The first week of August has kicked with a slowdown in the global cryptocurrency market activation. In the last seven days, the total market capitalization has been immersed by more than 5%, which reflects a more captionia investment in addition to recorded trading mentum and a more captionias investment.
Despite the broad market cold, Nigeria’s retail crypto community continues to show dynamic interest. The top three trending cryptocurrencies in the area based on online engagement in the last 24 hours:
Layer -1 (L1) Coin Core has emerged as one of the trending altcoin in Nigeria today. At the press time, the token trades at $ 0.46, indicating a 3% decline in the last 24 hours.
Given this period, the trading volume of the core has declined by more than 5%, indicating a tendency to demand market participation and a weave.
When the price and trading volumes fall together, it indicates loss of speed from the market participants. This trend suggests that investors can ignore the core due to lack of unwanted market or lack of confidence in their short -term profit.
The core/USD from the One-Day chart shows the asset struggling bill at a major resistance level $ 0.47. If selling to the President, the core may fall less and fall at $ 0.33 towards its next major support floor.
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However, if the new purchase interest resurrection, the token can retrieve the upward speed and push towards $ 0.55, then the current resistance may be inflated in support.
Treasure (magic)
Artificial Intelligence-based token Magic is today another ultachoine trending among Nigerian traders. Unlike many other altcoins caught in the current market recession, Magic has promoted a wide dowtrand to post 26% price increase in the last 24 hours. On time, the token trades at $ 0.18.
Price chart reading suggests that the rally rally is the positive balance of power (BOP) of Magic, which currently sits at 0.34, confirms it.
The BOP indicator measures the relative strength to buy pressure sales pressure in the market. When the BOP occurs in a positive area during a Rali, it suggests significant rapid practice, reverse of a healthier.
If this rapid protection person, Magic can manufacture his current mortem and Rali Tword $ 0.21, which makes the final touch in early July.
However, if the advantage kicks, Altcoin may face a reversal, with the price, the price with the price is retreated to the low support level around $ 0.14.
The top meme coin dog is one of the trending ultachoins in Nigeria today. Since it on the high cycle of $ 0.28 on 21 July, the token has lost 10% of its value. Mem coin press trades at $ 0.19 on time, which is 5% below the previous day.
On the daily chart, the relative power index of the token falls continuously selling the President. As this writing, the speed indicator is at 40.64 and is declining.
The RSI indicator measures overbott and oversold market conditions of a property. When 41.10 more falls, Dogi’s RSI suggests that AltCoin features reduce the presses from investors and reduce the risk, and higher prices decline as life declines.
If someone is Degh, a deeper price can see improvement, which can cost its value below $ 0.17.
However, Dogi can upside down his downtrend and climb towards $ 0.23 if re -achieving the bull.
In the first week of August, trending post Top 3 Altcoins appeared in Nigeria for the first time on Beincrypto.