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The Defi protocol Akropolis AKRO has slightly declined today following its impressive price movement in the past few weeks. At 7:11 EST, AKRO’s price is down by 4% and is trading at $0.01172.
The trading volume of the asset is down by 67% in the last 24 hours. While the bears celebrate control over the DeFi coin, will the bull regain enough momentum to facilitate a rebound?
Akropolis AKRO’S Price Trends Suggests Buyer Dominance in Past Week
AKRO has recorded a significant and rapid price increase, leading it to reach its highest value in 2023. In the last 30 days, the price has increased by 154% and 44% in the past week.
Technical Indicators Point Toward Bullish Trend Continuation
As shown on the chart, Akropolis’s price is trading above both the 50-day and 200-day Simple moving Averages SMA, indicating a bullish price momentum in the long and short term for the asset.
Also, the Moving Average Convergence Divergence MACD trades above the signal line with green histogram bars, further supporting the buyer’s market dominance.
Additionally, the Relative Strength Index RSI of 66.05 suggests the market is relatively neutral and hasn’t reached the overbought zone yet. A trend reversal could occur if AKRO trades into the overbought price zone.
Information from the above technical indicators denotes that AKRO’s price is still on its bullish price trajectory, and we can see more upside for the asset in the coming weeks.
Akropolis Bulls Show Resilience as Price Consolidates Around Resistance Zone
The chart illustrates that AKRO’s price declined quickly after reaching the $0.01316 resistance zone. The asset is consolidating around this zone, with buyers hoping to increase the price.
If the sellers nullify the current buy pressure, AKRO’S price could retest its previous support zone of $0.00837, indicating a short-term bearish price movement for the asset.
However, market observers and Defi enthusiasts are positive for a bullish market outlook for the asset in the coming weeks.
yPredict Reaches $3.5m Milestone in Presale Round
YPredict has amassed over $3.5 million in funding; the presale demonstrates encouraging indicators of the token’s prospective worth. The ongoing presale has designated 80 million tokens, with a hard cap of $6.5 million.
yPredict represents a groundbreaking decentralized system that employs blockchain to establish a transparent and secure prediction market.
yPredict’s concept revolves around harnessing the power of artificial intelligence (AI) to enhance trading choices. The platform brings together a community of AI and machine learning (ML) professionals, financial quantitative analysts, and traders.
Built on the Ethereum blockchain and powered by the YPRED token, this platform seeks to offer individuals a decentralized substitute for conventional prediction markets.
It uses smart contracts and allows users to predict market movements or better trading decisions.
Features and Tokenomics of yPredict Ecosystem
The yPredict analytics system includes a variety of functionalities, including identifying patterns, analyzing sentiment, examining indicators, and reviewing transactions.
The platform utilizes a freemium pricing strategy, providing three membership levels: free, active, and pro trader.
Within the platform’s ecosystem, the marketplace allows financial data scientists to vend their predictive model outcomes via a monthly subscription service, delivering advantages to scientists and traders.
The marketplace, endorsed by the yPredict Decentralized Autonomous Organization (DAO), presents analyses by esteemed AI specialists and quantitative analysts on prevailing market patterns.
Central to the yPredict ecosystem is the $YPRED token, serving various functions. Users must possess $YPRED tokens to utilize yPredict’s tools and data insights.
These tokens are integral to a subscription model with three tiers, granting users access to data-fueled insights into the cryptocurrency market, personalized trading tools, and a marketplace for model predictions.
Tokens holders will receive 10% of each fresh subscription registered on the platform, cultivating a spirit of collective advancement.
Furthermore, 15% of all exchange fees are divided among token holders who have staked their tokens via a staking pool, enabling users to earn passive earnings.
The possibility of achieving a robust annual percentage yield (APY) further enhances the appeal of these tokens. The demand for the $YPRED token is swiftly increasing, and individuals keen on joining the presale can do so by visiting this website.
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