{"id":1379,"date":"2022-05-11T08:21:49","date_gmt":"2022-05-11T08:21:49","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/05\/11\/flow-declines-by-5-in-the-last-24-hours\/"},"modified":"2022-05-11T08:21:49","modified_gmt":"2022-05-11T08:21:49","slug":"flow-declines-by-5-in-the-last-24-hours","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/05\/11\/flow-declines-by-5-in-the-last-24-hours\/","title":{"rendered":"FLOW declines by 5% in the last 24 hours"},"content":{"rendered":"

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The cryptocurrency market has continued its poor begin to the week, dropping greater than 6% of its worth in the last 24 hours.\u00a0<\/strong><\/p>\n

The crypto market has been performing poorly since the begin of the week. The market has misplaced almost 7% of its worth in the last 24 hours, and the whole market cap now stands above the $1.3 trillion mark.<\/p>\n

The market has misplaced over $100 billion over the previous few hours, with LUNA\u2019s poor efficiency affecting the broader crypto market.\u00a0<\/p>\n

Bitcoin is down by greater than 4% over the previous 24 hours and is struggling to keep up its worth above the $30k stage. Ether has dropped to the $2,300 area after dropping greater than 3.5% of its worth in the last few hours.<\/p>\n

FLOW, the native token of the Flow ecosystem, is down by greater than 5% over the previous few hours. The poor efficiency comes regardless of the Flow crew asserting the launch of its $725 million ecosystem fund.<\/p>\n

In a\u00a0blog post\u00a0<\/u><\/a>on Monday, Flow mentioned the Ecosystem Fund would help current and future builders in constructing functions on the Flow blockchain. The builders will acquire investments, FLOW token grants and in-kind help from the crew.<\/p>\n

Key ranges to observe<\/p>\n

The FLOW\/USD 4-hour chart is bearish over the previous few hours as the market continues to underperform. (*24*) the constructive information, FLOW might document additional losses in the coming hours.<\/p>\n

The MACD line is past the impartial zone as the bearish sentiment in the market thickens. The 14-day relative energy index of 33 reveals that FLOW is at the moment oversold.<\/p>\n

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At press time, FLOW is buying and selling at $3.49 per coin. If the bearish pattern continues, FLOW might drop beneath the first main help stage at $3.10 earlier than the finish of the day.\u00a0<\/p>\n

In the occasion of prolonged adverse efficiency, FLOW might commerce beneath $3 for the first time this yr.\u00a0<\/p>\n<\/p><\/div>\n

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[ad_1] The cryptocurrency market has continued its poor begin to the week, dropping greater than 6% of its worth in the last 24 hours.\u00a0 The crypto market has been performing poorly since the begin of the week. The market has misplaced almost 7% of its worth in the last 24 hours, and the whole market 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