Ponzio The Cat Price Prediction: PONZIO Goes Ballistic With A 9,580% Monthly Surge, But Experts Say This Base Meme Coin Might Explode Next
The Ponzio The Cat price surged 3% in the last 24 hours to trade at $1,063 as of 00:41 a.m. EST on trading volume that dropped 34% to $2.7 million.
PONZIO has been in a tear in the last month, soaring 9,580%, as the bulls aim to sustain the rally in the coming days.
Ponzio The Cat Price To Continue Rallying
The Ponzio The Cat price rose through a markup phase from August 10 to August 12, as it encountered some resistance at $1,219, according to data from GeckoTerminal .
PONZIO has consolidated below this resistance, forming a bullish flag pattern, as the bulls aim to keep pushing the price over the upper boundary.
The price of Ponzio The Cat now trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the bullish trend.
Moreover, the Relative Strength Index (RSI) seems to be dropping from the oversold level, currently at 48, as it hurtles toward the oversold levels, which is an indication that sellers have the upper hand and that the asset could be undervalued.
With the token being undervalued, this could be a buying signal for the bulls, which could then push the token above the flag, as they target $1,400.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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