Pulsechain Price Forecast: PLS Pumps 54% In A Week As This Meme Coin Readies To Capitalize On Bitcoin’s Biggest Ever Bull Run

Pulsechain price is up 54% in the last week, trying to nurture a recovery rally after a 90% fall. At 9 am EST it was trading at around $0.000068.

After finding support at $0.1232, the cryptocurrency again pushed north, with 3% gains in the day. However, trading volume has dropped 25% in the last 24 hours, but PLS token holders remain bullish.

Pulsechain Price Prediction As PLS Tries To Recoup Lost Ground

Pulsechain price is attempting a recovery rally after a 50% weekly surge. However, it would require much effort from the bulls, considering the Relative Strength Index (RSI) remains below the 50 level. With this, the odds continue to favor the bears, with the PLS uptrend likely to delay.

Traders who bought PLS tokens before the 54% surge will likely start booking early profits after a break above the $0.2000 psychological level proved premature. The ensuing selling pressure could send Pulsechain to the floor price of around $0.1232.

Technical indicators also corroborate the bearish thesis, with the RSI deviating to the south after a rejection from the 50 midline. Its inclination south shows buyer momentum is falling and culminates in PLS retesting the floor price.

The Awesome Oscillator (AO) indicator is also in the negative zone, indicating that bears have more say in the PLS market than bulls.

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Pulsechain Alternative

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Also Read:

• New Stake-to-Mine Crypto Presale With Potential For High Returns
• Traders Flock To New Crypto Presale With Launch of Stake-to-Mine Protocol – $BTCMTX
• Bitcoin Minetrix Price Prediction – BTCMTX Price Potential In 2023

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