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Polymesh price is up almost 20% in the last 24 hours, steered by buying pressure that pushed trading volume up 105% over the last day. The move has catapulted POLYX to the list of top gainers to begin the new week as Uptober passes as one of the most remarkable months in crypto 2023.
🔥Top Gainers 🔥#GAS #SLP #ONG #LOOM #POLYX #QTUM #JST #ID #FET #ONT #TopGainers #Bitcoin pic.twitter.com/lofdBAgdTz
— Zoro Caller (@zorocaller) October 29, 2023
To some, the hard pump in Polymesh price does not come as a surprise. This comes as POLYX started showing signs two weeks ago when it broke from consolidation under the $0.1494 level with momentum above 50.
Told $polyx will pump v hard 10 times+ and from 15 days $polyx ruling top 1-2 spot 2.5x+
Told #qkc dont miss after #polyx now its above 32%+ and can go more but took initials
Next $mbl dont miss it just telling ✍🏻 same narrative will follow $polyx $qkc
Will appreciate a like❤️ https://t.co/j0jdNKYaWw pic.twitter.com/coiWNehLFV
— Cryptobull ( Free Premium Calls ) (@Cryptobullmaker) October 28, 2023
With longs on a celebratory mode after the Polymesh price surge, it remains to be seen whether POLYX still has a gusto for more gains.
All Tps successfully hit ✅ on #POLYX trade in our discord.
Profit 350% 🔥🔥🔥 within 6 hrs. pic.twitter.com/P6dYYZEXfn— Muneeb🎖️ (@MirMuneeb55) October 26, 2023
It is worth mentioning that Polymesh (POLYX) is an institutional-grade permissioned blockchain. Established purposefully for regulated assets, the network commits to streamlining antiquated processes. At the same time, it aims to pave the way for ‘new financial instruments by solving challenges with public infrastructure around governance, identity, compliance, confidentiality, and settlement,” citing an article on lixwe.com.
Polymesh Price Prediction As POLYX Confronts Stiff Resistance
Polymesh price is confronting a stiff roadblock, which capped PLOLYX multiple times in a row. However, momentum remains strong, suggesting the altcoin could still record more price gains. To begin with, the Relative Strength Index (RSI) remains northbound, at 67, showing that as momentum continues to rise, there is still more room to the upside.
The histogram bars of the Awesome Oscillator also continue to reside in the positive territory recording large histogram bars. This points to bulls leading the market.
Increased buying pressure above current levels, therefore, could see Polymesh price shatter the stiff resistance at $0.2839, clearing the equal highs before a foray north. In a highly bullish case, the gains could extend for Polymesh price to venture above the $0.3000 psychological level, or in a highly bullish case, scale higher to tag the $0.3138 before collecting the sell-side liquidity residing above this barrier.
However, a rejection from the $0.2839 resistance level could send Polymesh price to the 61.8% Fibonacci retracement at $0.2323, or lower to test the 50% Fibonacci at $0.2071.
In the dire case, the slump could suppress Polymesh back into the consolidation zone below $0.1494, or in the worst case scenario, see it test the support floor at $0.1003.
Given that risk, it may be worth shifting funds from Polymesh and considering some for YPRED, touted as a token empowering the world’s first all-in-one artificial intelligence ecosystem.
Promising Alternative To Polymesh
YPRED is the ticker for the yPredict ecosystem, a project specifically built for developers, traders, quants and analysts. It provides AI-generated trading signals created live from innovative predictive models by top 1% AI experts.
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— yPredict.ai (@yPredict_ai) October 24, 2023
To come up with the signals, the project cruises through real-time sentiment analysis on all popular crypto coins. It also finds the most effective indicators for every asset, depending on what coin, you, the trader, are looking at. With state-of-the-art predictive models and data insights built by top-of-the-chain AI developers and analysts, yPredict gives traders and investors an edge in different industries, ranging from trading, finance, health, and human resources.
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Our cutting-edge AI and machine learning tech empowers traders with invaluable insights for better-informed decisions and increased profit potential. Plus, we open doors for AI enthusiasts to monetize their… pic.twitter.com/ZtWFZVxJV6
— yPredict.ai (@yPredict_ai) October 17, 2023
Harnessing artificial intelligence and machine learning with yPredict, where crypto market participants enjoy data-driven insights. These help them make trading decisions from an informed point of view.
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— yPredict.ai (@yPredict_ai) October 3, 2023
yPredict platform invites AI enthusiasts to monetize predictive models too, with popular media platforms endorsing the project. These include Cryptonews, Benzinga, Outlook, News BTC, and Yahoo Finance, among others.
It is steered by an ever-growing ecosystem of cutting edge AI products, and powered by the Polygon (MATIC) ecosystem. Users enjoy analytics achieved by cutting-edge infrastructure. It delivers a wide range of data, ranging from automated chart pattern recognition and transactional data analysis for crypto and stocks.
In the seventh stage of the presale, a single YPRED token is selling for $0.1, but will list for $0.12. This positions early entrants for a 20% profit upon listing. Once stage seven ends, the token will be auctioned for $0.11 in stage eight, an 11.11% increase. So far, presale sales have reached a staggering $4.534 million, out of the stage target of $4.582 million.
Get valuable insights and predictive signals for informed decision-making by visiting yPredict to buy YPRED in the presale here.
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