Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of SLP. The market capitalization of Smooth Love Potion can change significantly in a short period of time. Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish. 50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels.
The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 44.64, which indicates that the SLP market is in a neutral position. It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite.
Smooth Love Potion Price Prediction FAQ
A rising 50-day SMA indicates a positive SLP price trend in the medium term, while a dropping SMA indicates the opposite. CoinCodex tracks 42,000+ cryptocurrencies on 400+ exchanges, offering live prices, price predictions, and financial tools for crypto, stocks, and forex traders. Most traders use candlestick charts, as they provide more information than a simple line chart.
I tend to be lazy and just hold, but seemed like a good thing to look into. Anyway – the main point – why do I lose 15-25% trying to convert to USD or any stable coin? Smooth Love Potion’s 14-day RSI is at , indicating that is currently neutral. Smooth Love Potion (SLP) is a cryptocurrency token built on top of Solana platform. Learn about the magical world of cryptocurrencies with CoinMarketCap Alexandriа. Find out more on our deep dive on Axie Infinity, and how Axie Infinity compares to CryptoBlades, another popular Play2Earn game.
The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Smooth Love Potion 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that SLP has been trending downwards over the long term. The current Smooth Love Potion sentiment is bearish according to our technical analysis. The 200-day SMA is calculated by taking Smooth Love Potion’s closing prices in the last 200 days, adding them together, and dividing the total by 200. The 50-day SMA is calculated by adding together Smooth Love Potion’s closing prices in the last 50 days, and dividing the total by 50.
- Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the SLP price.
- The current Smooth Love Potion sentiment is bearish according to our technical analysis.
- The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data.
- However there is substantial interest in the Philippines for the SLP to PHP price and also in Australia for the SLP to AUD and Europe for the SLP to EUR prices.
- That’s because of how these tokens are burned whenever new Axies are bred.
- Just like with any other asset, the price action of Smooth Love Potion is driven by supply and demand.
Smooth Love Potion Technical Analysis
- However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Smooth Love Potion or not.
- The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70).
- In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).
- As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first.
- Smooth Love Potion (SLP) is a cryptocurrency token built on top of Solana platform.
An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued. In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.
In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA). Just like with any other asset, the price action of Smooth Love Potion is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates.
Lend Liquidity to Earn Smooth Love Potion
All of this means that you may have a little difficulty purchasing SLP directly with fiat. As a result, you may need to convert your dollars, pounds or euros into a mainstream cryptocurrency such as Ethereum first.
Analysis was done on daily data, so all moving averages, RSI, etc.., were calculated on a daily Smooth Love Potion price chart. To see more analysis and outlook, please check the Smooth Love Potion price prediction page. Many cryptocurrency traders pay close attention to the markets when the current Smooth Love Potion price crosses an important moving average like the 200-day SMA. The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Smooth Love Potion investors’ sentiment, and is based primarily on Bitcoin-related market data.
Nonetheless, at the time of writing the circulating supply of SLP was in the tens of millions — and this ERC-20 token does not have a hard cap. Smooth Love Potion (SLP) tokens are earned by playing the Axie Infinity game. Smooth Love Potion produces its own wallet software that is available for download on its website, which allows you to store Smooth Love Potion on your computer. Wondering if someone can ‘explain to me like I’m five’ why there is such a price difference in conversions with Slp. Not looking to cash out yet, but got curious after 4 years how I’d go about it if I were to take some profits and hold for a buy back during a potential price drop.
Based on multiple technical quantitative indicators, the current forecast for Smooth Love Potion in 2025 is bearish. This could be an indication that Smooth Love Potion is a bad buy in 2025. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Smooth Love Potion or not.
Smooth Love Potion Price
As we mentioned, the Binance Innovation Zone has unveiled support for the Pokémon-inspired game. If the number of Axie Infinity players increase substantially, this could result in much higher levels of SLP entering into the ecosystem as more competitions are slp coin forum won and lost. When it comes to tokenomics, the number of SLP in circulation is rather fluid. That’s because of how these tokens are burned whenever new Axies are bred.
Moving averages are among the most popular Smooth Love Potion price prediction tools. As the name suggests, a moving average provides the average closing price for SLP over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for SLP is a sum of SLP’s closing prices over the last 12 days which is then divided by 12. Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity.
Smooth Love Potion Key Price Levels
As of Jun 24, Smooth Love Potion has a market capitalization of $52.7 Million and is ranked #414 among all cryptocurrencies. This calculation is based on the circulating supply of Smooth Love Potion. When trying to make a Smooth Love Potion forecast, many traders also try to monitor the activity of SLP “whales”, which are entities and individuals that control large amounts of SLP. Since the Smooth Love Potion market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Smooth Love Potion’s price movements. X2,x10, etc. means if the price of Smooth Love Potion (SLP) will multiply by x2,x10, etc how much market cap it will have, and how it will compare then to the same coins.
If the SLP price moves above any of these averages, it is generally seen as a bullish sign for Smooth Love Potion. Conversely, a drop below an important moving average is usually a sign of weakness in the SLP market. The 50-day SMA indicates the average price of Smooth Love Potion over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time.