Search Inside Bitcoins

Panda Swap Price Prediction: PANDA Soars 48% In A Week And Analysts Say This New Solana Meme Coin Might Be Next To Explode

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

Panda Swap price
Panda Swap price

Join Our Telegram channel to stay up to date on breaking news coverage

The Panda Swap price is up 48% in the past seven days to trade for $0.007152 as of 02:26 a.m. EST.

In the past 24 hours, however, the PANDA price is down almost 2% on trading volume that dropped 71%.

Nevertheless, the token is trending on TheNewsCrypto, standing alongside Notcoin (NOT), and GameStop (GME). Others on the list include Cat In A Dogs World (MEW), Toncoin (TON), and GameStop (GSTOP).

Panda Swap Price Prediction

The Panda Swap price is attempting a recovery rally, with the bulls sustaining the resolve for the past week. The higher lows on the PANDA/USD trading pair on the one-day timeframe show this commitment.

Nevertheless, the market still favors the downside with the Panda Swap price stuck within a falling parallel channel. As long as it remains within this bearish technical formation, PANDA holders are bound to experience more losses.

Based on the outlook of the Relative Strength Index (RSI), the bears still control the PANDA market. Specifically, the RSI below the mean level of 50 suggests that the selling pressure is stronger than the buying pressure. This means the Panda Swap price may continue to decline. Traders can see this as a signal to potentially exit long positions or even consider shorting PANDA.

The position of the Moving Average Convergence Divergence (MACD) reinforces the bearish outlook. It remains in negative territory suggesting that bearish momentum persists in the PANDA market. Traders should brace for a slip of the Panda Swap price below the $0.005350 support.

Panda Swap price

GeckoTerminal: PANDA/USD 1-day chart

On the other hand, if the bulls are able to haul the Panda Swap price above the upper boundary of the channel, the upside could be realized. In such a case, only a stable candlestick close above the $0.01000 psychological level on the one-day timeframe would confirm the continuation of the uptrend. Traders looking to take long positions on PANDA should probably wait for this confirmation.

In a highly bullish case, the gains could extend for the Panda Swap price to reach the $0.014595 level, beyond which the bulls would set their eyes on the $0.02000 psychological level, nearly 180% above current levels.

Meanwhile, analysts say new Solana meme coin SEAL might be the next crypto to explode.

YouTuber Crypto Mischief wonders if it might be the the next Dogwifhat (WIF), a SOL-based meme coin that exploded upon launch and is now the 4th-biggest meme coin with a market capitalization of $3.2 billion

A Promising Alternative To Panda Swap

SEAL powers the Sealana ecosystem and is based on a charming, chubby seal trader who has dived deep into the Solana sea. The character, once sleek and agile, has now adopted a sedentary trader’s lifestyle as he dreams of finding the next crypto to explode.

The novel concept has fueled a stellar launch, surpassing $3 million in presale sales. Jacob Bury, a crypto analyst on YouTube, says SEAL has the potential to surge 10X after launch.

This ‘Send SOL’ presale has no timer, stages, hard cap, or even a white paper. This means that the ICO could end at any time, suggesting now is the best time to buy.

Buy SEAL tokens on the official website here for $0.022 each.

Also Read:

PlayDoge (PLAY) - Newest ICO On BNB Chain

Rating

PlayDoge
  • 2D Virtual Doge Pet
  • Play To Earn Meme Coin Fusion
  • Staking & In-Game Token Rewards
  • SolidProof Audited - playdoge.io
PlayDoge

Join Our Telegram channel to stay up to date on breaking news coverage

Read next

Don't see the answer that you're looking for?

Ask us Now!