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- 1 The Pulsechain crypto price illustrates bullish characteristics as MACD is above the zero line.
- 2 The PLSX crypto has faced an increase of 11.80% in the last 24 hours and is currently trading at $0.00004780.
Pulsechain is secured by tens of thousands by the validators (community-run) distributed all around the globe. It is known as a cutting-edge blockchain of several blocks that is similar to the known concept of Ethereum cryptos blockchain. Yet, the difference is that it has lightning-fast transactions and consistently lower fees that keep it apart from Ethereum.
According to the Go Pulse website, the supply is 136 Trillion and the market cap is $17 Billion.
The PLSX/USDC crypto token is gradually demonstrating bullish strength and upward tendency as it is trying hard to maintain above the 20-day and 50-day EMAs.
The Pulsechain asset price illustrates bullish characteristics as MACD is above the zero line. MACD is at 0.0000030695, the signal line is at 0.0000039961, and the histogram is at -0.0000009266.
The RSI is above 50, the curve is at 51, and the 14-SMA is at 57, signifying that the PLSX crypto is still in a positive area and can extend further upwards.
Can PLSX Price Thrust Upward Soon?
The Pulsechain asset price is signifying bullish qualities and can increase further upwards in the upcoming future sessions. It has illustrated good performance in the last month, and three months by 15.94%, and 140.02%, respectively.
The PLSX crypto asset has faced an increase of 11.80% in the last 24 hours and is currently trading at $0.00004780. The price structure shows a possibility of a bullish pennant pattern formation on the daily chart.
Therefore, the Pulsechain crypto has been showing signs of a gradual comeback as the price recovered from a critical level of around $0.0000128251 on the chart.
The PLSX crypto appears like it is set for a colossal advancement, as it gears up to crack the resistance level and rocket to new levels from the current support zone.
Therefore, if the demand for the asset surges with great momentum, the asset price could advance more from the current level. The next goal for the crypto price could be to reach $0.000100000.
If the PLSX token price fails to sustain above the $0.0000128251 level, it could decline further.
Summary
The technical analysis shows that the PLSX token is displaying a bullish pattern known as a bullish pennant, and a breakout is possible next in the upcoming sessions. The indicators are showing bullish conditions, at the time of publishing.
Therefore, if the demand for the asset surges with great momentum, the cryptocurrency price could advance more from the current level. The next goal for the crypto price could be to reach $0.000100000.
Technical Levels
Support Levels: $0.0000128251
Resistance Levels: $0.000100000
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
