Biggest Movers: XTZ, FLOW Reach Multi-Week Highs on Tuesday

June 28, 2022

XTZ rose to its highest level in almost three weeks on Tuesday, because the token climbed for a second straight session. The transfer got here as FLOW was additionally buying and selling larger, as costs of the coin moved nearer to $2. Overall, crypto markets have been 0.90% decrease as of writing.

Tezos (XTZ)

XTZ rose to a multi-week excessive on Tuesday, main costs to a collision with a long-term resistance stage within the course of.

Tuesday noticed tezos climb to an intraday peak of $1.68, which is sort of 9% larger than yesterday’s low at $1.49.

As a results of this rally, XTZ/USD collided with its long-term resistance stage at $1.65 for the primary time since June 12.

Following current lows, costs of the token have steadily elevated, and as of writing are 11.48% larger than on the identical level final week.

In addition to costs, one other resistance has been hit, because the 14-day RSI hit a ceiling of its personal on the 50.20 level.

Tezos bulls seem like making an attempt to enter the $2 area, nevertheless it will doubtless not happen till we see a breakout of the RSI resistance.

FLOW

FLOW was additionally buying and selling close to a multi-week excessive on Tuesday, as costs rose by as a lot as 8% throughout right now’s session.

Whilst XTZ bulls might have to attend some time longer earlier than re-entering the $2 area, FLOW was shut up to now following right now’s positive factors.

Following Monday’s low of $1.65, FLOW/USD surged to an intraday peak of $1.81 earlier within the day.

This is the best level the token has traded since June 13, and comes as costs additionally hit a resistance level of $1.80.

Bulls opted to safe earnings relatively than maintain onto their positions, which resulted in costs falling decrease because the session progressed.

As of writing, FLOW is at present buying and selling at $1.77, which is marginally under earlier highs.

Do you count on FLOW to succeed in $2 as early as tomorrow? Let us know your ideas within the feedback.