Market analysts and investors are currently monitoring the price movements of three tokens – BNB (BNB), Kucoin (KCS), and Pomerdoge (POMD). They are hoping for BNB and Kucoin to regain the previous price levels they lost due to bearish pressure. On the other hand, investors are looking at Pomerdoge as analysts forecast a price pump of $0.035.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
BNB (BNB) Faces Stiff Resistance on Its Way to $300
BNB (BNB) has been trading sideways for the past three weeks. According to CoinMarketCap, it is trading at $240.79 by press time, a 0.13% price increase in the last 24 hours.
Currently, BNB is trading below the 50-Day SMA ($241.83) and 200-Day SMA ($289.72) which could act as resistance moving forward. Similarly, BNB’s RSI value is at 45.87 and could plunge deeper in the coming days.
This makes BNB’s chances of soaring to $300 quite low. However in a bullish outlook, if the coin price gives an upside breakout from the $248.3 resistance, the buyers will get a strong footing to rise higher. The potential upswing could raise the altcoin 9% higher to reach $270.
Kucoin (KCS) RSI Close To the Oversold Region
KuCoin (KCS) has been in a weak bullish trend on the weekly chart trading at $5.58. However, on the daily chart, it has shown minimal price gains. Since Kucoin fell from the $6 level a few weeks ago, it has been trading in the $5 range.
Bulls have made several attempts to force a price rally toward the $6 mark but have failed. According to technical indicators, Kucoin is trading below the 50-Day SMA ($6.06) and 200-Day SMA ($7.56). If the price jumps above the threshold, then a strong upside trend in the future can be seen.
However, attaining such a feat will require a large influx of investors which is very unlikely. Besides, Kucoin’s RSI has been on a steep decline and is at 30 and could fall into the oversold region.
Pomerdoge (POMD) Aiming For $0.35
Pomerdoge is an innovative Web3-based gaming project that has captured significant market attention. It gears up to unveil Pomergame, a play-to-earn (P2E) game that promises substantial advantages for players.
POMERDOGE PRICE INCREASING!
— Pomerdoge (@pomerdoge) August 13, 2023
What can we say #pomercrew! We started presale just over two weeks ago and have already raised almost $750,000!
The price will increase to $0.009 on Thursday the 17th of August at 19:00 UTC
In the coming days (a week or two) we will be showing you… pic.twitter.com/uCvahatIgN
Interestingly, players will be able to craft their avatars and elevate them to elite status. An intriguing twist emerges for owners of the esteemed gold status Pomer. This status will grant them the privilege to trade skins and other coveted in-game assets on Pomerplace. Notably, Pomerplace will function as a marketplace and a battle arena with rewards for players.
Additionally, Pomerdoge plans to introduce a limited collection of 7,777 NFTs during the presale phase. These exclusive digital treasures, however, will be solely for holders of the Pomerdoge token. Currently, the price of a Pomerdoge token is $0.008 and is expected to reach $0.35 by September
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge