Is It Too Late To Buy PUFFER? Puffer Price Skyrockets 106% And This Might Be The Next Crypto To Explode
The Puffer price skyrocketed 106% in the last 24 hours to trade at $0.6087 as of 03:18 a.m. EST on trading volume that skyrocketed to $342 million.
Puffer Price Aiming For A Breakout
After its launch, the Puffer price rose to the $0.889 resistance, before plunging to the $0.56 support, according to data from GeckoTerminal . The price has been able to trade within the support zone, forming a descending triangle pattern.
The continued trend has resulted in the price of Puffer trading below the 50-day Simple Moving Average (SMA).
However, the Puffer price being able to sustain its movements along the horizontal support level has also caused the Relative Strength Index (RSI) to trade within a neutral level, currently at 48, which shows neither overbought nor oversold conditions.
If the bulls sustain the price above the upper boundary of the triangle, as they aim to push the price even further above, as they target the previous resistance at $$0.889.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why TradFi firms could turn to bitcoin margin loans: Maple CEO
Maple’s Sid Powell said that TradFi firms have been in contact with the firm about lending and borrowing in crypto
The Daily: ECB President Lagarde rejects bitcoin for Eurozone reserves while the Czech central bank considers it and more
European Central Bank President Christine Lagarde said bitcoin is not an option as a reserve asset for the Eurozone’s central bank reserves, citing liquidity, security and regulatory concerns.Meanwhile, the Czech National Bank approved a proposal from Governor Aleš Michl to assess diversifying some of its country’s reserves into bitcoin.
'Inevitable collapse': Trump’s crypto push sparks concern at Paul Singer's Elliott Management: FT
The hedge fund said in a new investor letter that the “inevitable collapse” of the crypto bubble “could wreak havoc,” according to the Financial Times.Elliott’s Paul Singer has never been a fan of crypto, telling WSJ in 2023 that cryptocurrencies are “completely lacking in any value.”
Kiyosaki Dumps Gold and Silver, Projects Bitcoin at $250K by 2025