- Luffy’s price has showcased lower low swings and anticipating a down move.
- RSI is at 41 and heading toward the oversold zone.
Luffy is an anime token. Luffy’s mission is to become the leader of meme and anime tokens. The LUFFY Token provides its users with a transparent and clear view of the token supply through the Luffy Burn Dashboard, which tracks the real-time burning of tokens. Luffy token showcased a rounding top formation and is taking support multiple times close to the demand zone of $0.00003300.
Luffy (LUFFY) crypto price is trading at $0.0000391 which has decreased by 6.80% in the last 24 hours. The circulating, maximum, and total supply of Luffy is 100B LUFFY and the fully diluted market capitalization is $4.11 billion.
The market capitalization of Luffy is $3.55 million and the volume is $0.33 million which has dropped by 16% in the last 24 hours.
Luffy Price Prediction Based on Technical Analysis
According to the data on January 13, 2024, the LUFFY coin price prediction sentiment is bearish with 21 technical indicators signaling a bearish signal while 6 signaling a bullish signal.
Based on the technical indicators, the Luffy price will perform negatively in the next few days. RSI is in the neutral zone and moving near the RSI-Based moving average.
Luffy Coin Price Technical Analysis on 1-Day Timeframe
Luffy price has been in a bearish trend and the price has failed to sustain the last swing high and sellers are strong enough to drag down the price below the 200-day moving average.
Luffy crypto price is falling because of facing rejection from the trendline. If the LUFFY price manages to surpass the trendline and sustains then buyers may dominate and a short-term bullish momentum can be seen.
But, if the buyers lift the LUFFY price over the $0.000100 hurdle, a strong buying signal can be created and long-term positive momentum is likely. On the other hand, if the LUFFY token price slips below the $0.0000350 mark, then a rapid downfall can be expected.
Luffy Coin Price Prediction FAQs
What is the Luffy token price prediction today?
The Luffy price will drop 6.8% to reach $0.0000391 by today.
What is the LUFFY price prediction tomorrow?
According to our analysis, the LUFFY price will fall 6.22% to reach $0.0000367 by tomorrow.
What is the current Luffy sentiment?
The current Luffy price sentiment is bearish according to our technical analysis.
Is it profitable to invest in Luffy Coin?
In the past 30 days, the LUFFY price has remained bullish for 14 days (47%). According to the historical price movement of LUFFY crypto, it is not profitable to invest in LUFFY for now.
Conclusion
LUFFY token persisted in forming lower lows and is facing a downward sloping trendline, delivering the down move. Moreover, the price action is bearish, and the Luffy token needs to surpass the 20-Day EMA for a rebound. On the contrary, if it slips below $0.00003900, it will drag further toward $0.00003600 soon. According to the analysis, the LUFFY coin price will remain bearish below the 200-Day moving average.
Technical levels
Resistance Levels: $0.0000600 & $0.0000800
Support Levels: $0.0000400 & $0.0000300
Disclaimer
Investing in cryptocurrencies and other Initial Coin Offerings (“ICOs”) is especially volatile and speculative, and this article does not advise investing in cryptocurrencies or other ICOs. Since everyone is unique, a certified professional should be continually consulted before making any economic decisions.