The crypto markets registered an impressive turnaround as bullish sentiment returned after a substantial decline last week over the weekend. As a result, Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and popular meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) registered notable increases.
The market recovery comes at a crucial time, with the Husky Inu (HINU) presale nearing its next milestone. The presale has been going strong despite a market downturn that saw prices drop to weekly and even monthly lows. The Husky Inu presale has raised over $736,000 so far.
State Of The Market
The crypto market was in the doldrums for most of last week and the weekend. However, the current week has started on a promising note, with major tokens registering a substantial recovery.
Bitcoin (BTC) Looks To Reclaim $85,000
Bitcoin (BTC) has lost key levels since dropping below $100,000. The price registered another substantial decline on Friday, falling over 3%, slipping below $85,000 and the 200-day SMA and settling at $84,822. Sellers retained control on Saturday as the price dropped over 2%, falling below the 20-day SMA and settling at $82,704. Price action remained bearish on Sunday as BTC registered a marginal decline and settled at $82,404. BTC started the week facing volatility as buyers and sellers struggled to establish control. Buyers ultimately gained the upper hand, as BTC registered a marginal increase and settled at $82,511. The current session sees BTC up over 1% as it looks to move back above the 20-day SMA and reclaim $85,000.
Ethereum (ETH) Struggles To Build Momentum
Ethereum (ETH) slipped below a crucial level on Friday when it fell below $2,000. The world’s second-largest cryptocurrency registered a substantial decline, slipping below $2,000 and the 20-day SMA to $1,897. Price action remained bearish over the weekend as ETH dropped almost 4% on Saturday and 1.15% on Sunday to settle at $1,807. However, despite the bearish sentiment, ETH started the current week positively, registering an increase of almost 1% and settling at $1,822. The current session sees ETH up over 2% and trading at $1,866 as buyers look to build momentum and push towards $2,000.
Dogecoin (DOGE) Price Action
Dogecoin (DOGE) turned bearish on Thursday after failing to consolidate and settle over $0.20. As a result, the price dropped 1.95% to $0.191. Sellers retained control on Friday as DOGE dropped over 5% to $0.180. Bearish sentiment intensified on Saturday as DOGE dropped 6.31%, slipping below the 20-day SMA and settling at $0.169. Price action remained bearish on Sunday as the popular meme coin dropped 1.12% to $0.167. DOGE started the current week facing considerable volatility as buyers and sellers struggled to establish control. DOGE ultimately registered a marginal decline and settled at $0.166. The current session sees DOGE up over 2% and trading at $0.170.
Husky Inu (HINU) Closing In On Next Milestone
Husky Inu (HIBU) is inching toward yet another presale milestone as it nears the $750,000 mark. The presale has raised over $736,000 so far and remains on track to meet its presale target of $1.2 million. The project is working on an array of features, including an Earn App and a decentralized exchange. The Earn App will reward users for interacting with the project and completing simple tasks, while the decentralized exchange will facilitate trading and improve utility and value for HINU token holders.
Join The Husky Inu Presale!
If you want to join the Husky Inu (HINU) presale and support the next big meme coin, all you need to do is follow the steps listed below.
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Connect a Wallet – Connect your wallet using the available options. If you encounter an issue, contact Husky Inu’s official Telegram channel.
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Select Network – You can join the HINU presale on the Solana blockchain and purchase the token using the native currency or with BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT on Ethereum and Tron chains.
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Buy Tokens – Next, specify the amount of BTC, ETH, BNB, LTC, DOGE, TRX, DASH, BCH, or USDT you wish to trade for HINU and approve the transaction to purchase the token.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.