NULS

Show

Momentum

strong bull

<p>NULS, a blockchain infrastructure project offering customizable services and a global open-source community, has witnessed an 80% price increase in the past 24 hours.</p>
<p>The native token, NULS, is currently trading at $0.6323, with a 24-hour low and high of $0.3595 and $0.7727, respectively. This remarkable performance has propelled NULS to the 534th spot among cryptocurrencies by market capitalization, which now stands at $66.9 million.</p>
<h2 class="wp-block-heading" id="nuls-bitcoin-layer-2-module-scaling-the-bitcoin-network">NULS Bitcoin Layer 2 Module: Scaling the Bitcoin Network</h2>
<p>One of the key factors driving NULS’ recent price surge is the <a href="https://twitter.com/Nuls/status/1770028349626429564" target="_blank" rel="noopener noreferrer nofollow">announcement</a> of the development of the NULS Bitcoin Layer 2 module within the NULS ChainBox.</p>
<p>This module aims to scale the Bitcoin network, aligning with NULS’ long-standing principles of building a modular blockchain ecosystem since 2017. The project’s focus on micro-services, smart contracts, and cross-chain technologies, combined with ChainBox’s ability to quickly build chains, reduces development costs and accelerates the landing of blockchain business applications.</p>
<h2 class="wp-block-heading" id="technical-analysis-breakout-and-bullish-momentum">Technical Analysis: Breakout and Bullish Momentum</h2>
<p>According to our analysis, NULS recently broke out of an ascending channel at the $0.4836 level, propelling its price to the $0.7 range. This breakout signifies strong bullish momentum and suggests that the token may have further room for growth.</p>
<p>The 200-day moving average (MA) for NULS currently stands at $0.2357. When a token trades above its 200-day MA, it is generally considered a bullish sign, indicating that the long-term trend is positive. NULS’ current price of $0.6323 is significantly higher than its 200-day MA, suggesting that the token is in a strong uptrend.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1012" height="1024" src="https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-1012x1024.png" alt="" class="wp-image-455469" srcset="https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-1012x1024.png 1012w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-297x300.png 297w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-768x777.png 768w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-1518x1536.png 1518w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-2024x2048.png 2024w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-148x150.png 148w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-100x101.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-346x350.png 346w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829-788x797.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/03/image-829.png 1193w" sizes="(max-width: 1012px) 100vw, 1012px">
</figure>
<p>The daily chart Relative Strength Index (RSI) for NULS is currently at 82.5. An RSI above 70 typically indicates that the token is overbought and may be due for a correction. However, in strong bull markets, tokens can remain overbought for extended periods. While the high RSI suggests that NULS may experience a short-term pullback, the overall trend remains bullish.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   Explosion in Meme Coin Market; How to find potential successors to $WIF, $PEPE, and $BONK? <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f92b.png" alt="🤫" class="wp-smiley" style="height: 1em; max-height: 1em;">
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p>The key? Getting in early, especially during the <strong>ICO phase</strong>. Check out <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>NuggetRush</strong></a> today! This new memecoin combines play-to-earn gaming with authentic gold mining ventures. <a href="https://captainaltcoin.com/go/ll_inside/" target="_blank" rel="noopener noreferrer nofollow"><strong>Seize the opportunity</strong></a> with ongoing presale prices! Plus, prepare for $NUGX’s upcoming launch on major exchanges.</p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<h2 class="wp-block-heading" id="potential-for-further-growth-and-price-targets">Potential for Further Growth and Price Targets</h2>
<p>Trader JAVON MARKS <a href="https://twitter.com/JavonTM1/status/1769830221207810340" target="_blank" rel="noopener noreferrer nofollow">stated </a>that NULS’ prices are “GOING and CLIMBING HEAVILY,” with the token already experiencing a 144% move since his initial analysis. Marks suggests that NULS can potentially reach the $1.5058 target, implying an additional 99% upside from current levels.</p>
<p>As NULS continues to make progress in developing its Bitcoin Layer 2 module and strengthening its modular blockchain ecosystem, the token’s strong technical indicators and positive market sentiment suggest that further growth may be on the horizon. However, as with any cryptocurrency investment, it is essential to conduct thorough research and exercise caution in the face of market volatility.</p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/Copy-of-P2P-Review-17-qi3pqhl3pi3mlojv8nq0upz5rcb68rblc7kuvhcaou.png" width="500" alt="Check NuggetRush ($NUGX)" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-nuggetrush-nugx-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check NuggetRush ($NUGX)</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy NUGX Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Being in its <strong>ICO stage</strong>, NuggetRush offers a prime opportunity for early investors to get in at potentially lower prices <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>A unique <strong>play-to-earn</strong> gaming platform in the memecoin market <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>The platform combines artisanal and <strong>gold mining</strong> with cryptocurrencies in an unusual gaming context, offering a distinctive and immersive experience <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Fosters a strong <strong>community </strong>by encouraging physical meetups among members <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i><strong>NFT</strong> Integration with Prominent Characters
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/why-is-nuls-price-pumping/" rel="noopener noreferrer nofollow">Why is NULS Price pumping?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why is NULS Price pumping?

Table of Contents

CaptainAltcoin

Other articles published on Mar 19, 2024

Fidelity's Ethereum ETF Offering Gets Amendment

Solana’s Rise Sparks Debate Over FTX’s Liquidation Risks

The Real Agenda: Why Joe Biden Targets Crypto Now

Major Altcoins to Rally 2x Before May

BEFE Coin’s Price on the Verge of a Breakthrough – Here’s What’s Fueling the Surge

Is the Fall in Bitcoin the Last Buying Opportunity? Bernstein Analysts Commented on the Fall Befo...

Join our free newsletter for daily crypto updates!