The price of #LoomNetwork has surged 32% in the past day, approaching the weekly resistance level of $0.294.
The high-leverage traders are likely to give in on a move over the $0.3 to $0.32 range.
The $LOOM #cryptocurrency cryptocurrency on the Upbit market in South Korea is extremely overbought.
The Loom Network token (LOOM) is trending upwards and is a potentially profitable investment for traders employing the scalping strategy of rapidly purchasing and selling an asset for a profit. Traders who rely on LOOM's price fluctuations for making fast entry and exit trades should exercise increased vigilance because of the indicators of possible manipulation.
Increase in Loom Network's Cost
Over the past 24 hours, the price of Loom Network token (LOOM) on the binance market has increased by over 30%, and over the past 4 days, it has increased by over 50%. Even on the weekly timeframe, LOOM has not yet pulled back, recording new highs to the current level, where it tests the weekly resistance at $0.269. Longs are having a field day.
With an RSI of 93, LOOM token is extremely overbought; nevertheless, the upward momentum indicator suggests it may be too soon to sell. If buying pressure keeps building, the Loom Network price may break over the $0.30 and $0.320 resistance levels and test the $0.300 psychological barrier, where high-leverage traders are expected to fold.
The current price of Loom Network is resting on a level of local support at $0.168. This level was once a barrier but has since been converted to support. If the token is unable to push through the weekly barrier, it may drop to test the next support level at $0.096.

According to market data, LOOM tanked immensely following an unprecedented meteoric rally that saw Loom Network exceed record levels. 
Meanwhile, BorroeFinance ($ROE) continues to maintain its course towards a 300% milestone. At the same time, $NEO welcomes a new development to NeoChat. From these top crypto coins, investors are seeking the best cryptocurrency to invest in for primal gains.
But which of these assets is the best crypto to buy for stellar gains? Let’s find out!
Loom Network Dips More Than 39% Amid Exploit Assumption
Following an extended period of latency, Loom Network ($LOOM ) staged an astronomic 280.59% upside rally. Notably, LOOM ascended from $0.043 on September 18 to $0.343 on October 14. This Loom Network ($LOOM ) surge came amid a drawdown period for the crypto market.
Meanwhile, as the market began to engineer a mild comeback, the Loom Network bears started selling off, causing a drastic decline in the price of $LOOM . Between October 15 and October 18, Loom Network ($LOOM ) lost 59.58% of its market value. This loss saw Loom Network ($LOOM ) fall from $0.340 to $0.137.
Commenting on the situation surrounding Loom Network, 0x_Lens, a crypto analyst, opined that the uptick and rundown of LOOM was a result of price manipulation by exchanges. 
To back up his claim, he provided an overview of the Loom Network ($LOOM ) on the X platform. The data showed that a wallet holding 50% of the Loom Network ($LOOM ) total supply sold a large chunk of its holding.
As a result, analysts believe LOOM will decline further in the coming term, with the asset expected to breach the $0.100 threshold. This forecast indicates a potential 27% dip, effectively striking LOOM from the list of best cryptos to buy today.
BorroeFinance ($ROE) Gears Up For A 167% Upsurge
With Loom Network ($LOOM ) in a downward spiral, BorroeFinance ($ROE) has appeared on the scene to save the day. $ROE is opening a window for investors who lost funds to $LOOM ’s downfall to recover four times their capital. This possibility makes BorroeFinance ($ROE) the best cryptocurrency to invest in today.
BorroeFinance is a new DeFi project making waves in the crypto sector as a Polygon-based innovation seeking to reward users for their participation in the Web3 world. 
Specifically, BorroeFinance, with the help of its native token, $ROE, aims to create an opportunity for Web3 content creators to earn. BorroeFinance’s mission is centered around converting royalties, subscriptions, and invoices owned by content creators into cash.
BorroeFinance incorporated a risk assessment program empowered by AI technology to ensure that users are safe when they interact with the platform. Moreover, BlockAudit evaluated BorroeFinance ($ROE) and proclaimed it 100% secure. 
Hence, users have nothing to be worried about while using BorroeFinance or $ROE.
Currently, $ROE is in the second stage of its presale, trading at $0.015. At this price level, $ROE is primed to initiate a 167% surge to $0.040 at the end of the presale. This projection has placed BorroeFinance ($ROE) among the top DeFi projects to invest in for substantial gains.
NEO Transitions To ChatGPT 4.0 And Incorporates NeoNS Reverse Resolution Feature
On October 17, Neo announced via its official webpage that it has launched a new feature on NeoChat. NeoChat is a messaging application built with an end-to-end encryption tool on the Neo network to foster social interaction within Web3. This new feature introduced ChatGPT 4 solutions to NeoChat.
On top of the integration of ChatGPT, the NEO team also updates NeoNS with a reverse resolution feature. Through the reverse resolution feature, users will see a NeoNS name on the public wallet address instead of the usual collection of alphanumeric characters. This feature is meant to make interactions between users feel more personalized.
As noted on the chart, $NEO had an opposite response to this development. Notably, $NEO fell from $7.06 to $6.90, marking a 2.27% decrease in the price of $NEO. Also, the past few weeks have been less encouraging on $NEO.
This negative outlook on $NEO can be attributed to the downturn circumstance plaguing the general market. As of now, $NEO is heading lower at a market price of $6.81, with analysts forecasting the asset to reach $6.50. This prospective 4.5% descent is proof that $NEO isn’t a good crypto to invest in today.
⚠️Disclaimer:
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#LoomNetwork #LOOM $LOOM

Post By: CryptosHeadlines.com

Loom Network, which saw a significant surge a few weeks ago, has continued to perform exceptionally well. It has recorded a 100% increase in the past week and nearly 1000% from its September lows. Despite the strong bullish trend, there are growing concerns about a potential downward correction, suggesting that the bull run might be coming to an end.Loom Network (LOOM) has unexpectedly become the top gainer, drawing substantial interest from investors. The trading volume has skyrocketed from approximately $200 million to over a billion, indicating a significant influx of buyers. This surge in demand has been a major factor driving its explosive growth.
However, after this rapid growth, there is now a possibility of a price pullback. The LOOM price seems to have formed a bearish pattern, which, combined with signs of a tired bull market, suggests a potential reversal in the near future.
Recently, Loom Network announced a significant partnership with Atlassian, a global leader in team collaboration software. This news had a substantial impact on the market. The partnership involves Atlassian acquiring LOOM for a remarkable $975 million, sparking optimism among investors about the token’s future.
This development led to a remarkable surge of over 1000% in the past month, elevating the market cap from under $50 million to over a billion. Given this substantial growth, investors may be wondering if it’s a good time to buy LOOM.

“Loom Network (LOOM) Shows Strong Bullish Trend, Targeting $1 by End of 2023”
The price of LOOM has been on a powerful upward trend, with the supertrend indicator favoring a bullish outlook for the long term. There is a noticeable lower support level, making a significant price retracement less likely, barring any major bearish events. Although minor pullbacks are possible, the substantial increase in market capitalization has strengthened the token, keeping the bulls in control.
However, recent rejections at the $0.5 level suggest some bearish activity, as profit-taking becomes more prominent. The current market sentiment appears to favor further price gains for LOOM, with the potential to reach $1 before the end of 2023. A significant weakening of the bullish trend would be required to shift this outlook.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

#CryptoMarket #Bitcoin #CryptoNews #LoomNetwork #LOOM