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The Ponke price surged 29% in the last 24 hours to trade at $0.4618 as of 7 a.m. EST on a 16% surge in trading volume to $51.5 million.
Ponke has also skyrocketed by 193% in the past week, boosting its market cap to $232 million, according to CoinGecko.
Ponke Price Blasts Into An Uptrend Within A Rising Channel
After a prolonged consolidation phase, the price of Ponke has found anchor support on the $0.1510 support zone, helping the bulls propel the price to the $0.1970 resistance level within a rising channel.
PONKEUSDT Analysis. Source: Tradingview.com
Despite a recent dip driven by the bears, the bulls are ready to push the price higher, aiming to surpass the $0.4618 mark and continue the bullish trend.
Daily technical indicators also support Ponke’s bullish outlook. The price is trading above both the 50 and 200 simple moving averages (SMA), which suggests solid support for PONKE’s upward movement and reinforces the overall bullish market sentiment.
The MACD line is above the signal line, and a green histogram indicates growing investor interest.
Additionally, the Relative Strength Index (RSI) has rebounded from 42, climbing past the midline level of 50 to 71 in the overbought zone, reflecting strong buying pressure for Ponke’s price.
Ponke Price Could Reach A $0.55 High Soon
Ponke price bulls are ready to push the price higher. If the upward trend keeps going, Ponke could soon hit a new high. This ongoing rise suggests it might reach $0.55 soon, marking a significant recovery in its price.
Conversely, if Ponke faces resistance, it could allow the bears to drive the priceforcing the bulls to retreat to the $0.3934 support zone.
Sealana Meme Coin Rockets Past $2 Million Raised
Meanwhile, as the Ponke price booms, investors are also swarming to the new Solana meme coin presale Sealana (SEAL), which has just surpassed $2 million in funds raised.
The Sealana character is based on a chubby seal that is fully immersed in the Solana Sea, spending endless hours in front of his computer and slowly growing bigger.
He’s swapped his once sleek figure for a diet of chips and canned tuna favoured by traders. His relentless quest to uncover the next big Solana meme coin consumes him, leaving his living room in chaos as he tirelessly researches with his flippers.
Y’all listen up!📢
When #Sealana said "MAKE AMERICA GREAT AGAIN", he meant we gotta finish buildin’ that god darn wall! 🧱🇺🇸
Creatin’ a land of prosperity where all American $SEALS can shoot guns🔫, drink drive🛻, and leave the trailer park behind!🏚️🚀
Join the #Presale, bag some… pic.twitter.com/GldZlorvvB— Sealana (@Sealana_Token) May 17, 2024
The Cryptonews YouTube Channel says that Sealana could be the next 100X opportunity.
SEAL tokens are currently priced at $0.022 each. Since the ICO doesn’t have a timer, stages, or a hard cap, it could close at any moment. If you’re considering investing, it’s a good idea to act quickly so you don’t miss out.
Buy SEAL tokens here using SOL, ETH, BNB, USDT, or a bank card.
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