Biggest Movers: FLOW Moves to Highest Point Since May, DOT Fast Approaching $10 Level

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Flow was in the green to start the week, as the token climbed to its highest point since May. The surge has seen prices rise by as much as 15% on Monday, as recent gains were extended. Polkadot was also higher, as it too cemented multi-month highs.

FLOW

FLOW was one of Monday’s most notable movers, with prices of the token increasing by as much as 15% in today’s session.

After trading at a low of $2.59 on Sunday, FLOW/USD rallied to an intraday high of $3.13 to start the week.

This move saw FLOW rise to its highest point since May 11, when prices were trading above $4.00.

Looking at the chart, today’s peak comes as the token broke out of its long-term resistance at $3.00.

The surge comes as price strength continues to climb, and as of writing, is tracking in overbought territory.

Currently, the relative strength index (RSI) is at a reading of 75.28, which is close to its highest point since April.

This could be a positive for bears anticipating imminent price declines.

Polkadot (DOT)

Whilst FLOW moved to a three-month high, polkadot (DOT) moved to its highest level in close to two months.

DOT/USD raced to an intraday peak of $9.36 to start the week, less than 24 hours after residing at a low of $8.54.

As a result of Monday’s surge, DOT moved briefly above its price ceiling of $9.30, which is one of the last lines of defense to a move above $10.00.

Since hitting earlier highs, gains in polkadot have somewhat eased, as bulls likely moved to secure profits.

This drop in momentum coincides with the 14-day RSI hitting a resistance level of its own near the 67 mark.

Should DOT want to extend its move towards the $10.00 mark, then relative strength will need to overcome this obstacle.

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Do you expect polkadot to surge to $10 this week, despite being overbought? Let us know your thoughts in the comments.