- The Pikamoon coin price fell to the 20-day exponential moving average.
- Pikamoon price has declined by 46% in the last 10 days.
Pikamoon price recorded an all-time high of $0.00479 on March 22, 2024, but failed to sustain amid bearish momentum. According to the chart, the Pikamoon coin price has been facing resistance from the $0.00300 hurdle and further bears are dominating for the short term. The price has declined by 56% from its all-time high.
The Pikamoon price has dropped by 46% in the past 10 days and is currently taking support on the 20-day exponential moving average. The trading volume has kept declining from $400 Million to $100 Million in the last 10 days which has left a negative impact on the PIKA price.
Current Price – $0.00205 Fear & Greed Index – 71 (greed)
Market cap – $15.13 million Green Days – 07/15
Volume – $367K Price Prediction – $0.00251 (23.40%)
Sentiment – Neutral RSI – 55
Volatility – 8.36% 20-day EMA – $0.00193
According to the technical analysis, the Pikamoon crypto price is forecasted to gain 23.40% to reach $0.00251 by April 11, 2024. The fear and greed index is 71 (greed) and the volatility is 8.36%. The price has performed positively for 7 days in the past 15 days indicating the neutral momentum.
Turning to the technical indicators, the Pikamoon crypto price is trading over the 20-day moving average indicating the buyers’ strength. RSI is 55 and a bearish crossover has been generated between the RSI and RSI-based moving average showcasing the negative forecast. Overall, the technical indicators favor the neutral momentum.
Technical Analysis Of Pikamoon Crypto Price On Daily Timeframe
Pikamoon’s price is trading at $0.00205 which has dropped by 12.49% in the last 24 hours. The circulating supply of Pikamoon crypto is 7.50 billion PIKA and the fully diluted market cap is $102.71 Million. The market capitalization is $15.13 Million and the trading volume for the past 24 hours is $367K. The maximum and the total supply is 50 billion PIKA.
According to the chart structure, the Pikamoon coin price has been struggling between the $0.00300 and $0.00200 mark for the last few weeks. Suppose the price fails to defend the 20-day exponential moving average sellers may become confident which may lead to a bearish trend.
On the other hand, if the price starts trading over the $0.00300 mark and trading volume increases then buyers may dominate and it may extend to the last swing high. If the Pikamoon price chart structure manages to invite investors then the price may record a new all-time high and may keep surging.
Pikamoon Price Chart Has Formed A Descending Triangle Pattern On The 4-H Timeframe
Pikamoon price chart has formed a descending triangle on a 4-H time frame. Suppose the price triggers a breakout from the trendline and sustains then the price may gain bullish momentum. If the trading volume increases then the Pikamoon coin price may mark a new all-time high soon.
Alternatively, if the Pikamoon crypto price slips below the support level of $0.00200 selling pressure can be expected. If the Pikamoon crypto price trades below the 200-day EMA long term selling pressure is likely to be seen.
Conclusion
Based on the technical chart, the Pikamoon crypto price has declined by 56% from its all-time high. The price has been facing resistance from the $0.00300 hurdle and has declined by 46% in the last 10 days. Technical indicators favor the neutral momentum. Currently, the Pikamoon price is taking support on the 20-day EMA, and if it triggers a breakout from the trendline, buying momentum for the next few weeks can be expected.
Technical Levels
Resistance Levels: $0.00300 & $0.00480
Support Levels: $0.00200 & $0.00160
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.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.