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The bearish market season is still ongoing. Nevertheless, some coins have been outperforming others well, while certain coins are also displaying indications of a shift in the market’s downward trend. This demonstrates that as they increase their orders in demand zones, the majority of bulls are starting to feel more optimistic.
Among the coins with potential profits are Loopring and Axie Infinity. As the SMA indicator signaled bullish, LRC/USD engulfed more than twenty daily bearish candlesticks in just one day. This reveals the intention of the bulls to squeeze the bears out of the market. Axie Infinity now recuperates from the oversold region. The liquidity void appears to be the first exit for the bull.
Loopring (LRC/USD)
The market’s overall trend has been bearish since April 2022. Amidst the bears’ dominance, the bulls strived to drive the market upward within an ascending channel for two months beginning in June 2022. The market crashed massively after hitting a bearish order block at the $0.524000 supply zone. LRC/USD recently hit the $0.237360 demand zone, and the moving average now signals buy. Should the bearish order block be broken, the price might continue to rally for a long time.
Loopring (LRC/USD)
Current Price: $0.3657
Market Capitalization: $0.49B
Trading Volume: $0.7B
7-day Gain: 32.3%
Axie Infinity (AXS/USD)
A downward trendline has emerged for a very long time in the market; this trendline has been used by the bears to ride the market trend downward. The bullish momentum gets weaker as prices approach the downward trendline. Recently, the market has entered an oversold region and hit the $8.1890 demand zone for the first time in the year. This price action might drive prices beyond the downward trendline. This expectation becomes more probable if the price fills the liquidity void, consolidates therein, and expands upward.
Axie Infinity (AXS/USD)
Current Price: $11.07
Market Capitalization : $1.08B
Trading Volume: $0.44B
7-day Gain: 19.53%
The IMPT Presale is Ongoing
Being the bridge between the ESG industry and the crypto world and also restructuring the way carbon credits are managed remain the central focus of the Impact Project. As the IMPT presale continues, more than $12m has been raised in just a few weeks.
Dash 2 Trade Token Price Is Currently a Good Bargain
Even with the rapid sellout, Dash 2 Trade (D2T) remains cheap. About $5 million has now been raised for the future development of the platform.
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