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Everipedia IQ has seen some risky value actions just lately after an extended interval of consolidation. Within the final 24 hours, IQ’s value has shot up as consumers swarmed the market, hoping to not miss out on the rally.
IQ has outperformed the highest ten largest cryptocurrencies by market capitalization. The broader crypto market is boring right this moment regardless of the US Federal Reserve pausing rate of interest hikes.
The latest positive factors by IQ could possibly be attributed to Binance including a USDT pair for the token.
Binance will probably be including an $IQ / $USDT buying and selling pair to switch the earlier BUSD pair! #Binance
USDT Tether is the biggest and most liquid stablecoin.https://t.co/r1DmvnI6k4
— IQ.wiki (@IQWIKI) September 21, 2023
The brand new IQ/USDT buying and selling pair will enhance the challenge’s liquidity, permitting it to develop quickly.
IQ could possibly be set for a gentle uptrend with extra liquidity as buying and selling volumes enhance. Within the final 24 hours, IQ has reported buying and selling volumes of $759K, in line with DexTools.io.
Can IQ Method $0.1 Mark Quickly?
On the time of writing, IQ was buying and selling at $0.00486. Amid the latest uptrend, IQ shot as much as $0.00535 in an obvious liquidity seize earlier than a correction to the draw back. A rally in the direction of $0.1 will probably be confirmed if IQ breaks previous $0.00535.
IQ final broke previous these ranges in early August, with an upswing previous $0.00535 being a brand new month-to-month excessive.
IQ was rejected on the resistance of $0.00516 severally. Failure to interrupt these ranges seems to have triggered promote orders from revenue takers. The value is now holding help at $0.00486.
As soon as the bears push IQ beneath this help stage, the worth will probably plunge towards $0.00462, and a bearish momentum will probably be confirmed.
Shopping for Strain Is Cooling Off
The symptoms level in the direction of a development reversal. IQ’s Relative Power Index at 54 reveals that the token is but to be overbought regardless of the latest rally. Nevertheless, the motion of the RSI line to the draw back reveals that sellers have entered the market, and the development might reverse.
The Shifting Common Convergence Divergence (MACD) line is on a bullish development. Nevertheless, just like the RSI line, the MACD line additionally reveals indicators of heading decrease. Its histogram bulls are a fading inexperienced, additional proving the analogy of an upcoming reversal.
Wall Road Memes Presale Ends In 4 Days With Extra Than $25M Raised
The Wall Road Memes presale is in its remaining stage after elevating greater than $25 million in lower than 4 months.
The presale ends on September 25, after which WSM will probably be listed on a number of Tier-1 exchanges two days after the presale ends.
Early buyers have solely round 4 days left to seize WSM tokens on the present value of $0.0337 earlier than the worth explodes after listings on exchanges.
Wall Road Memes boasts huge group help, having branched from the Wall Road Bets motion behind the GameStop saga.
The Wall Road Memes challenge boasts intelligent branding, among the many principal causes WSM has rapidly gained traction throughout the crypto business.
The challenge additionally includes a staking protocol the place WSM holders can lock up their tokens to safe annual yields of 56%. Over 362 million WSM tokens have been staked up to now.
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