The Loyalty Labs (LOYAL) price has been rising over the past few days, and gained 231% on Sunday, July 16. LOYAL is still in the green today, with a 1,671% increase to $0.000243 as of 6am EST.
Its trading volume is also up by 29,945% in the last 24 hours, and today it reached an all-time high value of $0.0002573.
LOYAL Hits New All-Time High
LOYAL is trading in the green today, forming a large green candle with a higher high that confirms its bull run.
It is trading in the upper region of the Donchian Channel (DC), expressing a bullish sentiment on the chart. This implies that the bulls are dominating the market and seeking to continue positive price momentum. Also, its Relative Strength Index (RSI) value is 91.98, firmly in the overbought region.
The RSI indicator is moving upwards, indicating a massive surge in buying pressure today, reflected in the spike in trading volume. The RSI readings also confirm the prevalent bullish trend and hint at further price increases as it shows no signs of retracement.
LOYAL’s Moving Average Convergence/Divergence (MACD) is above its signal line, confirming the bullish sentiment. Also, the Histogram bar for today is a long green bar showing the massive buy pressure in the market today.
It will likely continue on its positive path in the short term as the bulls show no signs of relenting yet.
Bulls Turn LOYAL’s Resistance Levels To Support
LOYAL is trading at $0.0002770. It found critical support at $0.000009544, a pivot point for its uptrend. LOYAL is above the $0.00005692 and $0.0001092 resistance levels, turning resistance to support.
It implies that the bulls are in control of its price, and it will likely attain higher price levels.
Note that crypto trading and any form of investment are risky and uncertain. Traders and investors must conduct proper risk analysis combined with technical and fundamental analysis before trading.
What Could Be Behind LOYALTY’s Recent Price Surge?
Loyalty Labs has over 13.1 thousand Twitter followers despite the account being launched just two months ago.
It implies that the project has a massive following of investors, who may be behind the price surge.
Loyalty Labs Alternative: Launchpad (LPX)
Launchpad XYZ is a smart analytics platform backed by AI technology offering traders assistance based on blockchain and Web-3. It promotes the principles of independence and decentralization for its users.
Launchpad XYZ provides innovative companies with a platform to raise capital and launch their tokens. Launchpad XYZ is the platform’s utility token giving users access to its full features and benefits.
LPX presale is at the $1.16 million milestone, a testament to massive investor interest in the project.
Launchpad XYZ offers its users access to some fantastic features. Here is a summary of its top benefits,
This feature helps traders make well-informed trading decisions backed by historical data. It provides access to news feeds, market insights, and experienced trade setups from professional traders. This feature helps traders increase their profitability.
Top-Notch Trading Terminal
Launchpad trading terminal feature helps users execute trades at favorable periods. Launchpad also has plans to enlist top DEX liquidity partners for a well-rounded trading experience.
This terminal enables traders to automate trades and conduct transactions during busy periods.
Launchpad’s LPX Presale
LPX has ten presale stages, according to the roadmap. Each stage offers 25 million LPX tokens to investors. Early investors benefit most owing to a price increase at every new presale round.
Launchpad’s presale is in stage 5, and 1 LPX is worth $0.045. The subsequent price increase will move the token to $0.046, with the official listing cost set at $0.0565.
How to Buy
Users can purchase LPX tokens by following these simple steps:
- Visit Launchpad XYZ’s main website.
- Choose your base cryptocurrency to exchange for LPX tokens: ETH or USDT (Tether) are the available options.
- You can purchase USDT or ETH on any reliable crypto exchange like eToro.
- Create an account, complete your verification, and deposit money into the exchange account.
- Also, create a digital wallet that offers Wallet Connect and is secure, like MetaMask or Trust Wallet.
- Connect your crypto wallet to the LPX presale platform with Wallet Connect or MetaMask.
- Confirm and complete your transaction and wait for the presale phase to end.
- Your LPX token remains in your connected wallet during this time.
- Follow all Launchpad XYZ’s instructions after the presales to obtain LPX tokens.
LPX presales are one of the most exciting events in the crypto space in 2023. Since it is a token backed by AI technology, a trending niche, it will likely enjoy success when it lists on exchanges.
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