UXLINK Price Plunges 7% As Investors Rush To Buy This Base Meme Coin Before Its DEX Launch Today
The UXLINK price plunged 7% in the last 24 hours to trade at $0.1914 as of 00:35 a.m. EST even as trading volume surged 91% to $34 million.
UXLINK Price Currently Bearish: Can The Bulls Regain Control?
On September 3, UXLINK price entered an uptrend, but the bears soon capitalized on a rounding top pattern, triggering a shift towards a bearish trend, as reported by GeckoTerminal .
Currently, the price of UXLINK has fallen below its 50-day Simple Moving Average (SMA) while still trading above the 200-day SMA, which suggests some lingering bullish pressure.
Additionally, the Relative Strength Index (RSI) has dropped to 38 and continues to decline, signaling increased selling pressure.
The Moving Average Convergence Divergence (MACD) is moving toward the neutral line, reflecting positive momentum.
However, the orange signal line remains above the blue MACD line, indicating a potential bearish continuation.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
CLANKER's market value exceeded 80 million US dollars, with a 24-hour increase of 24.46%.
Trader Makes $1,1M Betting on Ethereum to Fall
Engineer Who Lost Drive With 8000 Bitcoins Figures Out How To Find It
Russia is preparing to license crypto ATM operators