XTZrose to its highest price in nearly three weeks on Tuesday as the token rose for a second straight session. The move came as FLOW also traded higher, bringing the coin’s price closer to $2. Overall, the crypto market is 0.90% lower at the time of writing.
Tezos (XTZ)
XTZrose to multi-week highs on Tuesday, leading prices into a collision with long-term resistance levels in the process.
On Tuesday, Tezos rose to an intraday peak of $1.68, which is about 9% higher than yesterday’s low of $1.49.
As a result of this rally, the. XTZ/USD hit long-term resistance at $1.65 for the first time since June 12.
After the recent lows, the token’s price has steadily risen and at the time of writing is 11.48% higher than the same point last week.
In addition to price, another resistance has been hit as the 14-day RSI hit its own ceiling at 50.20 points.
It looks like the Tezos bulls are trying to get into $2 territory, but this probably won’t happen until we see a breakout of RSI resistance.
FLOW
FLOW traded near multi-week highs on Tuesday, with prices up 8% in today’s session.
Meanwhile, XTZwill have to wait a while longer to re-enter the $2 level, but FLOW approached this point after today’s rally.
Following Monday’s low of $1.65, FLOW/USD surged to an intraday peak of $1.81.
This is the highest the token has traded since June 13, meaning the price has reached the $1.80 resistance point.
Bulls opted to take profits rather than maintain their positions, and as a result, prices fell as the session progressed.
At the time of this writing, FLOW is currently trading at $1.77, just below its previous high.
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