Technical Analysis: Flow rises by approximately 30% to enter the Top 50

On Saturday, Flow traded nearly 30% higher, with the majority of the “Top 100 Cryptocurrencies” in the green. Today's move indicates that Flow also makes it into the list of top 50 cryptocurrencies by market cap. Biggest Gainers After a bearish end to the work week, cryptocurrency markets are green across the board to start the weekend.

Notable gainers include Solana, which is up more than 10%, while SAND is also trading higher, and is up about 15% at the time of writing. However, the clear bull of the day is FLOW, which as of writing is up about 23%, hitting an intraday high of $6.62 in the process. The move began after the FLOW/USD index rose from the recent support level of $4.50, where it last traded on Thursday, now reaching an intraday high of $6.62 two days later.

FLOW on Saturday saw a breakout move, becoming the No. 50 cryptocurrency worldwide, by market capitalization. Looking at the chart, the RSI is tracking at 47, which is close to its strongest point this year, while prices look at resistance at $6.48. FLOW/USD – Daily Chart If the price strength continues to rise, we could see FLOW/USD at $8.00 very soon.

Biggest Losers As of writing, only two of the top 100 cryptocurrencies traded lower on Saturday, as bears appear to have been busy this weekend. One of the bears remaining was LEO coin, which as of writing traded about 1% lower, hitting an intraday low of $3.36 as a result. Looking at the chart below, today's decline saw LEO/USD break below the 0.382 Fibonacci level, which also served as the recent support point.

LEO/USD – Daily Chart In addition to the breakout, the 14-day RSI is tracking around 36, which is close to its lowest level since November, when it was at $2.75. Source