Pond Coin (PNDC) Price Glimpse - PNDC Dives Deep, Targeting 150% Boost

Pond Coin (PNDC) Price Glimpse – PNDC Dives Deep, Targeting 150% Boost

Updated: 08 September 2023

Disclosure

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.

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Pond Coin (PNDC) has notably declined over the last 24 hours. The meme coin is hovering at $0.000001679, down 9% on the day. The coin’s 24-hour trading volume is $1.6 million, a 30% decrease. This points to decreasing investor interest in PNDC which may affect its recovery attempts.

Pond Coin, however, remains bullish in the longer timeframes as it traded 40% above its value seven days ago. While PNDC is turning down today, many investors and traders predict that this is the best time to accumulate more on the dip and profit when it goes up.

Pond Coin Bulls Could Exploit Bullish Triangle for 150% Gains

PNDC price action has led to the appearance of an ascending triangle on the daily chart. This technical formation appears once an asset’s price records a series of higher lows and relatively equal highs.

The pattern is confirmed once the price produces a decisive close above the resistance line, embraced by the triangle’s horizontal line (x-axis). The price target is arrived at by measuring the distance between the widest points of the triangle and adding it to the breakout point.

In Pond Coin’s case, a daily candlestick close above the triangle’s resistance line at $0.000002737 would confirm a breakout from the governing chart pattern. Such a move would clear the path for a rise toward the technical target of the ascending triangle at $0.000004430. This would represent a 157% climb from the current price.

PNDC/USD Daily Chart

Pond Coin Price Chart — TradingView Chart: PNDC/USD

Apart from the significantly bullish chart pattern, the upbeat narrative for PNDC was validated by the position of the Stochastic RSI at 77 in the positive region. This suggested that the price was firmly in the hands of the buyers.

In addition, the token sat on strong support downward. This included the 20-day Simple Moving Average (SMA) at $0.000001670, providing a safe breathing zone for the buyers.

Conversely, the stochastic RSI suggested that Pond Coin was recently overbought, adding credence to the ongoing bearish correction. As profit-taking continues and selling pressure builds out, PNDC could drop below the 50-day SMA, embraced by the triangle’s support line. This would bring areas around the $0.0000010 psychological level into the picture.

Since PNDC is currently turning down, it would need strong fundamentals from the project to propel the price and make the significant leap to $0.0000044, as analyzed above. This might take days, weeks, or even months.

Meanwhile, investors can turn to new cryptocurrencies like Bitcoin BSC (BTCBSC) in presale with the potential to make handsome returns in 2023.

Promising PNDC Alternatives

Bitcoin BSC (BTCBSC) is an innovative project that takes us back in time, allowing crypto investors to buy a BTC close at a cheaper price.

BTCBSC’s unique selling point is that it shares similarities with the world’s favorite crypto, Bitcoin, while adding some cool features like staking rewards, eco-friendly mining practices, and integration with decentralized apps (dApps).

Bitcoin BSC’s total supply is fixed at 21 million tokens, just like the original Bitcoin. The presale offers 29% of this (6.125 million $BTCBSC tokens) at just $0.99 per token. This is like going back to April 2011, when the price of Bitcoin was less than $1.

While Bitcoin BSC is similar to Bitcoin regarding tokenomics and overall supply, there are some key differences. The first is that the BTCBSC is built on the BNB Chain, which uses a proof-of-stake (PoS) consensus mechanism.

The second difference is that it provides staking rewards released every 10 minutes under the same schedule as Bitcoin block rewards. BTCBSC’s rewards are anticipated to surpass those of other PoS platforms, such as Ethereum, Solana, and Cardano, with 4-5%, 6-7%, and 5-10% rewards, respectively.

The project is performing well in presale, with the team raising over $230,000 within just a few days of its launch. The presale will continue until its soft cap is reached, meaning until the project raises $3.96 million.

https://twitter.com/Bitcoinbsctoken/status/1700057880429216224?s=20

After the presale, early adopters can trade their BTCBSC tokens on a BNB Smart Chain DEX, with 2% of the token supply reserved to keep the DEX liquidity locked up tight. This ensures that the project remains fully decentralized and community-owned.

So, if you missed out on the early Bitcoin frenzy, BTCBSC offers you a second chance. Visit Bitcoin BSC here for details on how to participate in the presale.