From a technical analysis perspective, FLOW is a better bet short term
Key points:
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The overall cryptocurrency market is bearish, but in the short term, some coins have good prospects.
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FLOW is one of the cryptocurrencies that currently have strong buying volumes and are promising in the short term.
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Cardano is bearish short-term but has the fundamentals to gain long-term value.
The cryptocurrency market is bearish at the moment, so everything is in the red. While buying any top crypto today has significant odds of long growth term, it’s not the case in the short term.
More short term, some cryptos can do better than others depending on money flow and short-term news. Technical analysis is one way to tell which crypto can do better than the rest short term.
In this context, between Cardano and Flow, Flow is a much better trade in the short term.
Flow (FLOW) Chart analysis
In the past 72 hours, Flow FLOW/USD buying volumes have risen. On 26th June 2022, FLOW dropped slightly before making a double bottom and rallying again. This indicates that bullish momentum is on the rise, and it could keep rallying going into the future. If FLOW can push through resistance at $1.75, it could easily test $2 or more in the short to medium term.
Source – TradingView
Cardano (ADA) price analysis
Cardano ADA/USD has been bearish for more than 72 hours. In the last 24 hours alone, Cardano has been making lower lows, an indicator that sellers have crashed every attempt by bulls to retake the market.
When writing this article, Cardano bulls attempted to retake control, but volumes were low. If bulls can push Cardano
