{"id":421071,"date":"2023-07-20T16:49:23","date_gmt":"2023-07-20T16:49:23","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=421071"},"modified":"2023-07-20T16:49:23","modified_gmt":"2023-07-20T16:49:23","slug":"landwolf-price-rocketed-after-completing-fibonacci-retracement-will-0-01-resistance-be-retested-today","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/landwolf-price-rocketed-after-completing-fibonacci-retracement-will-0-01-resistance-be-retested-today","title":{"rendered":"Landwolf Price Rocketed After Completing Fibonacci Retracement. Will $0.01 Resistance Be Retested Today?"},"content":{"rendered":"
LandWolf rocketed following the completion of a Fibonacci retracement pattern, catching the attention of investors and traders alike.<\/p>\n
With the recent upward momentum, will the crucial $0.01 resistance level be retested today?<\/p>\n
As of 09:08 EST, LandWolf (WOLF) is valued at $0.00264518, with an unknown market capitalization. The coin has seen a 29% surge over the past day and a positive price increase over the previous 7 days.<\/p>\n
LandWolf (WOLF) has witnessed a decline in trading volume, amounting to $422,647 in the past 24 hours. This indicates a decrease of 49% compared to the volume recorded one day earlier.<\/p>\n
According to CoinGecko<\/a>, the highest LandWolf (WOLF) reached was $0.01537975 four days ago. The present price stands significantly lower, showing a decrease of 83.7% from its highest recorded price.<\/p>\n The lowest recorded price for LandWolf (WOLF) was $0.00167163 on Jul 19, 2023. The current price is 49.6% higher than the all-time low price, indicating a notable increase since the lowest point.<\/p>\n As per the chart, WOLF\/USD has bounced off from the lower band of the Bollinger Bands, indicating a potential trend reversal or price recovery.<\/p>\n Traders may often interpret this as a buying opportunity, expecting the asset’s price to rise as it moves away from the lower band and potentially approaches the middle or upper bands.<\/p>\n However, the asset’s Moving Average Convergence Divergence<\/a> (MACD) shows weak bullish momentum as its trading below the signal line.<\/p>\n Lastly, the Relative Strength Index (RSI) is at 44, suggesting a neutral market. An RSI value between 30 and 50 generally indicates a moderate downward momentum in the price.<\/p>\n Traders might interpret this as an opportunity to consider buying the asset since it is not heavily oversold rather than experiencing a relatively moderate pullback.<\/p>\n Generally, the combination of BB, MACD, and RSI suggests that the asset will likely experience a shift in market sentiment soon despite the present bearish sentiment.<\/p>\n Over the 2 days, WOLF\/USD has been locked in a persistent bearish trendline, experiencing a consistent decline in its price. A recent development is capturing the attention of traders and investors as the coin has now formed a new trend.<\/p>\n The chart shows that the price has tested the bullish trendline and is heading toward its previous high.<\/p>\n This shift in trajectory brings a glimmer of hope for potential price recovery, and many are closely monitoring the coin’s movements to determine its future direction in the market.<\/p>\n But, if the price breaks below the bullish trendline, it may likely indicate a bearish momentum, and the price will fall.<\/p>\nPrice Review Using Technical Indicators – BB, RSI, & MACD<\/h3>\n
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