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 declines...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
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 declines and is now down by almost 30% in the same period.
EOSEOS 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.
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.
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:
Do you expect flow to fall to a floor of $1.80 this week? Let us know your thoughts in the comments.
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Bitcoin NewsRelated market context
Best Crypto to Buy Now: MemeToro ($MT) AI Presale at $0.00649 vs Pepe, Solana and Dogecoin
Key takeaways MemeToro ($MT) leads this list of the best crypto to buy now. MemeToro is an open-source AI memecoin launchpad on BN...
X Layer adds $32 million in tokenized stock market cap in one week
X Layer's rapid growth in tokenized stocks highlights the increasing integration of blockchain in traditional finance, potentially...
Coinbase Flags BLAST Network Shutdown and Customer Access Risk
TL;DR: Coinbase’s published status information identified an October 26 deadline linked to the Blast network shutdown and warned t...
Bitcoin Hovers Around $80,000 as Fed Decision Draws Closer
TL;DR: Bitcoin market participants entered October 27 focused on the Federal Reserve’s policy discussion and the upcoming interest...
Crypto Leaders Blast Misleading WSJ Ad on Tokenization Risks
An anti-tokenization ad by a non-profit civic organization in the Wall Street Journal has drawn criticism from the crypto communit...
Bitcoin Price Bounces as Nasdaq Soars, KOSPI Rebounds, and FOMC Hike Fears Persist
Bitcoin price is recovering toward $81,000, gaining nearly 2% as buyers return ahead of the Federal Reserve’s FOMC policy decision...