Layer-1 (Coin FLR) has increased by 19 % over the past 24 hours, ranked first in the encryption market today.
This represents another strong day while it has become a week -old gathering, which prompted the FLR price to the highest new weekly level of $ 0.018, an increase of 57 % during the past seven days.
Rally rally gains
Since April 9, FLR has made its highest daily levels, indicating a strong bullish momentum. The RSI Relative Power Index (RSI), which is in an upward direction and in 67.13 at the time of the press, confirms this positive view.
The RSI index measures the conditions of the asset assets market and increase. It ranges between 0 and 100. Values that exceed 70 indicate that the original may be excessive at the peak of prices, while values that are less than 30 indicate that the original has increased and may witness a recovery.
In 67.13, RSI from FLR indicates that the purchase pressure greatly exceeds the sales activity between the instant market participants. It indicates that there is still room for other gains before Tokin becomes more than that due to a correction.
Moreover, for the first time since January 26, the tapes of the graph that formed the amazing FLR oscillator (AO) over the zero line and continues to grow. This reflects the promotion of upward feelings between FLR holders.
The AO index measures the trends of the assets market and potential repercussions. It includes a chart that visually represents the difference between the short and long -term moving average. When bars are less than scratch, this indicates that the short -term momentum is weaker, indicating declining pressure.
On the other hand, as with FLR, when the Ao tapes flip over the zero line and continue in the upper direction, it indicates that the upscale momentum not only exists, but also grows. This hints other gains for FLR if other market conditions are aligned.
The bulls are pressed through the resistance, but attracting profits may stop the gains
The dual -number rally of FLR has paid over the past day, the price is higher than the main resistance, which was formed at $ 0.016. If this price point provides a strong support for FLR, it can extend its gains and climb it to $ 0.021.
However, the recovery in the profit achievement activity will nullify this upward projection. In this case, the ALTCOIN price may collapse to less than $ 0.016 and decrease about $ 0.010.
Disintegration
In line with the guidance of the confidence project, this price analysis article is for media purposes only and should not be considered financial or investment advice. Beincrypto is committed to accurate and unbiased reporting, but market conditions are subject to change without notice. Always perform your research and consult with a professional before making any financial decisions. Please note that the terms, conditions, privacy policy have been updated and the evacuation of responsibility.
