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The Powsche Price has plunged 14% in the last 24 hours to trade at $0.01657 as of 3:35 a.m. EST on a 38% surge in trading volume to $90,000.
POWSCHE is a Porsche-focused meme coin underpinned by the Solana blockchain. It is one of the few meme coins to bridge the gap between car culture and crypto.
Powsche Price Analysis: Bullish Momentum May Push The Price Above A Channel
The POWSCHE price has been on a downturn since hitting the resistance point at $0.2201. The bears have capitalized on this decline in price, driving the meme coin further even after the bulls tried to reclaim control. This downturn has led to the formation of a bearish channel, which suggests that the bearish trend may continue.
Despite the price decline, the bulls are showing resilience as they have begun climbing after staging support at $0.008445, which acts as a springboard for the bulls to catapult prices higher.
POWSCHESOL Analysis Source: Dextools.io
Indicators for the Powsche price suggest a bullish outlook support, which is seen in the Relative Strength Index (RSI) that has rebounded from the 30-oversold zone and surged through the 50 midline level. This indicates intense buying pressure for the Powsche price. If the bullish momentum increases, the RSI could jump from the current 59 into the 70 overbought zone.
Furthermore, the Moving Average Divergence Convergence (MACD) is trading sideways despite being above the neutral position. The average line is also above the orange signal line, which gives the bulls a chance to push the price upwards. The histogram green bars have also begun increasing, meaning the bullish momentum is building up.
Despite the current rebound, the 50-day Simple Moving Average (SMA) acts as resistance for the Powsche price. If the bulls are unable to break above the SMA, the bears could take over and continue the downtrend. However, increased momentum could trigger a bull rally soon.
Powsche Price Prediction
The Powsche price looks ripe to explode above the bearish channel. The pressure for the bulls is now at the immediate resistance at the 50 SMA. If the bulls break above this average, it will trigger a rally above the channel as the bulls aim at the $0.06505 resistance zone.
However, if the 50 SMA remains resilient in the converse case, it could force the price downwards. In such a scenario, it could force the buyers to retreat to the support zone at $0.002201.
The STARS Presale Zooms Towards $500K – Best Meme Coin?
As the POWSCHE price bulls gear up for a potential rally, investors are flocking to new meme coin Crypto All-Stars (STARS), which has just blasted towards $500K in funds raised. Analysts say this could be the next meme coin to explode after its launch.
Crypto-All Stars is a groundbreaking project that unites top meme coins on a single platform. It features a revolutionary staking system, the MemeVault protocol, which consolidates the most popular meme coins into one place.
The platform also features a VIP list of meme coins, including Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin, with more coins to be added.
Crypto-All Stars Kicks Off Presale, Launches Innovative Staking Feature for Top Meme Coins
A new meme coin presale has just begun – and it’s already going viral. Crypto All-Stars (STARS) launched its presale four days ago, and everyone’s buzzing about … https://t.co/TP6JkjYSow pic.twitter.com/F2yvMP0rMZ
— nickletipping.wiki (@NotAnotherTip) August 14, 2024
Apart from staking other meme coins, you can also buy and stake your STARS tokens, which comes with an impressive annual percentage yield (APY) of 4,213%.
If interested, this is the right time to buy STARS tokens for $0.0013855 using the widget on the official website. However, with a price increase in less than two days, you should hurry to get the meme coin at the best possible price.
Purchase $STARS from its official website here using BNB, USDT, or a bank card.
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