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- 1 The PIKA token price has retested the range neckline support zone near the 50-day EMA mark.
- 2 The bulls are awaiting a rebound and are holding the gains.
The PIKA token price signifies roller coaster moves and has retested the neckline support region of $0.00000001300 and shows consolidating moves this week. Moreover, the trend is favoring the bears, and the price action indicates the sell-on-bounce action, which led to rejections in the past sessions. Additionally, the token depicted a double top formation and may soon break the neckline support zone of $0.00000001100.
At press time, the PIKA token (PIKA) price was trading at $0.00000001365 with an intraday gain of 0.41%, reflecting neutrality on the charts. It has a monthly return ratio of 42.29% and 129.90% on a yearly basis. The pair of PIKA/BTC is at 0.000000000000211 BTC, and the market cap is $5.71 Million. Analysts are neutral and suggest the PIKA price may face consolidation and will soon retest the support zone of $0.00000001000.
For the past weeks, the PIKA price has remained in a narrow range, and indecisiveness between the bulls and bears has been witnessed. Despite the range breakout, the token did not extend the bullish waves and faced rejection from the supply region of $0.00000002500, leading bulls to panic.
PIKA Token Price To Volume Profile Showcasing Neutrality
On the daily charts, the token is showing low volume activity and is witnessing retracement moves for the past sessions. Recently, the token has seen a range breakout and has retested the neckline hurdle of $0.00000002500 but failed to exceed and faced rejection. Amidst the bull run in the crypto market, the token stayed in a narrow range and continued to hover.
The Relative Strength Index (RSI) curve stayed below the midline and headed toward the oversold region, witnessing a negative crossover on the charts. Moreover, the MACD indicator shows a bearish crossover and suggests an underperforming outlook for the following sessions.
Per the technicals, the PIKA token price has been fluctuating and is in the range between $0.00000001000- $0.00000002000, and it did not succeed in escaping out of the seller’s vision. Amidst the range breakout, the sellers did not let it go and pushed the token again toward the origin, leading to a roller coaster ride for the token.
The total supply of the PIKA token is 420.69 trillion, and the volume-to-market cap ratio is 0.00405. Per the Fib levels, the token has stayed above the 23.6% zone but is below the 38.2% level.
Summary
The PIKA token showcases consolidation moves and has retested the range support zone of the $0.00000001300 mark. Additionally, the price action signifies low-volume buying, which led to range-bound moves for the past sessions.
Technical Levels
Support Levels: $0.00000001200 and $0.00000001100
Resistance Levels: $0.00000001460 and $0.00000001580
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
