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Two notable cryptocurrencies, ApeCoin (APE) and Immutable (IMX) have recently faced a significant setback as they breached crucial support levels. The price drop has led many investors to reevaluate their positions and turn their attention to the rising star, Pomerdoge (POMD).
ApeCoin (APE) Faces Resistance At Former Support
As the crypto market turned bullish over the recent Grayscale victory, the ApeCoin token’s price experienced a significant surge of nearly 9%. Unfortunately, the prevailing dominance of bears was evident on the price chart, dragging the ApeCoin value lower.
The bearish trend has forced the ApeCoin price as low as $1.42 and the weekly chart remains bearish. In mid-August, ApeCoin’s value plummeted from a higher of $2.216 to $1.66. Despite price gains, ApeCoin bulls have failed to break the $1.5 resistance level.
ApeCoin bulls must push the token above the $1.5 resistance level to increase the chances of a price rally. On the other hand, if ApeCoin drops below $1.3, bears may attempt to drag it down to $1.00.
Immutable (IMX) Drops Below the $0.6000 Support
Immutable has consolidated between $0.6000 and $0.8000 for the past few months. Although bulls tried to break the upper range, they failed several times. However, the Immutable X price has yielded to bearish pressure, dropping below the $0.6000 support.
The lack of activity in the Immutable marketplace is also a reason for the ongoing decline. ImmutableX’s trading volume has dropped by 96.50%, highlighting the fall in market activity. The RSI value is at 29.65, which indicates that the IMX market is in an oversold position.
Pomerdoge (POMD) Emerges As Investors Best Pick For September
Pomerdoge (POMD) stands ahead of Apecoin and ImmutableX with its bullish price trajectory. This bullish price movement has garnered significant attention from investors within the crypto community. Impressively, the project has successfully sold nearly 200 million tokens.
The meteoric rise of POMD to prominence is due to its foray into the billion-dollar gaming industry. The project’s main objective is to fuse real-world utility with the captivating features of meme coins and Play-to-Earn (P2E) tokens. Analysts believe this strategic move will position Pomerdoge above other meme coins like Dogecoin and Shiba Inu.
An integral element of Pomerdoge’s upcoming ecosystem is Pomergame, where users can engage in gameplay and reap rewards. This thriving ecosystem will also host a marketplace and a combat arena known as Pomerplace. Here, players can seamlessly trade their collectibles and other in-game assets.
Notably, these NFTs are fixed for 0.02 ETH. However, only Pomerdoge token (POMD) holders will gain access to those NFTs. POMD is the native token that drives the entire ecosystem. Hence, it is the best time for investors to invest in the Pomerdoge token. It is currently available at just $0.0115 and will soar as high as $0.35 after its launch.
Find More about Pomerdoge Presale below:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge
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