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The Ponke price surged 15% in the last 24 hours to trade at $0.51741 as of 7:15 a.m. EST on trading volume that skyrocketed 220% to $77 million, according to data from CoinGecko.
This comes after the world’s largest crypto exchange, Binance, announced that it would list PONKEUSDT Perpetual contracts with up to 75x leverage on Binance Futures on November 4 at 12:30 UTC.
#Binance Futures will launch the USDⓈ-Margined $PONKE Perpetual Contract at
🗓️ Nov 4 2024, 12:30 (UTC)
Read more ➡️ https://t.co/kqrmZqnEp6 pic.twitter.com/LQPUlMOBOR
— Binance Futures (@BinanceFutures) November 4, 2024
Ponke Price On A Sustained Bullish Rally
According to the PONKE/USDT chart analysis on the 4-hour timeframe, the Ponke price has been in a continued surge since mid-October, after the bulls took advantage of the price within the $0.27 support.
In the last two weeks, the price of Ponke has been registering higher highs and higher lows, trading within the rising channel pattern.
PONKE price has, as a result of the surge, crossed above both the 50-day and 200-day Simple Moving Averages (SMAs) at $0.464 and $0.388, respectively. This supports the continued upward trend, which the bulls aim to sustain.
Meanwhile, the Relative Strength Index (RSI) seems to be rebounding towards the 70-overbought region, currently at 63, indicating that the asset is experiencing some buying pressure.
The bullish rally is also confirmed by the Moving Average Convergence Divergence (MACD) lines, as the blue MACD line crosses above the orange signal line, which creates a bullish crossover. The green bars on the histogram are also beginning to form, which shows that the Ponke price is on positive momentum.
If the bulls sustain this momentum, PONKE could soar to the $0.70 resistance level.
PONKEUSDT Chart Analysis (Source: Tradingview)
Conversely, if the bears take control here, the price of Ponke could drop below the lower boundary of the rising channel pattern, with $0.39 acting as the immediate support level.
As the Ponke price soars, so, too, are the funds being raised by the new meme coin Flockerz (FLOCK).
According to 99Bitcoins, a popular crypto channel on YouTube with over 706K subscribers, $FLOCK has the potential to soar 100X after its launch.
Flockerz Presale Heads For $2 Million – Best Crypto To Buy Now?
The Flockerz presale has already raised $1.25 million as investors buy into the idea of a truly decentralized meme coin.
The project introduces the industry’s first vote-to-earn (V2E) mechanism, allowing users to influence the project’s future by voting on key decisions while earning FLOCK tokens for their efforts.
It’s decision time! 🐦🗳️ pic.twitter.com/Yu9sZRWe7R
— Flockerz (@FlockerzToken) October 23, 2024
In Flockerz, the V2E model puts power in the hands of token holders, allowing them to shape the project’s direction and decentralize decision-making among stakeholders.
Flockerz achieves this through Flocktopia, a decentralized autonomous organization that establishes a structured governance model and implements an innovative reward system. Active members who participate in voting on changes earn $FLOCK tokens as rewards.
Apart from V2E rewards, users can also earn passively through the platform’s staking mechanism, with a sky-high annual yield of 1,340%. Over 134 million $FLOCK tokens have already been staked on the platform.
To join the presale, you can buy $FLOCK on the official website here for $0.0059334 per token using BNB, ETH, or USDT. You can also make a purchase using your bank card.
Buy before a price hike in less than 2 days to secure the best deal.
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