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After dropping under $0.430 and staying under this stage since September 10 and reaching as little as $0.391, the Move worth lastly started recovering and rose above the mentioned stage on September 16.Â
The rally noticed the FLOW worth hit a excessive of $0,48 earlier than dropping sharply towards $0.434. What adopted was a sideways worth motion that has seen the altcoin spend a number of days fluctuating between $0.434 and $0.452, its main resistance stopping it from going as much as $0.5.
On the time of writing, Move is buying and selling at $0.447, down 0.8% on the day. Move’s buying and selling exercise has elevated considerably during the last 24 hours, rising by 108% to $33.9 million, in keeping with knowledge from CoinMarketCap.Â
On the weekly timeframe, Move stays bearish after dropping 3% during the last seven days. It is usually down 17% and 52% within the earlier 30 days and 6 months, respectively.Â
Can FLOW Worth Break Out of Consolidation to $0.58?
Because of the sideway’s worth motion, the altcoin’s 14-day Relative Power Index (RSI) is flattening out at $49. This implies that the overhead and the shopping for stress are balanced out.Â
The Transferring Common Convergence Divergence (MACD) indicator strengthened this indecisiveness by the FLOW worth because it additionally appeared to stage out close to the zero line. Which means that market members have to attend and see the value course.Â
FLOW/USD Each day Chart
From a technical standpoint, the $0.434 and $0.45 demand zone doesn’t seem sturdy sufficient to lower one other sell-off. If the sellers win the continuing battle for management, this help stage might give in, inflicting the value to drop under $0.43. If this occurs, likelihood is good that FLOW will see a further worth drop that may take it under $0.42 towards $0.391.
It is price noting that some crypto analysts consider that this is a superb alternative to take an extended place. An evaluation by Professional Crypto Merchants reveals that the present demand stage might produce the shopping for stress required to push the Move worth out of consolidation and right into a sustained restoration.Â
$FLOW
We expect breakout on falling wedge in every day TF!Anticipating +150% Bullish Wave! #FLOW #FLOWUSDT #Cryptoinvesting pic.twitter.com/TJ5Co0rInP
— Professional Crypto Indicators (@Pr0Crypto) September 21, 2023
The bullish MACD indicator helps this. This trend-following chart oscillating indicator continues to be optimistic after sending a name to purchase FLOW on September 12 when the MACD line (blue) crossed above the sign line (orange). So long as the MACD continues to maneuver above the sign line, the Layer 1 token will stay bullish on the every day timeframe.Â
As such, if FLOW manages to breach the present resistance, it might transfer as much as the one sitting at $0.463, the place the 50-day SMA sits.Â
Overcoming this stage would see the Move worth rise above the $0.5 psychological stage and the 100-day SMA at $0.525 to succeed in the provider congestion zone round $0.58. This is able to signify a $0.18% ascent from the present worth.Â
It is usually price mentioning that September is, traditionally, the worst month for crypto costs. As this month ends with This autumn 2023 solely days away, the bullish sentiment could return in days and weeks.
However earlier than this, low cost altcoins provide nice funding alternatives with the potential to make nice returns as soon as the bull market begins. Presenting such a chance is Meme Kombat, a new cryptocurrency in presale with the chance to make 100X returns as soon as the funding spherical is over.
FLOW Alternate options: Meme Kombat Gives Distinctive Utility
Meet Meme Kombat, a revolutionary blockchain that seamlessly blends the memetic love of nostalgic gaming, and GambleFi, right into a decentralized Web3 platform.
So, what makes Meme Kombat distinctive, and why do you have to hold a eager eye on this presale?
The essence of Meme Kombat lies in its fascinating enviornment, the place characters aiming to faucet into deeply tribal crypto communities lock horns.
There isn’t a telling what’s going to occur throughout Kombat 👊 pic.twitter.com/C3a95ZOs9F
— Meme Kombat (@Meme_Kombat) September 25, 2023
Gamers can place their bets on these animated battles, predicting the outcomes and probably reaping engaging rewards.
With a sturdy promise of Season 1 showcasing 11 distinct meme characters, there’s no scarcity of motion, and Season 2 is already on the horizon for December 2023.
The decentralized nature of the challenge and the joys of AI-driven battles be certain that the outcomes are each clear and unpredictable. Each battle is a brand new expertise, making certain gamers keep engaged.
Its nearly time to unlock a universe of AI-driven meme battles 😈
👊 Legends shall be born 👊
💥 Memes will conflict! 💥
Be a part of the $MK token presale and assist form the way forward for crypto gaming. pic.twitter.com/lhOJEZIhjH
— Meme Kombat (@Meme_Kombat) September 20, 2023
The tokenomics of Meme Kombat can also be an interesting issue for potential traders. The Stake-to-Earn $MK token is at present in presale. Priced attractively at $1.667, it provides early adopters an opportunity to dive right into a rewarding ecosystem.
With a beneficiant APY of 112%, stakers profit from passive earnings and may use their staked tokens to put bets within the enviornment – this twin performance – incomes whereas gaming – units Meme Kombat aside.
The group behind Meme Kombat has already amassed near $60,000 inside just some days of the presale launch. This very spectacular efficiency has left many analysts believing it’d make between 20X-100X returns as soon as it’s listed on exchanges.
 Go to Meme Kombat right here for extra particulars in regards to the challenge.
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