Fun

Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines

News Feed - 2022-08-23 12:08:38

Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines


Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declinesand is now down by almost 30% in the same period. EOS


EOS was trading mostly higher on Monday, as the token remained close to a three-month high.


Last Wednesday saw EOS/USD rise to a high of $1.64, which was its strongest point since May 11.


Since then, market uncertainty has heightened, with the token fallen 20 cents below that level, at $1.44, on Sunday. EOS/USD – Daily Chart


However, to start the week, bullish sentiment returned, with EOS hitting a high of $1.58, which is marginally below a ceiling of $1.60.


This peak saw the relative strength index (RSI) also hit a resistance point, colliding with its 65.45 threshold.


As a result of this, earlier gains have eased, as bulls opted to secure profits by liquidating positions.


EOS is tracking at $1.52 as of writing. Flow (FLOW)


On the other hand, flow (FLOW) was on the opposite side of the spectrum, as prices extended recent declines.


Following a high of $2.20 during Sunday’s session, FLOW/USD fell to a low of $2.03 to start the week.


Today’s drop sees the token hit its lowest point since August 4, when prices were trading at a low of $1.86. FLOW/USD – Daily Chart


Overall, FLOW is down by nearly 26% in the last week, and this comes after an extended period of sell-offs.


Prices have now moved lower for eleven of the last twelve sessions, commencing after a false breakout of the $3.20 resistance level.


The 10-day (red) and 25-day (blue) moving averages are now on the cusp of a downward cross, which could see bearish sentiment remain for weeks to come.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Crypto Prices, EOS, Flow, Sell Off, Technical Analysis


Do you expect flow to fall to a floor of $1.80 this week? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings a eclectic point of view to market analysis, having worked as a brokerage director, retail trading educator, and market commentator in Crypto, Stocks and FX. Morgan Stanley Analyst Says Crypto Economy"s Liquidity Improved, but There"s "No Huge Demand to Re-Leverage" MARKET UPDATES | 4 hours ago Bitcoin, Ethereum Technical Analysis: ETH Below $1,600, BTC Under $21,000 to Start the Week MARKET UPDATES | 11 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleHodlnaut Court Filings Highlight a $193 Million Shortfall, Whistleblower Condemns Crypto Lender’s Contradictory Statements Next articleAsia’s Largest Web3 Event TOKEN2049 Hits 200 Sponsor Milestone, Announces New Headline Speakers Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTony Hawk"s Latest NFTs to Come With Signed Physical Skateboards


Last December, the renowned professional skateboarder Tony Hawk released his “Last Trick” non-fungible token (NFT) collection via the NFT marketplace Autograph. Next week, Hawk will be auctioning the skateboards he used during his last tricks, and each of the NFTs ... read more.NFT Sales Volume Saw a Small Uptick This Week — Moonbirds, Mutant Apes Take Top Sales Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing

News Feed

Spot Bitcoin ETFs Attract Nearly $1 Billion Inflows, Marks 3-Week Positive Streak- Details
Este artículo también está disponible en español. The US-based spot Bitcoin ETFs has produced another impressive performance in the past week recording nearly $1 billion
Zhiyuan Sun8 hours agoKuCoin suspends Bitcoin and Litecoin mining pools“We deeply regret any inconvenience this might cause and we remain grateful for your unwavering support and understanding," the exchange wrote
Iran Grants Bitcoin Miners Exclusive Access To Electricity at Three Power Plants
Iran Grants Bitcoin Miners Exclusive Access To Electricity at Three Power PlantsIran has granted bitcoin miners exclusive access to electricity generated from three power plants for
Trump’s Website Hacked, Scam Asked Crypto Owners to Decide Fate of ‘Classified Information’
Trump"s Website Hacked, Scam Asked Crypto Owners to Decide Fate of "Classified Information" President Donald Trump’s campaign website was reportedly hacked
Ethereum Forms A Bullish Pattern – Expert Reveals Short-Term Price Target
Este artículo también está disponible en español. Ethereum has been trading below the $2,800 mark for the past two weeks as selling pressure at this critical level contin
Ethereum Supply Locked Hits New ATH: Smart Money Bets On Long-Term Growth
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Price analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA
Rakesh Upadhyay5 hours agoPrice analysis 7/8: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADABitcoin is facing intense selling pressure, but the positive divergence on the RSI suggests a recovery is possible in the nea
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022
Bitcoin Miner Genesis Digital Assets Secured 708 MW in Capacity During the First Half of 2022 This week the bitcoin mining company Genesis Digital Assets announced that the firm ha
Super PAC tried to ‘bury a conversation’ on crypto with attack ads — Rep. Katie Porter
Turner Wright5 hours agoSuper PAC tried to ‘bury a conversation’ on crypto with attack ads — Rep. Katie Porter“They don’t know what my crypto views are because they never asked,” said Katie Porter following h
Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela
Travelers Will Be Able to Purchase Airline Tickets With Crypto in Venezuela Travelers will be able to purchase airline tickets in Venezuela using cryptocurrencies in the near futur
Pro Bitcoin traders are cautiously bullish despite BTC’s 14% correction
Marcel Pechman2 hours agoPro Bitcoin traders are cautiously bullish despite BTC’s 14% correctionBitcoin surprised investors with a sharp sell-off today, but derivatives metrics are still neutral-to-bearish despite the
History of Crypto: DeFi revolution during a global crisis
Derek Andersen8 hours agoHistory of Crypto: DeFi revolution during a global crisisAnalyzing the impact of the pandemic on crypto and the explosive growth of DeFi, including Bitcoin’s third halving and the rise of NFTs.