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Pond Coin (PNDC) Price Prediction: Can PNDC Achieve 60% Growth by Year End?

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Pond Coin PP
Pond Coin PP

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Pond Coin has been on a sharp correction after creating an all-time high earlier this month. In the last 24 hours, PNDC has dropped 9% to trade at $0.00000216.

PNDC’s volatility remains high, with the coin trading between $0.00000205 and $0.00000241 over the past day. The 24-hour trading volumes have also reached $2.15 million, according to DexTools.io.

Despite the plunge in PNDC’s value, its decentralized exchange (DEX) platform appears to be gaining momentum.

In a recent update, the platform confirmed having completed 54,000 total swaps, $84,200,000 total trading volumes, and 5,600 unique swappers.

https://twitter.com/Pond0x/status/1702770473338019998

Can PNDC Achieve 60% Growth By Year End?

Despite the recent downtrend, PNDC is among the trending coins on DexTools.io. Moreover, the growth of its DEX platform could contribute to price gains. Nevertheless, bearish sentiment prevents PNDC from making solid gains.

Pond Coin hit an all-time high of $0.00000297 on September 2. As the rally failed to continue, PNDC posted selling pressure, dropping the coin to $0.00000165 on September 10.

$0.00000165 was an ideal entry point for traders who missed the previous rally. As the coin made a steady recovery, the uptrend was rejected at $0.0000025.

Pond Coin currently holds support at $0.00000216, mimicking a trend last seen on September 14. If this price fails to hold, PNDC will likely drop towards $0.0000020.

PNDC made a false breakout to the downside to the $0.0000020 level before a swift recovery.

Pond Coin is facing resistance at $0.00000236. If it breaks past this level, a 60% uptrend is likely, after which PNDC could recover its recent losses.

Sellers Are Dumping PNDC As Bearish Pressure Mounts

Selling activity for PNDC is high, which explains the recent price drop. The Relative Strength Index (RSI) has witnessed a sharp decline, indicating an influx of sellers in the market. However, the RSI line shows signs of the selling pressure subsiding.

The bearish momentum is further highlighted by the Moving Average Convergence Divergence (MACD) line, which is harmful. The MACD histogram bars also show downward momentum.

The bearish sentiment could remain in play in the short term, given the lack of support from the broader crypto market.

Bitcoin BSC Presale About To Hit $2.8 Million

The Bitcoin BSC presale has picked up momentum and is about to reach the $2.8 million mark.

This barely two-week-old presale will soon hit the soft cap of $3.96 million, given the rate at which it sells out.

BTCBSC is an exciting addition to the crypto market amid gloomy conditions—the token trades at a presale price of only $0.99 per token.

BTCBSC is based on the Binance BNB Chain, and it mirrors the early days of Bitcoin. The project gives investors a second chance to acquire an asset with high potential at a low price.

Bitcoin BSC differs from the original Bitcoin as it uses a proof-of-stake protocol. Its staking feature is gaining momentum, with over 1.38 million BTCBSC tokens staked.

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