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Biggest Movers: FLOW Moves to Highest Point Since May, DOT Fast Approaching $10 Level – Market Updates Bitcoin News
Stream was within the inexperienced to begin the week, because the token climbed to its highest level since Could. The surge has seen costs rise by as a lot as 15% on Monday, as latest positive factors have been prolonged. Polkadot was additionally larger, because it too cemented multi-month highs.
FLOW
FLOW was certainly one of Monday’s most notable movers, with costs of the token rising by as a lot as 15% in right now’s session.
After buying and selling at a low of $2.59 on Sunday, FLOW/USD rallied to an intraday excessive of $3.13 to begin the week.
This transfer noticed FLOW rise to its highest level since Could 11, when costs have been buying and selling above $4.00.
Trying on the chart, right now’s peak comes because the token broke out of its long-term resistance at $3.00.
The surge comes as worth power continues to climb, and as of writing, is monitoring in overbought territory.
Presently, the relative power index (RSI) is at a studying of 75.28, which is near its highest level since April.
This might be a optimistic for bears anticipating imminent worth declines.
Polkadot (DOT)
While FLOW moved to a three-month excessive, polkadot (DOT) moved to its highest degree in shut to 2 months.
DOT/USD raced to an intraday peak of $9.36 to begin the week, lower than 24 hours after residing at a low of $8.54.
Because of Monday’s surge, DOT moved briefly above its worth ceiling of $9.30, which is likely one of the final traces of protection to a transfer above $10.00.
Since hitting earlier highs, positive factors in polkadot have considerably eased, as bulls probably moved to safe income.
This drop in momentum coincides with the 14-day RSI hitting a resistance degree of its personal close to the 67 mark.
Ought to DOT wish to lengthen its transfer in the direction of the $10.00 mark, then relative power might want to overcome this impediment.
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