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Regardless of a robust bearish sentiment, Pond Coin (PNDC) is among the many trending cash on DexTools.io. In simply 24 hours, PNDC has dropped by round 4% to commerce at $0.00000196.
Pond Coin has been on a gentle downtrend since September 19. Whereas the present pattern exhibits the potential of a reversal, as merchants accumulate on the low worth, the customer assist must be sturdy sufficient to imitate a rally seen this month.
PNDC’s buying and selling volumes within the final 24 hours are $1.55 million. Volatility is delicate, as the worth trades within the vary of between $0.00000184 and $0.00000205.
PNDC continues to be holding 30-day beneficial properties of 21%. The all-time excessive degree of $0.00000297 stays a far attain given the inactivity within the broader crypto market.
One optimistic growth within the Pond Coin ecosystem is its DEX platform’s development, which has posted 69,000 swaps and $90 million in complete volumes.
69,000 swaps ✅$90,000,000 complete quantity ✅
D🤝Xhttps://t.co/drhxZvjlak pic.twitter.com/y4trR4ZNOd
— Pond Coin (@Pond0x) September 20, 2023
PNDC Posts A Bearish Sentiment As Bears Take Management
PNDC’s worth motion is bearish, with the latest 4% drop in simply 24 hours. The seven-day drop at present stands at 20% as the worth continues a gentle correction after an honest rally earlier this month.
After creating a number of inexperienced candles over the previous day, PNDC seems prepared for an additional rally. The $0.00000189 degree appears to be a wonderful entry degree for merchants. If many purchase orders have been set at this worth, a breakout could possibly be on the horizon.
Nevertheless, there seems to be uncollected liquidity at $0.00000174, and bears may push PNDC decrease to this worth.
An important resistance degree lies at $0.00000199. On September 21, a liquidity seize pushed PNDC’s worth to $0.00000207 earlier than a swift correction.
Will PNDC Climb 20% As Purchaser Assist Holds?
The Relative Power Index (RSI) exhibits patrons are liable for PNDC’s worth motion. The RSI sits at 47, a impartial zone between patrons and sellers.
The RSI line has sharply moved to the upside, indicating that purchasing stress is constructing. The motion of the RSI line is bullish because it signifies the probability of a short-term upswing.
Alternatively, the Shifting Common Convergence Divergence (MACD) line is bearish as it’s at present on the opposing aspect. Nevertheless, the MACD line can be tipping north, and the histogram bars are inexperienced, displaying the potential of an upswing.
Wall Road Memes Set To Explode After Elevating Over $25M In Presale
There’s a lot hype across the Wall Road Memes presale that has raised greater than $25M since its launch in late Might. The presale now has solely three days left earlier than closing.
1 WSM at present trades at $0.0337, with the token set to blow up as soon as it hits exchanges. WSM will debut on exchanges on September 27, and given the curiosity that the presale has obtained, the itemizing may set off large beneficial properties.
The Wall Road Memes staking dashboard additionally exhibits the pool gaining momentum. In accordance with the staking dashboard, greater than 369 million WSM tokens have been locked up.
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