- The price volatility of the Ponke crypto is exceptionally high.
- The largest holder of the crypto holds 7.45% of PONKE tokens.
PONKE, built on the Solana blockchain, offers 555 million tokens, targeting online traders and gamers with fast transactions and low fees.
Its integration into major exchanges ensures accessibility. Emphasizing community engagement, PONKE features tools like a ‘helmet’ and active social media channels to foster a strong user community.
Ponke Token Overview
PONKE crypto has excellent liquidity and a volume/market cap ratio of 12.72%. Also, the crypto’s circulating supply is 429.777M PONKE and a fully diluted market cap of $234.993M.
When writing, the value of the traded volume for the crypto has witnessed a decline of 24% over the last 24 hours. It resulted in a traded value of $23.502M, and the volume ranking of #242.
The fear and greed index is at 75, indicating investors’ greed. Also, the market cap dominance of the Ponke is 0.01%.
The total supply of the crypto is 555.548M PONKE, while the maximum supply of the crypto is not defined. This cryptocurrency’s market cap is $180.182M and it is the 336th largest cryptocurrency in the global crypto market.
PONKE Crypto Technical Analysis
The PONKE crypto price is witnessing profit booking from the higher levels and has declined by 25% from the higher level of $0.5777.
The PONKE crypto price has been following a strong uptrend on the daily chart for a long time. This behavior of the price showed the bulls’ dominance in the price over a long time.
Following the most recent price action, the PONKE crypto price has formed a small zone, and it is trading inside that zone. Thus, one must wait for the crypto’s price to break in either direction and sustain above or below the same.
PONKE/USD Chart by TradingView
The technical indicators on the daily chart of the crypto exhibit strong bullish momentum in the price.
PONKE crypto’s price has advanced above the 50-day EMA and sustained above the same. It shows a strong uptrend in the trading price of the crypto.
The MACD is neutral on the crypto chart as the metrics of the EMAs are trading in a bullish trajectory, but the MACD and the signal line are trading in a bearish cross.
The RSI has also declined below the 14-day SMA while sustaining above the 50-level. It shows neutrality in the momentum of the crypto price.
Summary
PONKE, built on Solana, targets traders and gamers with its 555 million tokens, offering fast transactions at low fees.
Despite a recent 25% dip, PONKE remains bullish, trading above the 50-day EMA. Strong liquidity, a market cap of $234.993M, and active community engagement support further price growth.
The support levels for the PONKE crypto are $0.1020 and $0.320, while the resistance levels for the crypto are $0.570 and $0.800.
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.
