LOVELY Finance price jumps 35% after WazirX launches Lovely Inu deposits – another dump ahead?

Key Takeaways:

• LOVELY coin price jumped 35% but partially pared its gains.
• Technicals doesn’t suggest a bullish continuation.
• Launch of Lovely Inu deposits on WazirX triggered the rally.

YEREVAN (CoinChapter.com) – 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. 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. However, 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.

Notably, Lovely Inu scored its Bitget listing on Aug 1. The exchange categorized the coin into its ‘Innovation Zone‘ and ‘Meme Zone.’ Bitget noted that the LOVELY coin’s listing would also involve a 60-day valuation period. If the token fails to meet certain criteria, Bitget reserves the right to delist it. 

Lovely Inu listing on WazirX could increase the coin’s regional exposure. However, it is not clear how much liquidity the exchange could produce. As of Aug 4, the Lovely Inu Finance price faces bearish prospects unless the bulls double down.

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