{"id":562254,"date":"2023-11-24T16:00:05","date_gmt":"2023-11-24T16:00:05","guid":{"rendered":"https:\/\/wncen.com\/?p=562254"},"modified":"2024-06-11T08:32:36","modified_gmt":"2024-06-11T08:32:36","slug":"looksrare-looks-10000-surge-5-2","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/looksrare-looks-10000-surge-5-2\/","title":{"rendered":"LooksRare\u2019s LOOKS Ready To Melt Faces: Analyst Predicts 10000% Surge Above $5.2"},"content":{"rendered":"

LooksRare<\/a> first burst into the scene as one of the first NFT marketplaces to carry a vampire attack on OpenSea<\/a> and it was rewarded heavily as its LOOKS token<\/a> enjoyed great success. Just like the rest of the crypto market, the LOOKS has since succumbed to the bearish headwinds, losing over 98% of its bull market highs. However, this might not continue for long as one crypto analyst has predicted a massive burst that could send the price toward its previous highs.<\/p>\n

LOOKS Poised For Parabolic Move<\/h2>\n

In an analysis posted<\/a> on TradingView, a crypto analyst that goes by without_worries on the platform has predicted a meteoric price rise for the LOOKS token<\/a>. The analysis identifies major indicators that have turned bullish, pointing to a 10000% increase in price.<\/p>\n

Related Reading: Analyst Says Ethereum Is Seeing \u2018Systemic Buying\u2019, What This Means<\/a><\/div>\n

First, the analyst notes that the price action and the RSI resistance breakouts point to a potential bull rally. Then there is also the fact that multiple oscillators have turned toward a positive divergence with the price action that has been recorded. As the analyst explains, this positive divergence continues to get stronger with a move up in the timeframe.<\/p>\n

The third factor that points toward this rally is the panic in the crypto market. Volume has been on the rise as investors scrambled to get back in the market and take advantage of the rising prices. \u201cEvery sell off is met with a large volume increase,\u201d the analyst states.<\/p>\n

\"LooksRare<\/p>\n

Source: Tradingview.com<\/pre>\n
A falling wedge pattern that uses the highest to the lowest touch points also supports this theory of a breakout. So while it is likely that the price could keep falling, there is a higher chance that it will begin to climb, the analyst explains.<\/p>\n
Furthermore, the analyst identifies the fact that LOOKS is yet to be listed on major exchanges such as Binance. As such, this provides a unique opportunity to get into the coin before it gets on investors\u2019 radars.<\/p>\n
LooksRare Recovery To New Highs<\/h2>\n
The analysis which was first posted on November 22 put one of the price targets just above the $5.2 level, which would be an initial 5,000% move from the $0.097 price mark at the time.<\/p>\n
Related Reading: FTX\u2019s FTT Token Leads Market Gains With 55% Rally, What\u2019s Driving It?<\/a><\/div>\n
However, given the analyst\u2019s 10,000% increase prediction, there is the expectation that the altcoin<\/a> will cross its previous all-time high price of $7. Completing a 10,000% move from here would see the price rise to $9 which would be a new all-time high price.<\/p>\n
A breakout seems to have already begun for the LOOKS price<\/a> by Friday. The price is already over 23% up and continues to show bullish tendencies. However, there is no timeframe presented by the analyst for when this 10000% move would be completed.<\/p>\n
\"LooksRare<\/p>\n
Token price above $0.09 | Source: LOOKSUSDT on Tradingview.com<\/a><\/pre>\n
Featured image from Seu Dinheiro, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
LooksRare first burst into the scene as one of the first NFT marketplaces to carry a vampire attack on OpenSea and it was rewarded heavily as its LOOKS token enjoyed great success. Just like the rest of the crypto market, the LOOKS has since succumbed to the bearish headwinds, losing over 98% of its bull market highs. However, this might not continue for long as one crypto analyst has predicted a massive burst that could send the price toward its previous highs. LOOKS Poised For Parabolic Move In an analysis posted on TradingView, a crypto analyst that goes by without_worries on the platform has predicted a meteoric price rise for the LOOKS token. The analysis identifies major indicators that have turned bullish, pointing to a 10000% increase in price. Related Reading: Analyst Says Ethereum Is Seeing \u2018Systemic Buying\u2019, What This Means First, the analyst notes that the price action and the RSI resistance breakouts point to a potential bull rally. Then there is also the fact that multiple oscillators have turned toward a positive divergence with the price action that has been recorded. As the analyst explains, this positive divergence continues to get stronger with a move up in the timeframe. The third factor that points toward this rally is the panic in the crypto market. Volume has been on the rise as investors scrambled to get back in the market and take advantage of the rising prices. \u201cEvery sell off is met with a large volume increase,\u201d the analyst states. Source: Tradingview.com A falling wedge pattern that uses the highest to the lowest touch points also supports this theory of a breakout. So while it is likely that the price could keep falling, there is a higher chance that it will begin to climb, the analyst explains. Furthermore, the analyst identifies the fact that LOOKS is yet to be listed on major exchanges such as Binance. As such, this provides a unique opportunity to get into the coin before it gets on investors\u2019 radars. LooksRare Recovery To New Highs The analysis which was first posted on November 22 put one of the price targets just above the $5.2 level, which would be an initial 5,000% move from the $0.097 price mark at the time. Related Reading: FTX\u2019s FTT Token Leads Market Gains With 55% Rally, What\u2019s Driving It? However, given the analyst\u2019s 10,000% increase prediction, there is the expectation that the altcoin will cross its previous all-time high price of $7. Completing a 10,000% move from here would see the price rise to $9 which would be a new all-time high price. A breakout seems to have already begun for the LOOKS price by Friday. The price is already over 23% up and continues to show bullish tendencies. However, there is no timeframe presented by the analyst for when this 10000% move would be completed. Token price above $0.09 | Source: LOOKSUSDT on Tradingview.com Featured image from Seu Dinheiro, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[89728,90423,90426,90427,90424,85353,90428,90425,89729],"class_list":["post-562254","post","type-post","status-publish","format-standard","hentry","category-news","tag-looks","tag-looks-news","tag-looks-price","tag-looks-price-prediction","tag-looks-token","tag-looksrare","tag-looksrare-news","tag-looksusd","tag-looksusdt"],"acf":[],"yoast_head":"\nLooksRare\u2019s LOOKS Ready To Melt Faces: Analyst Predicts 10000% Surge Above $5.2<\/title>\n<meta name=\"description\" content=\"LooksRare (LOOKS) first burst into the scene as one of the first NFT marketplaces to carry a vampire attack on 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"LooksRare\u2019s LOOKS Ready To Melt Faces: Analyst Predicts 10000% Surge Above $5.2","url":"http:\/\/wncen.com\/news\/looksrare-looks-10000-surge-5-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/looksrare-looks-10000-surge-5-2\/"},"thumbnailUrl":"","image":{"@type":"ImageObject","url":""},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["looks","looks news","looks price","looks price prediction","looks token","looksrare","looksrare news","looksusd","looksusdt"],"dateCreated":"2023-11-24T16:00:05Z","datePublished":"2023-11-24T16:00:05Z","dateModified":"2024-06-11T08:32:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LooksRare\\u2019s LOOKS Ready To Melt Faces: Analyst Predicts 10000% Surge Above $5.2\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/looksrare-looks-10000-surge-5-2\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/looksrare-looks-10000-surge-5-2\\\/\"},\"thumbnailUrl\":\"\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"looks\",\"looks news\",\"looks price\",\"looks price prediction\",\"looks token\",\"looksrare\",\"looksrare news\",\"looksusd\",\"looksusdt\"],\"dateCreated\":\"2023-11-24T16:00:05Z\",\"datePublished\":\"2023-11-24T16:00:05Z\",\"dateModified\":\"2024-06-11T08:32:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562254"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=562254"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/562254\/revisions"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=562254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=562254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=562254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}