- 1 The Ponke price is trading in the bullish zone above the key moving averages.
- 2 The meme coin had shown a gain of 2113% from its all-time low price.
- 3 The social metrics of the meme coin have surged in the last few sessions, demonstrating increased discussion in the crypto media.
Ponke is making buzz in the market with its impressive performance. This meme coin grew by 217% in a month, showcasing bullishness and making a fortune for their investors. However, after hitting its all-time high (ATH), the meme coin faced a mild weakness on the daily technical chart.
PONKE Social Dominance & Social Volume Spiked Again
After taking a dip, the PONKE social dominance & social volume spiked again, showcasing that this memecoin is again a hot topic in the crypto media and getting attention.
The increased social dominance & social volume define that the discussions, mentions, and posts about the PONKE are increased on social media platforms like X, Reddit, and Telegram. If social metrics surge more, it affects the price positively.
Will the PONKE Price Break the $0.58018 Level?
PONKE is trading in the bullish zone, heading in an upward direction by making a higher high structure. After a mild weakness and a minor correction, the memecoin bounced back by taking support on the 50 EMA level.
When writing, the PONKE was trading at $0.4601 with an intraday gain of 12.73%. Its market cap stands at $197,751,049, and the 24-hour trading volume is $40,599,736, with a 40% surge. The increase in the trading volume demonstrates that the meme-coin is witnessing increased buying and selling activity.
Moreover, Ponke demonstrated an outstanding performance that grew by 217% in a month, 27% in a week, and more than 704% in the last 6 months, showcasing bullishness in the crypto.
If the PONKE price surpasses the $0.58018 level, it could start a new bullish rally. Moreover, the main resistance for the crypto is $0.5200 and $0.58018. The main support levels for this meme coin are $0.41431 and $0.32434.
Decoding the Indicators of the PONKE Price
PONKE is trading beyond the key exponential moving averages, showcasing bullishness on the daily technical chart.
The RSI curve is at 59.59, and the 14 SMA curve is at 59.20, both close to the overbought zone showcasing bullishness. Moreover, the famous trend indicator super trend also shows the bullish momentum in the Ponke meme coin price.
According to the TradingView technical summary for the daily time frame, out of 25 indicators, 2 are giving a sell signal, 9 are on the neutral side, and 13 are signaling a buy indication. Overall, the weightage is on the buy side, showcasing bullishness.
Summary
At the time of writing, the PONKE meme coin price is trading in the bullish momentum above the major exponential moving averages showcasing bullishness. Moreover, indicators like MACD, RSI, and supertrend point to bullishness in the crypto price. PONKE has a good social media community. Thus, the social metrics are also increasing, positively impacting the price.
Disclaimer
The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.
