• Lovely Inu coin price jumped 35% but partially pared its gains.
• Launch of Lovely Inu deposits on WazirX triggered the rally.
• Technical indicators suggest bearish prospects for Aug 5.
Lovely Inu Price Jumped 35%
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. Notably, the green candle followed a 70% price dump from July 25 to Aug 3. The high volatility resulted in a negative MACD oscillator and an ‘oversold’ relative strength index, which contributed to the latest Lovery Inu price uptrend.
Launch of Lovely Inu Deposits on WazirX Triggered Rally
The launch of Lovely Inu deposits on WazirX mainly triggered the bullish move. Lovely Inu deposits are live on WazirX. The 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 the top 3 trading volumes of LOVELY against Tether (USDT) stablecoin at 45%, 14,8%, and 10.4%, respectively. PancakeSwap closely follows suit, with 7.4% of the trading volume.
Lovely Exchange Legal Status From Panama Government
Lovely Inu scored its Bitget listing on Aug 1 and was categorized into its ‘Innovation Zone’ and ‘Meme Zone’ bythe exchange .Bitget noted that LOVELY coin’s listing would also involve a 60-day valuation period with right to delist it if criteria not met . Lovey Inus listingon Wazirx could increase regional exposure however , liquidity production remains unclear . Cryptocurrency platform lovely inufinance features lovely exchange which received legal status from panama government .
Technical Indicators Suggest Bearish Prospects For August 5
As of Aug 4 ,the lovelyinufinanceprice faces bearish prospects unless bulls double down . Notably negative MACD oscillator & oversold relative strength index contribute low chances for uptrend continuation .
Frequently Asked Questions
When will lovely inufinancelistonwazirx? The listing will take place on august5 ,according to exchanges announcement ,however deposits are open since august3 . Doeslovelyinucecosystem featurea DEX ? Cryptocurrency platformlovelyinufinancefeatureslovelyexchangewhich receivedlegalstatusfrompanamagovernment .Why is loveyinupricerisingtoday? Thecoinjumped35%onaug4butrecededinthefollowinghours .Asofpublicationuptrendstandsat15 %in24hourswithlittlebullishprospectsfroaugust5