Flow increases by almost 30 %to get into the top 50 - market tactualizations

Flow is traded almost 30 % higher on Saturday because the majority of the crypto top-100 are in the green area. With today's step, Flow also gets into the top 50 cryptocurrencies after market capitalization.

biggest winner

After a declining end of the working week, the cryptocurrency markets are green to start the weekend.

Solana was one of the remarkable winners, which has increased by over 10 %, while sand is also higher and has increased by almost 15 % at the time of writing.

However, the clear bull of the day is flow, which rose by around 23 % at the time of writing this article and has reached an intraday high of $ 6.62.

The movement began after Flow/USD recovered from $ 4.50, where it was last traded on Thursday, and now reached an intra-raday high of $ 6.62 two days later.

The climb on Saturday led to the flow moving past AAVE to be the cryptocurrency in 50th place in the world, measured by the market capitalization.

If you look at the diagram, the RSI moves at 47, which corresponds approximately to its strongest point this year, while prices seem to be located with a resistance of $ 6.48.

If the price strength continues to rise, we could see flow/USD earlier or later at $ 8.00

largest loser

At the present time, only two of the top 100 cryptocurrencies are traded lower on Saturday because yesterday's bears seem to be occupied this weekend.

One of the remaining bears was Leo, which is currently being traded about 1 % lower and consequently reached an intraday low of $ 3.36.

If you look at the diagram below, today's decline has caused Leo/USD to fall below the Fibonacci level of 0.382, which also served as the latest support point.

In addition to the outbreak, the 14-day RSI moves by 36, which is close to the lowest level since November when it was $ 2.75.

could we see how Leo recovered at the weekend? Share your thoughts in the comments.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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