• Lovely Inu coin price jumped 35% on Aug 4 and settled around 0.000000155 in the European hours.
• The rally was triggered by the launch of Lovely Inu deposits on WazirX, with exchanges Bitget, MEXC, Huobi, and PancakeSwap holding the top trading volumes of LOVELY against Tether (USDT) stablecoin.
• However, technicals suggest that the bullish move may not continue as the coin faces bearish prospects unless bulls double down.
Lovely Inu Price Rally
Lovely Inu 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.
Launch of Lovely Inu Deposits on WazirX
The India-based exchange announced that Lovely Inu deposits are live on WazirX and that its list 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 while PancakeSwap closely follows suit with 7.4% of trading volume.
Lovely Inu Listing on Bitget
Lovely Inu scored its listing on Bitget Exchange on Aug 1 which categorized it into its ‘Innovation Zone’ and ‘Meme Zone’ platforms with a 60-day valuation period before it can remain listed or face delisting if criteria are not met .
Increased Regional Exposure for Lovely Inu
Lovely Inu Finance listing on WazirX could increase regional exposure for the coin though it is not clear how much liquidity would be produced from this move .
Bearish Prospects For Lovely Inu Price
As of Aug 4 ,the Lovely Ino Finance price faces bearish prospects unless bulls double down .