Clash of Lilliput price has found favor from investors barely a day after suffering a major hit to $0.35. The Play-to-Earn (P2E) token exploded 30% from this support to trade at $0.59 at the time of writing. Bulls are making their way around resistance at $0.60 ahead of another pump to $2.
The development team announced on December 20 that players in the SLG-based game could acquire pets by buying NFTs in the marketplace. However, some may earn the pets by participating in in-game challenges and events.
Today’s bites regarding #ClashOfLilliput♨️#Players can acquire pets by buying #NFTs in the #marketplace, or by participating in in-game challenges and #events.#GameFi $COL #COL pic.twitter.com/3LwyVSdK1R
— Clash of Lilliput (@LilliputGames) December 20, 2022
Moreover, players have the freedom to allocate workers to collect resources. The team is committed to making Clash of Lilliput one of the best Web3 platforms in the market, with frequent updates on Twitter. The dynamic game gives the player complete control over all the resources they collect.
In an earlier announcement, Clash of Lilliput added that players “can allocate different number of workers according to their needs and increase the collection of the resources they require.”
Clash of Lilliput Monthly Report and The Listing on Bibox
The project’s monthly report reveals that the team is building the game – notwithstanding the long crypto winter. Some milestones achieved over the last 30 days are completing the Pvp qualifying design and system.
Following a proposal to conduct a secret challenge system, development has commenced. The core development team plans to concentrate on the PVP system turning into the New Year. According to the report, Clash of Lilliput will soon launch a technology research system, whose testing is now complete.
Still, in the monthly report, the team lauded the listing on Bibox exchange on November 30. Listings expose crypto assets to a wider audience, which helps expand their adoption. The token is currently available for trading on the exchange under the pair COL/USDT.
Clash of Lilliput Price Prediction as Rally To $2 Beckons
Clash of Lilliput price is trading above a robust support area, as highlighted in a gray band on the daily chart timeframe. Due to the high concentration of buyers in this zone, COL quickly rebounded from the flash drop that saw it lose a significant chunk of its value on Wednesday.
Bulls must push past the 50-day Exponential Moving Average (EMA) (in red) at $0.5998 and, subsequently, the 100-day EMA (in blue) at $0.6238 to encourage investors to stay put ahead of COL’s potential move to $2.
As seen on the same chart, a break and hold above a falling trend line will further strengthen the bullish grip on Clash of Lilliput price. The Moving Average Convergence Divergence (MACD) indicator may flash a buy signal in the next sessions. Traders would be watching to see the MACD (blue line) cross above the signal line (in red) before firing up their buy orders.
A retracement might occur if Clash of Lilliput price bullish momentum fades before cracking the stubborn confluence resistance at $0.6238 in confluence with the 100-day EMA (in blue). So, COL’s return to test support at $0.35 may be a plausible analysis.
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Clash of Lilliput price surged over 30% to exchange hands at $0.59 on Friday. Its performance stands amid a battered crypto market and nurtures hope for investors that a bullish turnaround could be on the horizon.
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