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The Ponke price surged 21% in the last 24 hours to trade at $0.8098 as of 11:33 p.m. EST on trading volume that skyrocketed 34% to $118.8 million.
Ponke Price Aims For A Continued Surge
Since the beginning of 2024, the Ponke price has been in a continued uptrend, and registered new highs every month. However, the bears may have taken charge of the price of Ponke in July, which allowed sellers to push PONKE down to the $0.20 level, according to data from GeckoTerminal.
The $0.020 support zone allowed the price of Ponke to surge, forming a rounding bottom pattern, which is typically a reversal pattern, as the bulls aim to sustain this momentum.
PONKE trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish rally. The golden cross around $0.35 further cements the bullish sentiments.
Meanwhile, the Relative Strength Index (RSI) is in the overbought zone around 82, which often indicates that the asset is experiencing strong buying pressure. While this could also signal an upcoming pullback or consolidation, it doesn’t negate the bullish trend, especially if momentum sustains.
Moreover, the Moving Average Convergence Divergence (MACD) is indicating positive momentum as well, as the blue MACD line crosses above the orange signal line. The green bars on the histogram are also beginning to form, which shows that the asset is on a positive trajectory.
Ponke Price Prediction
According to the PONKE/USD chart analysis, the Ponke price is on a sustained bullish trend reversal on the 1-day timeframe, which could see the bulls continue to push the token up even further.
In this scenario, if the bulls succeed, the Ponke price could surge to a new all-time high (ATH) as it approaches 2025.
Conversely, if the bears take charge, the price of Ponke could plunge back down, with the 50-day SMA acting as the next possible support level at $0.43.
Meanwhile, investors who are looking for diversification opportunities might consider the newly launched Best Wallet (BEST) presale.
Fasten your seatbelts, BW family – this ride is just getting started! 🚀
— Best Wallet (@BestWalletHQ) November 17, 2024
Best Wallet Presale Garners Over $501K In Less Than A Week After Its Launch
Best Wallet (BEST) is a next-generation Web3 cryptocurrency wallet that combines advanced features with an intuitive, user-friendly design. It aims to set new standards in the decentralized wallet space by seamlessly integrating its functionality with its native token, BEST.
With less than a week after its presale launch, the token has amassed over $501K in funds raised.
The wallet offers a unique presale approach, allowing users to buy BEST tokens exclusively through the app itself.
The BEST token powers the Best Wallet ecosystem, providing reduced transaction fees, exclusive early access to the hottest new presale, and gamifies wallet engagement through the BEST airdrop. As a result, BEST is positioned to become the leading wallet token in the decentralized market.
Did you know? You can earn $BEST tokens by completing daily airdrop quests! 💸💸💸
The more points you stack, the more $BEST you will receive! Get access to exclusive features and reduced fees when the token launches. 🔥
Remember, daily quests reset everyday at midnight. Don't… pic.twitter.com/APEuMjfNZZ
— Best Wallet (@BestWalletHQ) November 9, 2024
Investors can currently purchase BEST for $0.022625 before the price increases in less than 2 days.
To join the presale, users must first download Best Wallet from Google Play or the Apple App Store, then tap on the Upcoming Tokens section to purchase BEST tokens.
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