FLOW up 12% on Tuesday, Hitting 5-Day High – Market Updates Bitcoin News

Tuesday’s session saw flow rise for the second consecutive day after the token increased by 12%. After prices dropped to their lowest level in a month over the weekend, this rebound has occurred. Cosmos, which also hit a five day high, was also green. As of this writing, global crypto market caps are up by 0.68%.

FLOW (Flow)

Flow (FLOW) was one of the notable movers during Tuesday’s session, as the token rose by as much as 12% today.

FLOW fell on Sunday to its lowest in more than one month as crypto markets succumbed to bearish pressure.

Since then prices have rebounded, moving away from yesterday’s low of $1.77, hitting a peak of $2.08 earlier in the day.

FLOW/USD – Daily Chart

Today’s surge saw FLOW/USD almost collide with a key resistance point at $2.10, which caused some uncertainty in price movement.

FLOW traded at $1.94 after its previous peak. This is because bulls have liquidated their positions and sent prices down.

The chart shows that this could be because the 14-day relative strengths index (RSI), hit a resistance mark at the 40.00 level.

Cosmos (ATOM)

Cosmos (ATOM) is another major mover today, which rose again for the second consecutive day.

ATOM/USD climbed to $11.86 today, after falling as low as $10.16 Tuesday.

Today’s move sees ATOM drop to its lowest point in five days, from when the token was trading above $13.00.

ATOM/USD – Daily Chart

As you can see, the token did not surpass its $11.50 resistance mark. However, it showed that earlier gains were lessened as traders attempted to protect their profits.

Cosmos currently trades at $11.25, below its price limit as of this writing.

If traders want to extend the previous two-day run, then the RSI must move beyond 52.00.

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Is volatility expected to continue in the crypto markets throughout this week? Please share your views with us in the comments.

Eliman Dambell

Eliman has a unique perspective on market analysis, having been a broker director, educator in retail trading, and commentator in Crypto, Stocks, and FX.

Image credit: Shutterstock, Pixabay, Wiki Commons, Dragos Asaftei / Shutterstock.com

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