- The coin has the 24 hours trading volume of 67,271,485 with the loss of 4.62%
- New employees hiring by Rarible by launching a new marketplace on FLOW blockchain.
- The token-btc pair is trailing at the level of 0.0002622 with a gain of 12.74% in last 24 hours.
Rarible has been collecting funds to hire new employees as it wants to raise a new marketplace on the FLOW blockchain. Rarible is the ETH based platform and has clocked over 150M in this year’s initial digital sales. It has also gathered 1.8M for 1kx to expand its decentralised network for the new governance structure.
FLOW has been moving below its 200 days moving average and also below the SMA-50. The token not only moved parallel to SMA-50 till June but had also tried to cross it. It had crossed successfully twice but the returns were minimal, that is of nearly 5%. The token has been following a sinking path and gradual fall in price has been noticed. The trend line marked in the chart shows this. The trend is bearish now.
RSI for the last 5 hours shows the buy action with the value of 66.016 and MA-5 shows sell where as MA-10, MA-20 shows the buy action. Bull/Bear power shows the buy action too with the value of 0.1968.
FLOW has the volume/market cap of 0.183 and its market dominance is 0.03%. The token has the days range of 7.5722-8.800
Conclusion: DOJI marked in the chart has not proven worthy yet. The circle marked on an RSI oscillator shows that if you are wishing to long the coin then you can, there might be some profit in the coming time.
Technical Instruments:
Pivot: 8.6682
R-1: 8.6768
R-2: 8.6820
S-1: 8.6596
S-2: 8.6544
(Note- The unit is USD).