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- 1 After a bearish week, Pikamoon crypto is back in the game and breaks above the key moving averages.
- 2 PIKA crypto price is bullish as it trades above the key moving averages.
Pikamoon marks a transformative stride in the realm of Play-to-Earn gaming and the user-centric Metaverse.
Emerging from the collective gaming fervor and visionary aspirations to disrupt the web3 domain, Pikamoon sprang to life in November 2022, the brainchild of three gaming enthusiasts. Drawing inspiration from legendary titles such as Pokémon, they embarked on a mission to craft a top-tier play-to-earn experience that stands out from the crowd.
Pikamoon transcends the conventional gaming paradigm, rebelling against the norm to present a decentralized, community-driven platform that truly empowers its players. The ecosystem’s currency, $PIKA, is more than just a token; it’s the lifeblood of the Pikaverse, a deflationary GameFi asset with tangible value and multifaceted utility.
Players can invest $PIKA within the game’s marketplace to acquire premium items, enhancing their journey through the Pikaverse. By completing quests, players can accumulate $PIKA, facilitating the advancement and evolution of their digital personas.
Technical Analysis Of Pikamoon Crypto Price
An analysis of the Pikamoonprice suggests that the PIKA cryptocurrency is currently on an upward trend after breaking out of a bearish market. The technical chart reveals that the price is trading above critical EMAs, indicating a positive outlook. Still, the trading volume has fallen slightly, which may indicate a dip in buying and selling activity.
Assuming the price level continues to gain buyer support, it may rise in the coming weeks and reach higher levels. The immediate support level for the token is approximately $0.0016978, and compared to other major cryptocurrencies, the PIKA crypto chart looks stable.
To achieve the expected target, buyers have a good chance of success if the price stays above the crucial support zone, favoring the bulls. The crypto is worth $0.0019, and its market capitalization is roughly $14.56 million.
The Pikamoonprice has been on a bullish trend for several months, consistently finding support from the bulls after its breakout. Based on the historical price action, the support level has played a crucial role in the demand zone.
Pikamoon crypto (PIKA) is presently trading above the key exponential moving averages (EMAs), which are providing support to the price momentum. If the buying volume increases, the price may gain bullish momentum by forming higher highs and achieving new highs. Therefore, the Pikamoon price is expected to move upwards, highlighting a bullish trend over the daily time frame chart.
Summary
The PIKA cryptocurrency of Pikamoon has broken above the key moving averages, indicating a positive outlook. Pikamoon is a decentralized, community-driven platform that offers a play-to-earn experience to its players. PIKA is the ecosystem’s currency, with tangible value and multifaceted utility. The Pikamoonprice has been on a bullish trend for several months, with consistent support from the bulls. The immediate support level for the token is approximately $0.0016978, and the PIKA crypto chart looks stable compared to other major cryptocurrencies.
Technical Levels
Support Level: $0.0013415
Resistance Level: $0.0025000
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
