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Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines

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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.

EOS

EOS 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.

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The post Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines first appeared on RealTimeBit.

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JPMorgan projects Bitcoin to outperform US stocks and gold over next decade

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JPMorgan included Bitcoin in its long-term capital market outlook for the first time but warned that volatility and unstable correlations limit its role in investment portfolios.

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BlackRock files for third Bitcoin ETF, still no Solana or XRP

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US Bitcoin ETFs draw $527M in biggest showing since September

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BlackRock’s IBIT led the gains with $665.2 million in inflows, offsetting withdrawals from Fidelity and Grayscale, while other funds recorded no net flows.

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