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Pond Coin Price Prediction: Is PNDC Lined Up for a 25% Growth Spurt?

Pond Coin PP
Pond Coin PP

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Pond Coin continues with a downtrend as the 24-hour drop hits nearly 4%. With selling activity picking up, the daily volumes have reached $4.16 million.

PNDC’s current price trend does not reflect the sentiment across the broader market. With the price of Bitcoin back above the $27K level, most altcoins are trading in the green today.

PNDC appears to be undergoing a correction after outperforming the majority of the cryptocurrency market earlier this month.

A steady downtrend has been posted over the past few days, but the selling pressure might soon be exhausted, paving the way for a growth spurt.

Is PNDC Headed For 25% Growth Spurt?

PNDC has been posting lower lows over the past few days. The coin is now trading at levels last seen on September 13.

In the last 24 hours, PNDC has traded between $0.00000202 and $0.00000224. Bears have the upper hand as the coin continues creating more red hourly candles.

PNDC currently holds support at $0.00000205, with the price bouncing from this support level severally. If buyers enter at these levels, PNDC will mimic a rally seen on September 13 when the price jumped from this support level to $0.00000217.

The trading volumes have slowed, indicating buyers’ unwillingness to enter the market at the current price.

If the uptrend fails, a downtrend will likely be formed, with the price expected to drop below $0.0000019.

Pond Coin Remains Bearish In Short-Term

Pond Coin is on a bearish momentum today, as seen in its Relative Strength Index (RSI). The RSI has been dropping but has yet to reach the oversold levels.

The movement of the RSI line shows some buying activity at the low levels. However, the buying activity slows, with seller and buyer momentum cooling down.

PNDC’s Moving Average Convergence Divergence (MACD) line is currently in the negative zone, pointing toward a bearish sentiment.

A bullish case can be made with the MACD histogram bars currently on the green. However, bullish gains might not be seen soon, with buying support weakening.

Bitcoin BSC Presale Is Fast Selling Out, Over $3.1 Million Raised

Bitcoin BSC has raised over $3.1 million in its presale, which started on September 5. The presale is fast selling out, with early investors rushing to buy the token at the early Bitcoin price of only $0.99.

Bitcoin BSC has set itself apart from the traditional Bitcoin in that it runs on the BNB Chain that uses a proof-of-stake (PoS) consensus. It also differs from Bitcoin by offering staking rewards.

69% of the entire BTCBSC token supply has been set aside for staking rewards to ensure they become available over the next 120 years. Bitcoin will be thoroughly mined during the same period.

The official Bitcoin BSC whitepaper says it will have a total supply of 21 million coins, similar to Bitcoin. 29% of the collection will be sold during the presale.

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