Market

FLOW Surges Over 18%, Enters Top 50

Flow traded nearly 30% higher on Saturday and is up 18% today as the majority of the top 100 cryptocurrencies are in the green. Today’s two-day upleg has helped the altcoin break into the top 50 cryptocurrencies by market cap.

The flow increases the most in the top 100

After the bearish working week ended, the crypto market heads into the weekend in broad green.

Notable bullish tokens include Tezos +12.4%, while SAND is also trading nearly 11.17% higher at press time.

Source: Coin360

However, the clear uptrend on the day is FLOW, which is up about 17% at press time while hitting an intraday high of $7.09.

The move began after FLOW/USD recovered from recent support at $4.50, where it last traded on Thursday, only to rally to the aforementioned high two days later.

The recent surge has seen become the 49th cryptocurrency by market cap.

FLOW/USD. Source: Trade View

Looking at the chart, the RSI sits at 47, around its strongest point this year.

Meanwhile, there are some of the top 100 altcoins with the biggest losses, including Terra (LUNA), Internet Computer (ICP), Helium (HNT), Basic Attention Token (BAT), Waves (WAVES), Ravencoin (RVN). . All of these coins are down around 4% in the last 24 hours.

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Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.