- Limewire price has reverted from the bottom mark of $0.3050.
- Yesterday’s trading session recorded a massive spike of over 35%.
- Buyers have begun accumulation and are looking to defeat the bear army.
The Limewire (LMWR) token price has sharply rebounded from the demand zone of $0.3000 and spiked over 35% in the last trading sessions. Moreover, a solid bullish marubozu candlestick was noted on the charts.
Meanwhile, the token has retested the 20-day EMA mark, and buyers are looking to surpass the primary hurdle of the $0.4500 mark. The token might stretch the rebound ahead if the bull army successfully holds the gains beyond the $0.4000 mark.
The LMWR token has been in a consistent downtrend for the past few weeks and has displayed lower low swings on the charts. After a month, the token has fetched the 20-day EMA mark and is trying to sustain itself above it.
At press time, the LMWR price traded at $0.4122 with an intraday surge of 34.36%, reflecting bullish momentum on the charts. It has a monthly return ratio of -46.90% and 436.20% yearly, reflecting a short-term downtrend.
The pair of LMWR/BTC is at 0.00000641 BTC, and the market cap is $271.46 Million. Analysts are neutral and suggest that the LMWR token price may stretch the pullback and might retest the $0.5000 mark soon.
Will Limewire (LMWR) Bulls Stretch Pullback Ahead?
Amidst the severe downtrend and sharp correction in the token price, buyers have managed to retain their strength and initiated a sharp rebound in the last trading session.
Following the sharp up move, the LMWR token is ready to gain traction and may deliver positive swings ahead.
Fueled by the sharp surge in the trading volume of over 105% to $11.90 million, the market cap rose by over 32% in the last 24 hours.
Source: Santiment
The Momentum Indicator (RSI) curve rebounded from the oversold region and spiked to the midline region, witnessing a positive divergence on the charts.
Similarly, the MACD indicator showed green bars on the histogram and delivered a bullish crossover.
Notably, the LMWR token was ranked at 204, has a total supply value of 679.71 million, and the volume to market cap is 0.0451.
Price Volatility Curve Skyrockets and Hints Speculative Move
The price volatility curve witnessed a massive vertical spike of over 540% to 0.15, revealing a sharp speculative move on the charts.
Source: Santiment
Its weighted sentiment index remained stable around the midline region, noted at the -0.443 mark, revealing neutrality.
Surge In Popularity
Following the smart price recovery, the social dominance value witnessed an impressive spike of over 33% to 0.088%, highlighting increased user engagement.
Source: Santiment
Similarly, the users have shown interest, and a remarkable surge in active address values of over 21% to 22% was noted.
The immediate support levels for the LMWR token are $0.3800 and $0.3500, whereas the key upside hurdle is around $0.4300, followed by $0.4800.
Can Buyers Emerge Dominant?
The Limewire token price has retested the 20-day EMA mark and is trying to stretch gains toward the 50-day EMA mark for a significant up move ahead. Moreover, a fresh bullish wave was triggered, and buyers are looking to gain dominance shortly.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.