Pocket Network Price Prediction: POKT Skyrockets 262%, While The Solaxy Presale Heads For $50M As Listing Nears

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Pocket Network Price
Pocket Network Price

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The Pocket Network price Prediction has surged 262% in the last 24 hours to trade at $0.0489 as of 7:15 a.m. EST on a 5,407% increase in its daily trading volume to $26 million.

The price increase occurred after Upbit announced the addition of the POKT/KRW trading pair to its exchange.

Following the price surge, POKT saw historic volume, flipping old resistance into solid support. 

Pocket Network Price Reclaims December High – Still Far From ATH

The chart shows POKT/USD on a 6-hour timeframe, and the price is currently at $0.07, following a 262% pump. High of the run was $0.094. 

POKT just broke out of an ascending triangle pattern today, which is a bullish signal. However, despite the surge, the token is still 98% down from its previous all-time high price of $3.11.

After the breakout, the POKT price is still rallying higher, as the news just broke about 12 hours ago. At the current price, POKT just reclaimed a December 2024 high and is looking like it might pause there for some time.

Pocket Network Price

POKTUSD Analysis Source: Tradingview

Indicators Show Bullish Momentum Still Intact

Technical indicators ran wild following the price surge, and they indicate that the POKT price is not yet done running. The RSI (Relative Strength Index) surged to 94.13, which is in overbought territory, indicating a potential pullback. However, in an over 262% run, this kind of heat is expected.

Meanwhile, the MACD (Moving Average Convergence Divergence) is also bullish, indicating that momentum remains strong. However, if POKT can’t hold above $0.0715, we might see a dip to the next support at $0.03, which would be a 55% drop.

If the Pocket Network price breaks past and closes above the $0.715 resistance, it could target the next major resistance around $0.25. That’s another 291% gain from here.

But if the bears take over, we might see a correction to $0.030 before the next leg up. POKT’s fundamentals are solid, and with the market sentiment this lit, More gains could be on the way.

Solaxy Presale Hurtles Toward $50M – Only 16 Days Left!

As investors book profits from Pocket Network’s breakout, Solaxy (SOLX), Solana’s first-ever Layer-2 scaling solution, is heading for $50 million in funding with only 16 days left in its presale.

Although Solana churns thousands of transactions per second, it’s not perfect. During peak times, the network can get clogged. That’s where Solaxy comes in. 

This Layer 2 solution works like a turbocharger for Solana, processing transactions off-chain, bundling them up, and sending them to Solana’s mainnet for final approval to cut congestion, speed things up, and keep fees low.

Solaxy is also building a bridge to Ethereum, to let assets flow seamlessly between the two blockchains. This means developers can tap into Ethereum’s deep liquidity while keeping Solana’s lightning-fast transactions. 

The Solaxy team is moving fast on development, even during the presale. They’ve already launched a testnet, a blockchain explorer, and a testnet bridge using Hyperlane, which lets users simulate moving SOL or ETH into Solaxy’s ecosystem. 

The team is also aiming for an ambitious 10,000 transactions per second on the mainnet. Their Igniter Protocol, a no-code token launchpad, lets anyone create tokens that trade instantly on Solaxy’s upcoming DEX.

These are all reasons why crypto YouTube channel 99Bitcoins, with 723K subscribers, predicts SOLX could skyrocket 100X after launch.

With a little over 16 days left in the presale, which has raised $42.4 million in funding, SOLX tokens are priced at $0.00174 and can be bought with crypto or a bank card. 

Investors can also stake them for a huge 95% annual percentage yield (APY). 

Visit the Solaxy website to learn more.

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