{"id":6068,"date":"2022-08-05T08:03:50","date_gmt":"2022-08-05T08:03:50","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2022\/08\/05\/flow-is-up-by-39-following-the-instagram-partnership\/"},"modified":"2022-08-05T08:03:50","modified_gmt":"2022-08-05T08:03:50","slug":"flow-is-up-by-39-following-the-instagram-partnership","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2022\/08\/05\/flow-is-up-by-39-following-the-instagram-partnership\/","title":{"rendered":"FLOW is up by 39% following the Instagram partnership"},"content":{"rendered":"

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The cryptocurrency market may finish the week in a constructive vogue after including greater than 1% to its whole worth in the final 24 hours.<\/strong><\/span><\/p>\n

The cryptocurrency market has maintained its constructive efficiency over the previous few days. The whole market cap is closing in on $1.1 trillion after including greater than 1% to its worth in the final 24 hours.\u00a0<\/span><\/p>\n

Bitcoin is buying and selling above $23k as soon as once more after including 1% to its worth thus far as we speak. Ether continues to take care of its value above the $1,600 psychological stage heading into the weekend.<\/span><\/p>\n

FLOW, the native token of the Flow blockchain, is the greatest performer amongst the high 30 cryptocurrencies by market cap. FLOW has added 39% to its worth in the final 24 hours, outperforming the different main cryptocurrencies.<\/span><\/p>\n

The major catalyst behind this rally is the announcement by the Flow group that its partnership with Instagram is now lively.\u00a0<\/span><\/p>\n

In a <\/span>tweet <\/span><\/a>on Thursday, the Flow group stated choose customers can now join their Dapper pockets and showcase their favorite NFTs instantly on their Instagram account.<\/span><\/p>\n

Key ranges to observe<\/h2>\n

The FLOW\/USD 4-hour chart is extraordinarily bullish as Flow has been performing excellently over the final 24 hours. The technical indicators present that FLOW is outperforming the broader cryptocurrency market.<\/span><\/p>\n

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The MACD line is deep inside the constructive zone, indicating bullish momentum. The 14-day relative power index of 68 exhibits that FLOW is heading in direction of the overbought area if the constructive momentum might be maintained.<\/span><\/p>\n

At press time, FLOW is buying and selling at $2.64. If the bulls stay in cost, FLOW may surge previous the $3.05 resistance stage earlier than the finish of the day. However, it could want the help of the broader market to cross the $4 mark for the first time in practically six months.\u00a0<\/span><\/p>\n<\/div>\n