Bullish Outlook for Pundi X as Buyers Aim to Undo Recent Losses

Insa Monroe

Bullish Outlook for Pundi X as Buyers Aim to Undo Recent Losses

Aug 9, 2023 11:07 PM

Blockchain, Crypto, Crypto – A.I., Crypto Analysis, Crypto Market, Crypto Regulations, Crypto Technology, Financial

Summary of Content

Pundi X is showing signs of a bullish trend, with buyers looking to take advantage of recent losses. Technical analysis suggests that the altcoin is poised for an upswing.

Key Points

Pundi X price has formed a bullish cup-and-handle pattern, indicating a potential bull run.
The first hurdle for the price is the 50-period simple moving average (SMA) at $0.3859.
Additional barriers include the $0.390 psychological level, the 100 SMA at $0.3908, and the 200 SMA at $0.3943.
A highly ambitious target for Pundi X is $0.3952.
The Relative Strength Index (RSI) suggests that the bulls are returning to the market.

PUNDIX Alternatives

Investors waiting for a decisive close above the cup’s neckline can consider investing in other cryptocurrencies. yPredict is an AI-driven blockchain network that aims to provide data-driven insights for informed decision-making in crypto trading. The platform has secured $3.4 million through its ongoing presale campaign.

Key Elements of the yPredict Analytics Platform

Pattern Identification: Automatically recognizes and notifies traders about more than 100 chart patterns.
Sentiment Assessment: Examines news and social media content to provide an overarching sentiment overview.
Indicator Evaluation: Presents only technical indicators with strong recent performance.
Transaction Examination: Produces valuable insights by analyzing transactional and tick data for each asset.

Hot Take

Read Disclaimer

This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.

Pundi X shows signs of a bullish trend, making it an attractive option for crypto traders. However, investors should also consider alternative options like yPredict, which offers AI-driven insights for informed decision-making in the crypto market.

Insa Monroe

Author – Contributor at Lolacoin.org | Website

Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.