- The PNK coin price shows signs of reversal at the current market price of $0.01934000.
- The overall technical indicators summarize positive signals.
Kleros (PNK) is an online open-source dispute resolution protocol launched in July 2018. This decentralized dispute resolution project uses blockchain and crowdsourcing to adjudicate disputes fairly. It functions as the economic incentive for jurors and gives them voting power tied to the number of tokens they hold.
PNK Coin Price Has Delivered 200%+ Returns in 5 Years
Like many other cryptocurrencies, the PNK coin price has also shown its strength in October 2023. The price surged more than 140% from the $0.01307053 last support level, which attracted many buyers to come to the market.
The PNK coin price has created a resistance of $0.0308933 with a single spike on 2 December 2023. Despite the buy liquidity being swiped this single candle spike, it respected the bullish sentiments in the market.
Regarding the price action, the demand zone of $0.01421865 got a positive reaction from the crypto traders, which is currently playing as an important demand zone for the next potential upward rally.
The PNK coin price is trading at the $0.01938900 level and is currently above 397.01% from its all-time low level. The trading volume for 24 hours has increased by 14.14%, ranking 1261th among the 8811 active cryptocurrencies.
Technical Analysis of the PNK Coin Price
The PNK coin price is above the 50-day and 200-day EMAs, indicating a minor positivity. Both EMAs’ recent bearish crossover doesn’t show enough strength to fall in the current trading session.
According to the price structure, the PNK coin price has given a positive return of 66% after a bullish reaction from the $0.01421865 demand level. Subsequently, it resisted at $0.02470148 and fell to the demand level of $0.01791260.
The price formed bullish candles from the $0.01791260 support level in the last few trading sessions, reflecting the buyers’ presence. It is moving toward the $0.02070314 level and can reach the $0.02470148 resistance level.
The relative strength index (RSI) slope reflects internal bullish divergence, which intrigues many buyers in the current trading session. The RSI slope is at 51.08 above the signal line and the 50-mark middle band.
Conclusion
Overall, the PNK coin price is trading between $0.02070314 and $0.01791260. Whichever side it breaks, the movement will be toward that direction. However, it has strong reactions from the demand zone of $0.01791260. Therefore, it is likely to break above the $0.02470148 resistance level.
Technical Levels
- Resistance Levels: $0.02070314 and $0.02470148
- Support Levels: $0.01791260 and $0.01307053
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.
