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Pond Coin has been on a pointy correction after creating an all-time excessive earlier this month. Within the final 24 hours, PNDC has dropped 9% to commerce at $0.00000216.
PNDC’s volatility stays excessive, with the coin buying and selling between $0.00000205 and $0.00000241 over the previous day. The 24-hour buying and selling volumes have additionally reached $2.15 million, based on DexTools.io.
Regardless of the plunge in PNDC’s worth, its decentralized change (DEX) platform seems to be gaining momentum.
In a current replace, the platform confirmed having accomplished 54,000 whole swaps, $84,200,000 whole buying and selling volumes, and 5,600 distinctive swappers.
Day 13 Replace: 🔔
~ 54,000 Complete Swaps ✅~ $84,200,000 Complete Buying and selling Quantity 💥~ 5,600 Distinctive Swappers 🤝
Blissful Buying and selling & Blissful Friday!https://t.co/drhxZvjlak
💚💜 https://t.co/BzQp5cwxmO pic.twitter.com/Rc0y2tIjBe
— Pond Coin (@Pond0x) September 15, 2023
Can PNDC Obtain 60% Progress By Yr Finish?
Regardless of the current downtrend, PNDC is among the many trending cash on DexTools.io. Furthermore, the expansion of its DEX platform may contribute to cost features. However, bearish sentiment prevents PNDC from making strong features.
Pond Coin hit an all-time excessive of $0.00000297 on September 2. Because the rally did not proceed, PNDC posted promoting stress, dropping the coin to $0.00000165 on September 10.
$0.00000165 was a great entry level for merchants who missed the earlier rally. Because the coin made a gentle restoration, the uptrend was rejected at $0.0000025.
Pond Coin at present holds help at $0.00000216, mimicking a development final seen on September 14. If this value fails to carry, PNDC will probably drop in direction of $0.0000020.
PNDC made a false breakout to the draw back to the $0.0000020 degree earlier than a swift restoration.
Pond Coin is dealing with resistance at $0.00000236. If it breaks previous this degree, a 60% uptrend is probably going, after which PNDC may get well its current losses.
Sellers Are Dumping PNDC As Bearish Stress Mounts
Promoting exercise for PNDC is excessive, which explains the current value drop. The Relative Power Index (RSI) has witnessed a pointy decline, indicating an inflow of sellers available in the market. Nevertheless, the RSI line exhibits indicators of the promoting stress subsiding.
The bearish momentum is additional highlighted by the Shifting Common Convergence Divergence (MACD) line, which is dangerous. The MACD histogram bars additionally present downward momentum.
The bearish sentiment may stay in play within the brief time period, given the dearth of help from the broader crypto market.
Bitcoin BSC Presale About To Hit $2.8 Million
The Bitcoin BSC presale has picked up momentum and is about to succeed in the $2.8 million mark.
This barely two-week-old presale will quickly hit the smooth cap of $3.96 million, given the speed at which it sells out.
BTCBSC is an thrilling addition to the crypto market amid gloomy circumstances—the token trades at a presale value of solely $0.99 per token.
BTCBSC is predicated on the Binance BNB Chain, and it mirrors the early days of Bitcoin. The mission provides traders a second likelihood to amass an asset with excessive potential at a low value.
Bitcoin BSC differs from the unique Bitcoin because it makes use of a proof-of-stake protocol. Its staking function is gaining momentum, with over 1.38 million BTCBSC tokens staked.
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