This week has seen an increase in commercial activity throughout the digital asset market, with Crypto’s global market capitalization rising 3% in the last seven days.
The impulse has spread to local markets, where several tokens have captured attention among Nigerian merchants. The data in the chain of the last 24 hours show Portal to Bitcoin (PTB), Crepe and Pepe as the three cryptocurrencies that extract the greatest visibility of that region.
Bitcoin portal (PTB)
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Portal To Bitcoin launched its netnet on September 3, and the value of its native token ptb has been shot since then. When quoting at $ 0.0534 at the time of publication, Altcoin has increased almost 25% in the last seven days.
PTB has registered 27% of intradic earnings in the middle of the broader market rally today. However, the Altcoin seems ready for a setback, since its volume of shock negotiation indicates an increase in gain taking. This currently totals $ 122 million, falling by 32% in the last 24 hours.
When the price of an asset increases while the negotiation volume closes, it indicates that the ascending movement is losing impulse. The increase in prices with thinning volume suggests that fewer buyers are willing to intervene at higher levels, leaving the rally vulnerable to setbacks.
For PTB, this divergence between the price and volume implies that the recent intradic gain of 27% can be driven by short -term speculation instead of a sustained demand. If the profits continue to dominate, the Token could fight to hold on to their profits and face a possible backward decline.
In this scenario, its price could be submerged below $ 0.0476.
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On the other hand, if the bulls maintain domain and demand is strengthened, PTB could push above $ 0.0550.
CREPE
Crepe based on the BNB chain is another Altcoin trend in Nigeria today. When negotiating at $ 0.00001011, the Token has published modest profits of 3% in the last 24 hours.
The readings of their elderly ray index indicate that the feeling on the side of the purchase is strong. The elderly rays index measures the balance between the bullish and bassist pressure when analyzing the difference between the exponential mobile (EMA) average of an asset and the strength of bulls or bears in the market.
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A positive reading, such as the current 0.000002205 of Crepe, points out that buyers have control, which suggests a short -term rise impulse. This means that merchants are actively supporting and raising their highest price.
If the purchase activity remains high, Crepe could try a break above the resistance level of $ 0.00001167.
However, if the profits intensifies, the Token runs the risk of losing its current profits and could visit $ 0.000005500 again.
Pepe
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The meme coins of coins based in Solana with frog theme is another alternative trend in Nigeria today. It currently trades at $ 0.00001060, keeping 20 days exponential (EMA) on the daily table.
The 20 -day EMA tracks the average closing price of an asset in the last 20 negotiation sessions, with a greater weight given to the most recent prices. When an asset quotes above this indicator, he points out that the bullish impulse is intact and that the market trend favors buyers.
If the purchase pressure remains high, Pepe could violate the resistance to $ 0.00001070 and potentially shoot towards the next key level at $ 0.00001269.
On the other hand, if the demand weakens and increases the profits, the price of the token could decrease towards $ 0.00000830.
