finish.
Greatest losers
There appears to be a pattern forming, the place at some point’s largest bull seems to be the largest bear the very subsequent day.
Following a 50% rise on Monday, SHIB fell by double digits yesterday, and now LEO has adopted this sample as we speak.
LEO/USD, which hit a excessive of $7.70 on Tuesday, fell to an intraday low of $6.68 through the course of as we speak’s session.
The transfer seems to have begun at what seems to be a short-term ceiling of $7.66, and comes as value energy additionally reversed.
After such a fast rise in worth yesterday, it was inevitable that profit-takers would look to safe winnings.
Has the tide already turned on LEO, or will we see additional rises this week? Tell us your ideas within the feedback.
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