LOYAL Price Skyrockets 231%: Whats Behind the Surge?

LOYAL Price Skyrockets 231%: Whats Behind the Surge?


The Loyalty Labs (LOYAL) Price Surge: What You Need to Know

The price of Loyalty Labs (LOYAL) has been on the rise, with a significant increase of 231% on Sunday, July 16. As of 6am EST, LOYAL is still in the green, experiencing a 1,671% increase to $0.000243. The trading volume of LOYAL has also surged by 29,945% in the last 24 hours, reaching an all-time high value of $0.0002573.

Key Points:

  • LOYAL is trading in the green and forming a large green candle, indicating a bull run.
  • The Donchian Channel (DC) shows that LOYAL is in the upper region, expressing a bullish sentiment.
  • The Relative Strength Index (RSI) value is 91.98, firmly in the overbought region, indicating a surge in buying pressure.
  • The Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the bullish sentiment.
  • The Histogram bar for today is a long green bar, showing the massive buy pressure in the market.

LOYAL’s Resistance Levels Turned Support

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LOYAL is currently trading at $0.0002770, finding critical support at $0.000009544. It has surpassed the resistance levels of $0.00005692 and $0.0001092, turning them into support levels. This indicates that the bulls are in control and the price is likely to reach higher levels.

What Could Be Behind LOYALTY’s Recent Price Surge?

Loyalty Labs has gained a massive following of over 13.1 thousand Twitter followers within just two months. This suggests that the project has attracted a large number of investors, potentially contributing to the price surge.

Loyalty Labs Alternative: Launchpad (LPX)

Launchpad (LPX) is a smart analytics platform powered by AI technology, providing assistance to traders based on blockchain and Web-3 principles. It offers innovative companies a platform to raise capital and launch their tokens. LPX presale has reached the $1.16 million milestone, indicating significant investor interest in the project.

Top Features of Launchpad XYZ:

  • Analytics: Provides historical data, news feeds, market insights, and experienced trade setups to help traders make informed decisions and increase profitability.
  • Top-Notch Trading Terminal: Allows users to automate trades, conduct transactions during busy periods, and plans to partner with top DEX liquidity providers for a comprehensive trading experience.

How to Buy LPX Tokens:

  1. Visit Launchpad XYZ’s main website.
  2. Choose your base cryptocurrency (ETH or USDT) to exchange for LPX tokens.
  3. Purchase ETH or USDT on a reliable crypto exchange like eToro.
  4. Create an account, complete verification, and deposit money into the exchange account.
  5. Create a secure digital wallet like MetaMask or Trust Wallet that supports Wallet Connect.
  6. Connect your crypto wallet to the LPX presale platform using Wallet Connect or MetaMask.
  7. Confirm and complete your transaction, and wait for the presale phase to end.
  8. Your LPX tokens will remain in your connected wallet during this time.
  9. Follow Launchpad XYZ’s instructions after the presales to obtain LPX tokens.

Hot Take:

The recent price surge of Loyalty Labs (LOYAL) can be attributed to its strong bullish momentum, confirmed by various technical indicators. Additionally, the project’s growing Twitter following suggests a significant investor interest. With the alternative option of Launchpad (LPX), backed by AI technology and offering innovative features, the crypto space is witnessing exciting developments in 2023.

Author – Contributor at | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.

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This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.
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