- The POKT/USDT price is currently trading at the $0.03202 level while observing an increase of 1.30% during the intraday trading session.
- POKT coin price will break the $0.02086 price level after it reaches the resistance of $0.04137.
- The pocket coin retested the 100-day EMA while trading below its 200-day EMA.
The POKT/USDT price is currently trading at a $0.03202 price level, observing an increase of 1.30% during the intraday trading session, with a year-to-date decrease of -44.83% and an increase of 15.30% during a monthly session. The coin price is totally trading in a downtrend. So this token’s trend is bearish.
However, for a short period of time, the POKT coin price will go to the resistance level of $0.04137. After successfully touching that level, the price will drop to its lowest support level at $0.02086. The price is now taking support at a minor resistance level of $0.03177 for striking the major resistance level.
Source: POKT/USDT by Tradingview
Previously the coin price broke down the lowest support level at $0.02491 and formed a new low. The price will continue trading in a downtrend until it shows some bullish impulsive movements. Otherwise, it will be good for short-term buying and long-term selling.
The price is trading in the middle of the bearish rally that started at $0.04366 and ended at $0.02079. It will probably go for that resistance level because this bullish movement does not have more than 1 red candle.
Will Poket Network Change To Uptrend?
The Pocket coin recovered almost 53.85% during the last two months. The trend will change, but for a short span because the coin has been trading in a downtrend for a very long time. The price may trade in an uptrend but not for too long.
The price took support from a middle resistance level of $0.03177. It will continue to rise with strong bullish momentum until $0.04137.
Do EMAs Become Support for the POKT Coin Price?
Source: POKT/USDT by Tradingview
The coin price is currently trading at the $0.03184 level, above 20, 50, and 100-day EMAs and below its 200-day EMA. It signifies that the trend can change toward a bullish direction. The MACD also showed high volume on the bullish side, averaging with its signal lines and indicating that the price might become bullish.
RSI is showing some raw strength toward the bullish scenario without having any divergence. Both the lines are averaging above the middle band at 57.41 and 51.80. It indicates the buyers have more strength in the current range as compared to sellers.
Technical Levels
- Resistance levels: $0.04137 and $0.04812
- Support Levels: $0.02737 and $0.02086
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.