Pond Coin (PNDC) Sees Decline, but Bulls Could Exploit Bullish Triangle for Gains
The value of Pond Coin (PNDC) has experienced a notable decline in the past 24 hours, asย ofย now sitting at $0.000001679, down 9% for the day. The volumeย ofย trading for PNDC in theย previousย day has likewise decreased by 30% to $1.6 Million. This decrease in investor interest may affect the coinโs attempts at recovery.
Nonetheless, regardlessย of theย present decline, Pond Coin remains positiveย trend in the longer timeframes, with a 40% increase in value compared to 7 days ago. Numerous investors and traders believe that this dip is aย chance to accumulate more PNDC and potentially profit from future price increases.
Pond Coin Bulls Could Exploit Bullish Triangle for 150% Gains
The price action of PNDC has resulted in the formation of an ascending triangle on the daily chart. This pattern occurs when an assetโs price shows a series of higher lows and relatively equal highs. Confirmation of this pattern comes with a decisive close over the resistance line of the triangle.
If PNDC can close over the triangleโs resistance line at $0.000002737, itย might experience a breakout and potentially rise to the technical target of $0.000004430. This would represent a 157% climb from theย present price.
Promising PNDC Alternatives
Bitcoinย (BTC) BSC (BTCBSC) is an innovative project that allows cryptocurrency investors to buy a BTC-like token at a cheaper price. BTCBSC shares similarities with Bitcoinย (BTC) but offers additional features such as staking rewards, eco-friendly mining practices, and integration with decentralized applications (dApps).
During the presale, BTCBSC is offering 29% of its total supply (6.125 Million tokens) at $0.99 per token. The project is gaining traction, with over $230,000 raised in just a few days. Followingย the presale, BTCBSC tokens can be traded on a BNB Smart Chain DEX.
Hot Take
Althoughย while PNDC is asย ofย now experiencing a decline, thereย is probable for positiveย trend gains if it can break out of the ascending triangle pattern. Nonetheless, investors may likewise consider exploring alternative digitalย currencies like BTCBSC, which offers similar tokenomics to Bitcoinย (BTC) with added features and probable for growth.
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.
