• Lovely Inu coin price jumped 35% but pared its gains.
• Launch of Lovely Inu deposits on WazirX triggered the rally.
• Technicals suggest bearish prospects for Aug 5.
Lovely Inu Coin Price Rallies, But Technicals Don’t Suggest Bull Continuation
Lovely Inu (LOVELY) coin price peaked at $0.000000186 on Aug 4, after a nearly 35% daily price increase, but corrected downward, settling around 0.000000155 in the European hours. The high volatility resulted in a negative MACD oscillator and an ‘oversold’ relative strength index, which contributed to the latest Lovery Inu price uptrend. However, as of Aug 4, the Lovely Inu Finance price faces bearish prospects unless the bulls double down.
Launch of Lovely Inu Deposits On WazirX Triggers Rally
Lovely Inu deposits are live on WazirX – India-based exchange announced the news on Aug 3, adding that the Lovely Inu Finance list on WazirX will be live on Aug 5. Currently, exchanges Bitget, MEXC, and Huobi hold top three trading volumes of LOVELY against Tether (USDT) stablecoin at 45%, 14%, and 10%, respectively with PancakeSwap closely following at 7%. Moreover, Lovely Int scored its Bitget listing on Aug 1 into its ‘Innovation Zone’ and ‘Meme Zone’ with a 60-day valuation period – if it fails to meet certain criteria; Bitget reserves right to delist it. It is not clear yet how much liquidity will this exchange produce but it could increase regional exposure for token holders.
Lovely Exchange Receives Legal Status from Panama Government
Cryptocurrency platform Lovely Inu Finance features Lovely Exchange which received legal status from Panama government which gives sense of security for institutional investors and traders alike who are likely to enter crypto markets through this platform or any other decentralized exchange (DEX).
Frequently Asked Questions
Q: When will Lovely Inu finance list on WazirX?
A: The listing will take place on Aug 5 according to exchange’s announcement however deposits are open since August 3rd already.
Q: Does Lovely Inu Coin ecosystem feature a DEX?
A: Yes! Cryptocurrency platform Lovely Inu Finance features lovely Exchange which received legal status from Panama government giving sense of security for institutional investors and traders alike who are likely to enter crypto markets through this platform or any other decentralized exchange (DEX).
Conclusion
Although launch of Lovely Int deposits on WazirX could increase regional exposure but it is not clear yet how much liquidity this exchange could produce meanwhile technicals suggests bearish prospects ahead unless bulls double down their efforts soon!