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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. Total, crypto markets had 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 almost 9% larger than yesterday’s low at $1.49.
Because of this rally, XTZ/USD collided with its long-term resistance stage at $1.65 for the primary time since June 12.
Following latest lows, costs of the token have steadily elevated, and as of writing are 11.48% larger than on the identical level final week.
Along with 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 look like trying to enter the $2 area, nonetheless this can probably 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 at present’s session.
While XTZ bulls may have to attend some time longer earlier than re-entering the $2 area, FLOW was shut thus far following at present’s features.
Following Monday’s low of $1.65, FLOW/USD surged to an intraday peak of $1.81 earlier within the day.
That is the very 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 fairly than maintain onto their positions, which resulted in costs falling decrease because the session progressed.
As of writing, FLOW is at the moment buying and selling at $1.77, which is marginally beneath earlier highs.
Do you count on FLOW to succeed in $2 as early as tomorrow? Tell us your ideas within the feedback.
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