- PLS crypto price has triggered a pullback after the breakout.
- PulseChain coin price has surged by 170% in the past two months.
PulseChain (PLS) price has been in a strong bullish trend and is up by 170% in the last few months which indicates the buyers’ dominance. On a wider time frame, the PLS crypto price has been in a bearish trend and recorded an all-time low in December 2023.
But in the short term, the PLS crypto price has been in a bullish trend after a consolidation phase of approximately 6 months. According to the technical chart, the price seems to have recovered half of the previous losses, and still buyers are in control.
Current Price – 0.000160 Fear & Greed Index – 90 (Extreme Greed)
Market cap – $2.24 billion Price Prediction – 0.000173 (14.39%)
Volume – $0.33 million Green Days – 16/30 (53%)
Sentiment – Bullish RSI – 55.38
Volatility – 8.93% 200-day SMA – $0.000062
According to our technical analysis, the PulseChain price is predicted to gain 14.39% to reach $0.000173 by March 10, 2024. The fear and greed index is 90 (extreme greed) and the volatility is 8.93%. The Pulse Chain coin price has remained positive for 16 days in the last 30 days.
PulseChain Crypto Price Has Formed an Ascending Triangle on Daily Timeframe
The PulseChain price has been in a bullish trend and has formed an ascending triangle pattern on a daily time frame. Recently, the PLS coin price gave a breakout from the ascending triangle but failed to sustain. It has dropped back to the resistance level of $0.000150.
If the PLS coin price slips below the $0.000150 level and sustains then sellers may dominate and most of the buyers may get trapped at high. But, if the PLS crypto price fails to defend the trendline then selling pressure and be seen and a bearish trend can be initiated.
On the other hand, if the PLS price triggers a pullback and manages to surpass the recent high, it may continue the bullish trend and head to an all-time high.
Technical Analysis of PulseChain Price Over 4-H Timeframe
PulseChain Coin price has been rising through an inclining channel and bulls are in grip. If the price slips below the channel and sustains then sellers may dominate and a bearish trend can be initiated.
Alternatively, if the price rises and gives a positive breakout from the channel and the chart structure manages to attract the buyers then the bulls may dominate and a bullish trend for the short term can be expected.
The current market price of PLS is $0.0000160 which has risen by 5.40% in the last 24 hours. The market capitalization is $2.24 Billion and the trading volume for the past 24 hours is $0.33 Million.
Conclusion
Based on the technical analysis, the PulseChain price seems to be in the grip of bulls but the sustainability of this trend is yet to be seen. The PLS crypto price has been rising through an inclining channel and has formed an ascending triangle pattern on a daily time frame. If the price manages to surpass the recent high, it may continue on the bullish trend and head to an all-time high.
Technical Levels
Resistance Levels: $0.000170 & $0.000225
Support Levels: $0.000150 & $0.000120
Disclaimer
This article is for informational purposes only and provides no 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.