FLOW is up by greater than 8% at present, outperforming the opposite cash and tokens within the prime 100 record.
The broader crypto market has recovered from its poor efficiency this week.
Bitcoin and Ether are buying and selling within the crimson zone.
FLOW outperforms the opposite main cryptocurrencies
FLOW, the native coin of the Circulate blockchain, emerged as one of the best performer amongst the highest 100 cryptocurrencies by market cap on Tuesday. The coin has added greater than 8% to its worth at present and will rally larger quickly.
At press time, the value of FLOW stands at $0.7193. There is no such thing as a catalyst behind FLOW’s ongoing optimistic efficiency.
The surge comes because the broader crypto market recovers from its earlier stoop. The entire cryptocurrency market cap stands above $805 billion, up by lower than 1% within the final 24 hours.
Whereas FLOW is rallying, a few of the main cryptocurrencies are outperforming. Bitcoin is down by lower than 1% at present and will file additional losses within the coming hours. The value of Bitcoin at present stands at $16.735. In the meantime, ETH has additionally misplaced lower than 1% of its worth and is now buying and selling at $1,215 per coin.
Key ranges to look at
The FLOW/USD 4-hour chart has simply turned bullish, as FLOW has been performing nicely within the final 24 hours. The technical indicators present that FLOW might rally larger quickly.
The 14-day relative energy 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 just a few hours in the past, indicating that the bulls are actually in cost. With a extra bullish transfer, FLOW might surge previous the primary main resistance degree at $0.874 earlier than the tip of the day.
With the help of the broader cryptocurrency market, FLOW might cross the $1 psychological degree for the primary time since December 11.
The place to purchase FLOW now
Uphold is a platform which has over 50 cryptocurrencies to select from.
It is 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.
Customers who’re on Courageous’s web browser may also earn BAT tokens primarily based on their searching habits.
Purchase FLOW with Uphold at present
Binance is without doubt one of the largest cryptocurrency exchanges on the earth. It’s higher suited to extra skilled buyers and it provides a lot of cryptocurrencies to select from, at over 600.
Binance can be recognized for having low buying and selling charges and a a number of of buying and selling choices that its customers can profit from, corresponding to; peer-to-peer buying and selling, margin buying and selling and spot buying and selling.
Purchase FLOW with Binance at present