A recent rundown in the FLOW market has activated a bearish technical pattern, risking huge declines in the sessions ahead.
FLOW prices slipped on Thursday as traders unwind their bullish bets from the lately bullish digital assets.The FLOW/USDT exchange rate lost up to 15.22% New York morning, a sharp reversal from Wednesday when the pair closed at a one-month high of $16.99 following a 43.87% rally. However, it continued its upside momentum in the early Asia-Pacific session, hitting $18.44 before correcting lower.Thursday’s selloff in the FLOW market was broad-based and came in sync with a massive downside correction in the cryptocurrency market. For instance, Bitcoin, the flagship cryptocurrency that typically influences its digital asset rivals, plunged more than 5% in the previous 24 hours. The second-best Ethereum dipped more than 8% in the same timeframe.Top-10 token performances in the previous 24 hours. Source: Mess
Źródło: https://cointelegraph.com/news/flow-faces-20-crash-risk-after-intraday-pump-and-dump
