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FLOW is up by greater than 8% at this time, outperforming the different cash and tokens in the prime 100 listing.
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The broader crypto market has recovered from its poor efficiency this week.
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Bitcoin and Ether are buying and selling in the pink zone.
FLOW outperforms the different main cryptocurrencies
FLOW, the native coin of the Flow blockchain, emerged as the finest performer amongst the prime 100 cryptocurrencies by market cap on Tuesday. The coin has added greater than 8% to its worth at this time and will rally increased 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 droop. The whole 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% at this time and will report 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 look at
The FLOW/USD 4-hour chart has simply turned bullish, as FLOW has been performing properly in the final 24 hours. The technical indicators present that FLOW might rally increased 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 a couple of hours in the past, indicating that the bulls are actually in charge. With a extra bullish transfer, FLOW might surge previous the first main resistance stage at $0.874 earlier than the finish of the day.
With the assist of the broader cryptocurrency market, FLOW might cross the $1 psychological stage for the first time since December 11.
Where to purchase FLOW now
Binance
Binance is one in every of the largest cryptocurrency exchanges in the world. It is best suited to extra skilled traders and it affords numerous cryptocurrencies to select from, at over 600.
Binance can also 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.
OKX
OKX is a prime cryptocurrency change which affords over 140 cryptocurrencies to spend money on.
OKX takes buyer safety very critically, they retailer virtually all of their purchasers’ funds in chilly storage, and the change is but to be hacked.
On prime of this, the change affords very low charges and clients may even use their crypto as collateral for loans on the platform.
