NewsBTC
2022-08-19 18:06:21

FLOW Reclaims Green Turf After 7-Day Losing Streak

FLOW relishes its winning streaks as the coin trades at its peak Thursday, and shoots upwards after a 7-day losing streak. FLOW registers peak levels, shows renewed vigor after a week Price sets sights on a new key resistance at $3 Token dips by 17.47%, currently trades at $2.28 The uptrend came unexpectedly especially since FLOW’s market cap is trading lower at 1.14%. Other altcoins like SHIB also declined by as much as 10%. Related Reading: Chainlink In Bearish Mood As LINK Price Retreats To $8.63 FLOW, One Of The Strongest Movers On Thursday FLOW was undeniably one of the strongest crypto movers on Thursday as the coin was able to rebound following a slump for seven straight days. The crypto’s recent price drop reaching $2.54 also positioned itself as a support point. But, similar to what happened on August 8, the bulls decided to crash the party which has propelled FLOW to reach $2.80. Chart from TradingView.com Since the coin has bowled over the support point, it appears to be eyeing the $3 resistance level next. But, for FLOW to inch closer to its target zone, the token should be able to surpass the looming obstacle in the RSI. RSI index reads at 60.32 which is way below the ceiling level of 61.19, which historically is the zone that bears favor. FLOW Sets Crosshair At $3 Decentralization is now marking its territory in the blockchain space. With that being said, many projects are now strung together to create a ga...

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