Cryptocurrency

FLOW is up by 39% following the Instagram partnership

The cryptocurrency market may finish the week in a optimistic trend after including greater than 1% to its whole worth within the final 24 hours.

The cryptocurrency market has maintained its optimistic efficiency over the previous few days. The entire market cap is closing in on $1.1 trillion after including greater than 1% to its worth within the final 24 hours. 

Bitcoin is buying and selling above $23k as soon as once more after including 1% to its worth up to now in the present day. Ether continues to take care of its worth above the $1,600 psychological degree heading into the weekend.

FLOW, the native token of the Move blockchain, is one of the best performer amongst the highest 30 cryptocurrencies by market cap. FLOW has added 39% to its worth within the final 24 hours, outperforming the opposite main cryptocurrencies.

The first catalyst behind this rally is the announcement by the Move staff that its partnership with Instagram is now lively. 

In a tweet on Thursday, the Move staff stated choose customers can now join their Dapper pockets and showcase their favorite NFTs immediately on their Instagram account.

Key ranges to observe

The FLOW/USD 4-hour chart is extraordinarily bullish as Move has been performing excellently during the last 24 hours. The technical indicators present that FLOW is outperforming the broader cryptocurrency market.

The MACD line is deep inside the optimistic zone, indicating bullish momentum. The 14-day relative power index of 68 reveals that FLOW is heading in the direction of the overbought area if the optimistic momentum might be maintained.

At press time, FLOW is buying and selling at $2.64. If the bulls stay in cost, FLOW may surge previous the $3.05 resistance degree earlier than the top of the day. Nevertheless, it could want the assist of the broader market to cross the $4 mark for the primary time in practically six months. 




through Cointojournal

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