Despite the initial upward momentum, EGLD has since retraced to just above the Fibonacci 0.5 level.
As of writing, EGLD is priced at $43.93, reflecting a modest gain of 5.73% so far today.
The 20-day EMA stands at $40.97, while the 50-day EMA is at $41.80, and the 100-day EMA is at $42.71.
These EMAs suggest that EGLD is currently trading above its short-term and medium-term averages, indicating bullish momentum.
The RSI currently reads 59.98, up from yesterday’s 52.31, suggesting that buying pressure is increasing and the asset is approaching overbought territory.
The MACD histogram, which measures momentum, has risen to 0.20 from yesterday’s -0.09, signaling a shift in momentum in favor of the bulls.
In terms of resistance levels, EGLD faces immediate resistance at the Fibonacci 0.382 level at $45.96, followed by a more formidable resistance zone at the Fibonacci 0.236 level at $49.19, which coincides with the horizontal resistance area of $48.98 to $49.93.
On the support side, the immediate potential support level is the Fibonacci 0.5 at $43.35, which could provide a cushion for EGLD in the event of a pullback.
EGLD’s technical indicators suggest bullish momentum, supported by a rising RSI, a positive MACD histogram, and increased trading volume.
While EGLD faces resistance levels ahead, the current indicators point to the possibility of further upward movement.
Love Hate Inu is capturing attention as well with its blend of meme coin appeal and practical utility.
The project, which integrates a blockchain-backed voting mechanism to reward participants, has garnered a notable $7.8 million in its presale phase.
<oembed url="https://twitter.com/LoveHateInu/status/1651590866098634752[/embed]Love Hate Inu (LHINU) has swiftly gained traction, amassing $7.8 million through its inventive vote-2-earn platform.
The platform merges meme coin tokenomics with blockchain-powered voting, leading to a unique approach to doing surveys.
Central to LHINU’s success is the Vote 2 Earn method, which leverages social media virality by involving online communities in spirited debates on a range of topics.
Users of the platform will be granted access to a system that compensates them for expressing opinions on subjects spanning politics, entertainment, social matters, and finance.
The use of blockchain technology ensures vote results are tamper-proof, providing a transparent and secure experience.
The project’s potential to disrupt the $3.2 billion online survey industry has piqued the interest of backers.
Carl Dawkins, CEO of Love Hate Inu and advisor to the UK All Party Parliamentary Group on Crypto and Digital Assets, expressed confidence in the LHINU token presale exceeding its $10 million hard cap.
Dawkins also cautioned against copycat projects and urged due diligence before investing.
The Love Hate Inu platform encompasses key features, including a user interface for wallet connectivity and real-time vote tracking, a Vote Submission Platform for poll proposals, and a Management Dashboard for monitoring voting.
The LHINU token is central to the project, unlocking vote-to-earn mechanics.
To partake in polls, users must stake LHINU for a minimum of 30 days, preventing spam and vote manipulation.
The ecosystem incentivizes participation, with greater rewards for higher stakes. The first Love Hate Inu poll offers a chance to win $10,000 for participants.
Brands can also initiate polls, rewarding participants with digital and non-digital goods.
Love Hate Inu incorporates non-fungible token (NFT) technology and has a deflationary supply of 100 billion tokens, with 90% offered in presale.
With fundraising progressing swiftly, time is limited to acquire LHINU at its lowest prices.
The token is currently priced at $0.000135, and it will rise to $0.000145 in the final presale stage.
Purchases can be made using ETH or USDT, and there is no vesting period for the token.
With only $370,000 left to raise in Stage 7, now is the moment to acquire one of the best cryptos to buy now.
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Conflux (CFX) After bouncing off a key support level at $0.2732 on April 23, CFX has been on a steady upward trajectory, marking its fourth consecutive green candle.
The token has successfully reclaimed the Fibonacci 0.5 level at $0.3101, indicating a potential continuation of the bullish trend.
The 20-day EMA is currently at $0.3361, which is above both the 50-day EMA at $0.3193 and the 100-day EMA at $0.2569.
This alignment of EMAs suggests that the short-term momentum is favoring the bulls, and the token could be poised for further gains.
The RSI has also shown a positive shift, moving from yesterday’s 45.97 to 49.20 today.
Although the RSI is still below the 50 level, which is considered neutral, the upward movement indicates that buying pressure is gradually increasing.
Traders should keep an eye on the RSI as a break above 50 could signal a stronger bullish momentum.
The MACD histogram provides additional confirmation of the bullish trend.
The MACD Histogram value has improved from yesterday’s -0.0081 to -0.0050 today, indicating a reduction in bearish momentum.
As the histogram approaches the zero line, traders should watch for a potential bullish crossover, which would serve as a strong buy signal.
CFX is currently trading at $0.3345, with a gain of 4.56% so far today.
The immediate resistance level to watch is the Fibonacci 0.618 level at $0.3520. A break above this resistance could open the door for further upside, with the next target being the 20-day EMA at $0.3361.
On the downside, the immediate support is the Fib 0.5 level at $0.3101.
However, if this support is breached, traders should look for the next established support at the Fib 0.382 level at $0.2682.
This level is in confluence with the previous support area ranging from $0.2618 to $0.2733, providing a strong defense against potential bearish pressure.
ecoterra’s Recycle2Earn: Incentivizing Sustainability and Carbon Offset with Crypto The quest for sustainable solutions to combat climate change has garnered global attention, with diverse stakeholders, including governments, individuals, and businesses, joining forces.
The cryptocurrency space is no exception, as it embraces and contributes to eco-friendly initiatives.
<oembed url="https://twitter.com/ecoterraio/status/1651617377761517569[/embed]Among the plethora of green cryptocurrency projects, ecoterra has distinguished itself.
The carbon credits market, which is anticipated to reach a valuation of $50 billion by 2030, according to a McKinsey report , presents a promising outlook for projects like ecoterra.
The 2021 McKinsey report sheds light on the carbon credits industry’s potential to transform corporate and organizational approaches to climate change.
While many entities strive to minimize or eradicate emissions, carbon credits offer a viable means to address residual emissions.
These credits symbolize considerable volumes of greenhouse gases that have either been averted or extracted from the atmosphere.
The voluntary carbon credits market has witnessed a surge in demand, necessitating a larger, transparent, verifiable, and environmentally sound carbon market.
The existing intricate and segmented market must evolve into a more inclusive model.
ecoterra, among other initiatives, may offer solutions to the challenges ahead.
ecoterra leverages Web3 technology to promote and reward eco-friendly practices such as recycling and tree planting.
The Recycle 2 Earn app, ecoterra, aims to incentivize users with cryptocurrency for recycling waste.
The platform encompasses recycling, a recycling marketplace, education, and a carbon-offsetting marketplace.
ecoterra’s presale phase has successfully raised over $2.5 million, with 50% of the ECOTERRA tokens, approximately 1 billion, allocated for presale.
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Cardano (ADA) Cardano (ADA) has been exhibiting a strong bullish momentum in the past 24 hours, as the cryptocurrency continues to build on its recent gains.
After consolidating from April 21 to April 26 above the Fibonacci 0.5 level at $0.3799, ADA experienced a breakout from the Fibonacci 0.382 level at $0.3993 yesterday amid increased market volatility.
This bullish momentum was carried forward into today’s trading session, with ADA currently up by 2.62% so far today.
Notably, the cryptocurrency retested the resistance area of $0.4187 to $0.4213, registering an intraday high of $0.4186.
Examining the technical indicators, the 20-day EMA is currently at $0.4021, which is above both the 50-day EMA at $0.3882 and the 100-day EMA at $0.3756.
The fact that the 20-day EMA is above the longer-term EMAs further indicates that the bulls are in control of the market.
The RSI is currently at 54.70, up from yesterday’s 51.25. This indicates that buying pressure is increasing, and ADA is gaining bullish momentum.
The MACD histogram is currently at -0.0038, up from yesterday’s -0.0053.
Although the MACD histogram is still in negative territory, the upward movement indicates that bearish momentum is weakening, and a bullish crossover could be imminent.
The trading volume for ADA, according to CoinMarketCap , stands at $418,334,657 in the past 24 hours, representing a decrease of 9.73% so far today.
Despite the decrease in volume, the positive price movement suggests that the bulls are still in control.
At the time of writing, ADA is trading at $0.4120, with an immediate resistance area between $0.4187 and $0.4213.
This resistance area is in confluence with the Fibonacci 0.236 level at $0.4233, which could pose a challenge for the bulls.
A successful break above this resistance area could signal a continuation of the bullish trend, potentially targeting higher price levels.
On the downside, immediate support is found at the Fibonacci 0.382 level at $0.3993. This level has previously acted as strong support, and a break below it could lead to a short-term bearish reversal.
DeeLance: Empowering Freelancers with Decentralization, NFTs, and the Metaverse The freelancing industry is witnessing rapid expansion, with independent contractors constituting approximately 38% of the global workforce.
Organizations are increasingly engaging freelancers for their agility, cost-effectiveness, and flexible delivery schedules.
<oembed url="https://twitter.com/deelance_com/status/1651545475810467840[/embed]DeeLance, a Web3-based freelancing platform, seeks to address the limitations of traditional hiring platforms, such as high fees, intellectual property concerns, and delayed payments.
DeeLance’s blockchain-based platform aspires to enhance the freelancing industry by fostering transparency, autonomy, and prompt execution.
The platform offers advantages such as reduced costs, prompt refunds, and fraud prevention.
DeeLance’s core principles include ownership, simplicity, transparency, and efficiency, achieved through competitive fees, swift payment processing, and a secure escrow system.
DeeLance’s multifaceted ecosystem, powered by Web3, employs smart contracts to ensure timely payments and task completion.
Work is represented as non-fungible tokens (NFTs) to establish intellectual property rights.
Additionally, DeeLance is developing the first freelancing-focused metaverse , where virtual interactions facilitate hiring and collaboration.
The platform’s native token, DLANCE, is gaining traction in its presale, with over $497,000 raised so far.
Investors can acquire DLANCE now at $0.029 and it will debut on exchanges at $0.053.
DeeLance’s presale presents an opportunity to partake in the transformation of the freelancing sector. DLANCE is one of the best cryptos to buy now.
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