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The Ponke price has soared 41% in the last 24 hours to trade at $0.1829 as of 7 a.m. EST on a 498% pump in trading volume to $47.5 million.
The jump in the PONKE price has positioned it as the top gainer among the top 100 cryptocurrencies on CoinMarketCap.
Ponke Price Analysis: Potential Bullish Reversal After Downtrend
The PONKE/USDT trading pair shows signs of a potential trend reversal after months of downward movement. The current price stands at $0.18200, marking a 9.89% increase, indicating buyers’ renewed interest.
However, a recent breakout above the channel signals a possible shift in momentum as buyers attempt to regain control. This breakout occurs near a key support zone between $0.09233 and $0.12000, an area historically providing strong buying interest. If the support holds, the market could see further upside potential.
The resistance level is around $0.30580. A confirmed breakout above this level could pave the way for a larger rally toward $0.40000. Beyond that, the next key target would be the $0.60000 – $0.80000 resistance zone, representing a significant supply area where sellers may step in.
If the price reaches this region, profit-taking could temporarily slow the upward momentum. However, sustained buying pressure could increase the price, leading to further bullish continuation.
PONKEUSDT Analysis Source: Tradingview
RSI Breakout Signals Growing Bullish Momentum
The Relative Strength Index (RSI) is currently at 55.25, climbing above the key 50 level. This important signal indicates a shift from bearish to neutral-to-bullish momentum. Previously, the RSI struggled at around 41.54, which resisted upward movements.
Now that the RSI has broken past this barrier, it shows growing bullish momentum. If the RSI continues to rise and crosses above 60-70, it would confirm strong buying pressure and increase the probability of a further rally.
For the bullish case, the Ponke price must maintain its position above $0.18200 and successfully break through $0.30580 to confirm the trend reversal. If buyers sustain momentum, the price could rally toward $0.40000, $0.60000, and eventually $0.80000.
However, for this scenario to materialize, the breakout must be accompanied by strong volume, indicating genuine buying interest rather than a temporary spike.
On the bearish side, if the price fails to hold above $0.15000, it could indicate a false breakout. In such a case, the price may revisit the $0.12000 – $0.09233 support area where previous buyers stepped in. A breakdown below $0.09233 would invalidate the bullish setup and lead to further declines, potentially pushing the price toward new lows.
BTC Bull Token (BTCBULL) Presale Heads For $3 Million
Meanwhile, as the Ponke price heads for a bullish rally, investors are flocking to buy BTC Bull Token (BTCBULL), a new Bitcoin-themed meme coin attracting attention with its unique Bitcoin giveaway model.
BTC Bull Token will reward investors with real Bitcoin and it’s already raised more than $2.5 million in less than two weeks. It will airdrop Bitcoin to holders when its price hits key levels, starting at $150,000 and in increments of $50,000 from that point on.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
In addition, every $25,000 rise in the Bitcoin price will trigger a BTCBULL token burn, reducing supply and possibly increasing its value. A big airdrop event is also planned when Bitcoin reaches $250,000, with rewards based on how much each participant bought during the Community Sale.
Enjoy High Staking Rewards
Besides airdrops, BTCBULL holders can earn passive income through staking, with an impressive 172% annual return.
An analyst on the 99Bitcoins YouTube channel, with over 725k subscribers, says BTCBULL could soar 10X after launch.
Right now, investors can buy BTCBULL tokens for $0.002375 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 2 days to lock in the best deal.
Check out BTC BULL Token here.
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