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The Panda Swap price rose 33% in the last 24 hours to trade at $0.01245 as of 11:54 p.m. EST on trading volume that dropped 64% to $1.2 million.
This comes days after the token acquired its first exchange listing on MEXC, as it continues to garner attention in the crypto space.
Panda went live on @MEXC_Official yesterday!
This is another huge step forward for the project and will bring great exposure to us in the medium term.
Today, we are trending no.4 in the world on @CoinMarketCap, above @Bitcoin!
Also, how do you like our gold tick? We think… pic.twitter.com/K1mX4tCs1S
— Panda Swap (@PandaSwapSol) April 25, 2024
Panda Swap Price Set To Soar Over The $0.01269 Resistance
The Panda Swap price entered a downtrend at the start of April, dropping to the $0.0070 support level. However, this support enabled the bulls to drive the price up towards the $0.0160 resistance.
The bears then drove the price down to a retrace back to $0.010. With the news of the exchange listing, PANDA rose 53% to hit $0.019 and has since been on a downward trend, with the bulls retreating to the $0.00848 support zone.
PANDA bulls then found stable support to push the price back to $0.01269 before retreating again to the $0.0104 support. The surge after this support completed the formation of a cup and handle pattern, with the bulls aiming to sustain the bullish momentum over the resistance at $0.01269.
Additionally, PANDA is trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of an upward trend.
The Relative Strength Index (RSI) also trends upwards towards the 70-overbought region, currently at 63, which shows more buying action than selling. If the bulls sustain the momentum, the RSI could soar upwards to the 70-overbought region, indicating intense buying pressure.
Moreover, the readings from the Moving Average Convergence Divergence (MACD) show a strong bullish trend, with the blue MACD line crossing over the orange signal line, representing a bullish crossover.
The green bars on the histogram are also on the verge of extending gracefully over the neutral line, a signal that PANDA is on a positive trajectory.
Panda Swap Price Prediction
The Panda Swap price’s bullish momentum is very strong, with the price forming a cup and handle pattern, as the bulls aim to push the price further above the $0.01269 resistance zone as they target $0.017.
PANDA major indicators, including the MACD and the RSI, show bullish prospects for optimistic investors, who could push the price even further.
However, the 50-day SMA trades below the 200-day SMA, forming a death cross of $0.01043. A death cross may prompt a bearish move on the 1-hour chart, which could drive the price down to the next support zone around $0.0090.
Meanwhile, as the Panda Swap price soars, investors are also piling into $DOGEVERSE, a Dogecoin derivative that analysts say has the potential to soar 100X after launch.
Dogeverse Presale Blasts Past $12.5 Million – Next 100X Presale Gem?
Dogeverse (DOGEVERSE) launched early in early April and has already raised over $12.5 million in just three weeks.
The project boasts the unique title of being the world’s first chain-traveling Doge, a cryptocurrency designed for seamless operation across multiple blockchains. It effortlessly facilitates transactions on Ethereum, Binance Smart Chain, Polygon, Avalanche, Base, and Solana.
🌐 Embracing Inclusive Accessibility! 🚀
$DOGEVERSE opens its doors to a wide audience, from #Ethereum aficionados to those preferring the rapid, cost-effective benefits of #Solana or #Polygon, fostering a diverse and inclusive community. 🐕🌟 pic.twitter.com/sXPOvaoz67
— DogeVerse (@The_DogeVerse) April 12, 2024
Its mascot, Cosmo the Doge, can hyperjump between crypto networks.
The project offers dynamic range staking with an impressive 89% annual percentage yield.
Jacob Bury, a prominent crypto analyst on YouTube, believes that Dogeverse has the potential to surge 100X on launch.
You can participate in the presale by buying $DOGEVERSE for $0.000304 per token. Buy soon, though, because a price hike is coming in about two hours.
Buy $DOGEVERSE on the official website here using ETH, USDT, or a bank card.
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