- The Pikamoon crypto is not trading on any trusted exchange.
- The crypto’s price is down by 50% from its all-time high.
Pikamoon, a new play-to-earn game launched in Nov 2022, aims to be a AAA-grade game with a focus on community and empowering players. Inspired by Pokemon, it positions itself as a challenger to traditional gaming models by offering a decentralized and community-driven experience.
Pikamoon crypto price has advanced by 8.9% in the last 24 hours, and the market cap value of the crypto is $14.37M. Moreover, the market cap ranking of the crypto is #3372. The fear and greed index for the Pikamoon further shows greed among the investors.
The traded volume for the PIKA crypto has further witnessed a decline of 31.9% in the last 24 hours. Also, the value of the crypto’s traded volume is $192.3K, and its trade volume ranking is #2146. It further results in a volume/market cap ratio of 1.35%.
The self-reported circulating supply of the Pikamoon crypto is 7.5B PIKA, which is just 15% of the maximum supply. Moreover, the total supply of the crypto is 50B PIKA, which is similar to its maximum supply. This further results in a fully diluted market cap of $94.66M.
The PIKA crypto hit its all-time high price of $0.003249 nearly 17 days ago, and the price of the crypto has declined by 41.06% since then. Also, the all-time low price recorded for the token is $0.001294, and the cryptocurrency’s price since then has advanced by 48%. The all-time low price was further recorded on April 14, 2024, and the crypto was recently launched a few days ago.
PIKA Crypto Technical Analysis
The price of the PIKA crypto consistently declined in a declining wedge pattern, followed by the formation of lower highs. The price further broke out above the falling wedge pattern but still lacks momentum and is unable to advance to higher levels with a good flow.
Thus, the price of the crypto is facing resistance at higher levels, and the candlesticks formed on the crypto are further depicting weakness in the price of the crypto. The price is currently consolidating inside a small zone, and a breakout in either direction of the crypto can lead to further momentum in the price.
PIKA/USDT Chart by TradingView
The PIKA crypto price trades above the 20-day and the 50-day EMAs while the EMAs are trading in a bearish cross. It further shows that the existing crypto trend is bearish. Furthermore, the candlesticks formed on the 4H timeframe chart support a further decline in the price.
Despite this, the MACD indicator exhibits bullish behavior as the MACD and the signal line have advanced above the zero level. The metrics further are trading in a bullish crossover.
The RSI also supports an uptrend as it has advanced above the 50 level and is trading at a level of 52.35. If the RSI continues to sustain itself above the 50 level, further advances in the momentum of the crypto might be witnessed.
Summary
The Pikamoon crypto, though recently launched, faces uncertainty in its price trajectory due to its absence from trusted exchanges and high volatility. Despite an 8.9% increase in the last 24 hours, it remains down by 50% from its all-time high. Technical analysis suggests a mixed outlook, with resistance at higher levels.
Technical Levels:
- Support levels: $0.000680 and $0.001280
- Resistance levels: $0.00299 and $0.00450
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.