LayerZero (ZRO) and FLOKI (FLOKI) Exhibit Bullish Momentum Amid Sluggish Altcoin Market

The altcoin market turns sluggish as the Bitcoin price drops. Contradicting the sluggish altcoin momentums, LayerZero (ZRO) and FLOKI exhibit gains in the present bull run.

The altcoin market is showing signs of slowing down as the price of Bitcoin drops. However, some altcoins are still managing to eke out gains in this present bull run. Two such coins are LayerZero (ZRO) and FLOKI, both of which are showing steady gains.

LayerZero (ZRO) has been exhibiting a bullish run since the 29th of June. The token has shown a massive surge amid this bullish takeover. After passing the $3 mark, LayerZero’s (ZRO) value is up by 50%. The price is expected to increase further, viewing the bullish breakout pattern which forms a morning star pattern at the broken neckline around $3.

The current price of LayerZero (ZRO) is $4.13, with an intraday gain of 8.29%. This gain is creating a fourth positive bullish candle in the daily chart. Hence, LayerZero (ZRO) shows immense underlying potential with the trend reversal and breakout rally.

Technical indicators reflect positive future movements as the MACD and signal lines show a constant surge in demand. Hence, the momentum teasers an uptrend continuation in the altcoin. Some experts anticipate LayerZero (ZRO) may hit the $10 milestone in the coming months.

On the other hand, FLOKI also seems to be just around a bullish run. The coin has been showing strong buying pressure from the 200D EMA. Starting an accumulation phase above the dynamic support, the meme coin remains dominant above the $0.00015 mark.

With an intraday gain of 4.62%, the FLOKI price is currently trading at $0.000177, resulting in a bullish candle. Thus, this increases the odds of a breakout during the accumulation phase and signals a new bull run.

Technical analysis reveals that the MACD and signal lines are merging below the zero line teasing a bullish crossover. With bullish histograms resurfacing, the momentum indicator bolsters the bull run in the FLOKI price.

Analysts say that this week’s bullish reversal could see a rise to the $0.00026 level, beginning with the breakout of the accumulation range. In addition, the reversal will initiate the formation of a double-bottom pattern, which may cause a price spike to $0.00035.

As per the trend-based Fibonacci levels, if the uptrend in the meme coin sustains, then a jump to the $0.0005650 mark or the 1.618 Fibonacci level is possible. However, a bullish failure can result in a downfall under $0.00015. According to trend-based Fibonacci levels, a jump to the $0.0005650 mark or the 1.618 Fibonacci level is feasible if the meme coin’s uptrend continues.

Moving ahead of LayerZero (ZRO) and FLOKI, the emerging trading platform is poised for explosive gains. DTX Exchange has applied a unique trading methodology in the present bull run. The platform is emerging as the ultimate trading solution in the crypto space.

The platform’s presale has already begun with a bang, as the completion of 34% of its presale’s second stage has seen an impressive $818,000 raised. DTX token is creating history for $0.04 with an ROI of up to 100x.

The platform’s ability to provide access to over 120,000 assets across Crypto, Stocks & Bonds, Forex, and Commodities has been winning the hearts of various investors. DTX’s community-centric approach has made the promising catch of this bull run.

The 1000x feature, non-custodial wallets, distributed liquidity pools, and VulcanX update, all are a testament to its trader-friendly approach.

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