Monday noticed eos stay in the inexperienced, regardless of the most recent pink wave in cryptocurrency markets. In the present day’s rally sees the token transfer nearly 20% greater in the final seven days. Circulation, however, prolonged its latest declines and is now down by nearly 30% in the identical interval.
EOS
EOS was buying and selling principally greater on Monday, because the token remained near a three-month excessive.
Final Wednesday noticed EOS/USD rise to a excessive of $1.64, which was its strongest level since Could 11.
Since then, market uncertainty has heightened, with the token fallen 20 cents under that degree, at $1.44, on Sunday.
EOS/USD – Day by day Chart
Nevertheless, to begin the week, bullish sentiment returned, with EOS hitting a excessive of $1.58, which is marginally under a ceiling of $1.60.
This peak noticed the relative power index (RSI) additionally hit a resistance level, colliding with its 65.45 threshold.
On account of this, earlier features have eased, as bulls opted to safe earnings by liquidating positions.
EOS is monitoring at $1.52 as of writing.
Circulation (FLOW)
However, movement (FLOW) was on the other facet of the spectrum, as costs prolonged latest declines.
Following a excessive of $2.20 throughout Sunday’s session, FLOW/USD fell to a low of $2.03 to begin the week.
In the present day’s drop sees the token hit its lowest level since August 4, when costs had been buying and selling at a low of $1.86.
FLOW/USD – Day by day Chart
General, FLOW is down by almost 26% in the final week, and this comes after an prolonged interval of sell-offs.
Costs have now moved decrease for eleven of the final twelve periods, commencing after a false breakout of the $3.20 resistance degree.
The 10-day (pink) and 25-day (blue) shifting averages are actually on the cusp of a downward cross, which might see bearish sentiment stay for weeks to come back.
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