FLOW is up by greater than 8% immediately, outperforming the different cash and tokens in the high 100 checklist.
The broader crypto market has recovered from its poor efficiency this week.
Bitcoin and Ether are buying and selling in the purple zone.
FLOW outperforms the different main cryptocurrencies
FLOW, the native coin of the Flow blockchain, emerged as the finest performer amongst the high 100 cryptocurrencies by market cap on Tuesday. The coin has added greater than 8% to its worth immediately and will rally larger quickly.
At press time, the price of FLOW stands at $0.7193. There is not any catalyst behind FLOW’s ongoing optimistic efficiency.
The surge comes as the broader crypto market recovers from its earlier hunch. The complete cryptocurrency market cap stands above $805 billion, up by lower than 1% in the final 24 hours.
While FLOW is rallying, a few of the main cryptocurrencies are outperforming. Bitcoin is down by lower than 1% immediately and will document additional losses in the coming hours. The price of Bitcoin at present stands at $16.735. Meanwhile, ETH has additionally misplaced lower than 1% of its worth and is now buying and selling at $1,215 per coin.
Key ranges to observe
The FLOW/USD 4-hour chart has simply turned bullish, as FLOW has been performing nicely in the final 24 hours. The technical indicators present that FLOW may rally larger quickly.
The 14-day relative power index of 75 exhibits that FLOW may very well be heading towards the overbought area if the rally continues.
The MACD line crossed into the optimistic zone a number of hours in the past, indicating that the bulls are actually in charge. With a extra bullish transfer, FLOW may surge previous the first main resistance degree at $0.874 earlier than the finish of the day.
With the help of the broader cryptocurrency market, FLOW may cross the $1 psychological degree for the first time since December 11.
Where to purchase FLOW now
Uphold
Uphold is a platform which has over 50 cryptocurrencies to select from.
It’s customers could make crypto trades with a checking account, bank card or crypto debit card. It has variable charges and permits customers to automate trades.
Users who’re on Brave’s web browser may earn BAT tokens based mostly on their shopping habits.
Binance
Binance is one in every of the largest cryptocurrency exchanges in the world. It is best suited to extra skilled buyers and it affords a lot of cryptocurrencies to select from, at over 600.
Binance can be identified for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, such as; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
