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The current market cycle is bearish. However, few coins have been topping others well, and some coins are also showing signs that the market’s steady decline may be changing. This indicates that the majority of the bulls are beginning to feel more upbeat as they maximize their orders in the demand zones.
Chain and Chiliz appear to be potentially bullish as they bounce off their respective demand zones. Moreso, there appears to be a lot of buying pressure currently as both coins rapidly rally out of the oversold region.
Chain (XCN/USD)
Before the breakout, XCN/USD was typically bearish across a descending channel. A breakout occurred recently, but to the downside, only for the price to surge rapidly after hitting the $0.03440 demand zone. While at the bearish order block, the buying pressure from the oversold region is likely to cause XCN/USD to expand upward and mitigate the order block.
Chain (XCN/USD)
Current Price: $0.04906
Market Capitalization: $1.1B
Trading Volume: $63M
7-day Gain: –6.66%
Chiliz (CHZ/USD)
The value of Chain began to appreciate in June, after a double bottom. While breaking the $0.136430 price level to the upside, a bullish order block was created. The bullish order block is the reason for the current bullish trend in the market after sell-side liquidity was sought. The price is expected to keep appreciating as it recovers from the oversold region.
Chiliz (CHZ/USD)
Current Price: $0.2148
Market Capitalization: $1.290B
Trading Volume: $1.85B
7-day Gain: –15.34%
A Rare Investment Opportunity Is Offered by The IMPT Token Presale
Pre-sales for the IMPT Token are currently underway. In less than a month, the digital asset has already raised close to $13 million.
D2T Will Be Listed on Bitmart Following the Presale
Dash 2 Trade and LBank are now scheduled to list on BitMart following the presale. The D2T presale is selling quickly, and it has now garnered around $6m for the platform’s future growth.
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