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- 1 The PIKA token price delivers range-bound moves and is eyeing the $0.0025000.
- 2 Technical indicators are suggesting a bounce ahead.
The PIKA token price is hovering near the support zone of $0.0022900 and showcased retracement in the past sessions. However, the token attempted to cross the round mark of the $0.003000 range but faced rejection multiple times and stayed close to the resistance zone. The price action shows that the Pikamoon token is trading above the significant moving averages, and buyers are trying for a decisive rebound to retain the upside of $0.003000 in the following sessions.
At press time, the Pikamoon token (PIKA) price was trading at $0.002379 with an intraday drop of 5.47%, reflecting neutrality on the charts. It has a monthly return ratio of 123.90% and 2300.23% on a yearly basis. The pair of PIKA/BTC is at 0.0000000350 BTC, and the market cap is $115.65 Million. Analysts are neutral and suggest that the Pikamoon token price may face range-bound moves and will retest the 20-day EMA mark soon.
This week, the Pikamoon token price remained in a narrow range, and indecisiveness between the bulls and bears was witnessed. The trend signifies neutral price action and a lower high and low structure was noted on the charts. Bulls need to cross the prompt mark of $0.003000 to resume the bullish waves.
PIKA Price To Volume Profile Analysis On Daily Timeframe
On the daily charts, the Pikamoon token price has given a rejection and is trading below the mid-Bollinger band. If the token succeeds in escaping the prompt hurdle of $0.003000, it may retain bullish momentum and will reach the upside of $0.0032000, followed by $0.0035000 in the coming sessions. Conversely, if it slips below the 20-day EMA mark, it may soon retest the 100-day EMA mark near the $0.001800 mark.
The trading volume signified low investor interest and remained average, noting an intraday drop of 12.61% and slipped to $111.90 million. The technical indicators are suggesting a possible retracement move ahead.
The RSI curve stayed in the overbought zone and is heading toward the midline, showing a negative crossover on the charts. However, the MACD indicator shows a convergence of the signal line with the MA line, directing the volatile move ahead.
Per the Fib retracement levels, the token has sustained above the 23.6% zone and may soon retest the 38.2% zone. The total supply of the Pikamoon token is 49.93 billion, and the volume-to-market cap ratio is 0.00622, which stands at 2461 per market cap in the global crypto market.
Summary
The Pikamoon token price trades above the key moving averages and signifies neutral price action on the charts. However, the token delivering the lower low structure implies retracement moves. Amidst the market downturn, the token has hovered in the narrow range and may retest the 20-day EMA mark ahead.
Technical Levels
Support Levels: $0.002300 and $0.002100
Resistance Levels: $0.002500 and $0.002700
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.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
