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Pulsechain price is up 54% in the last week, trying to foster a recovery after a 90% drop. At 9am EST it was trading at around $0.000068.
After finding support at $0.1232, the cryptocurrency moved north again, posting gains of 3% on the day. However, trading volume has fallen by 25% in the last 24 hours, but PLS token holders remain optimistic.
Pulsechain price prediction as PLS tries to regain lost ground
Pulsechain price is trying to recover after a 50% weekly increase. However, it would require a lot of effort on the part of the bulls, considering that the Relative Strength Index (RSI) remains below the 50 level. With this, the odds continue to favor the bears, and the PLS uptrend is likely to be reversed. delay
Traders who bought PLS tokens before the 54% surge will likely start taking early profits after a break above the psychological level of $0.2000 proved premature. The resulting selling pressure could send Pulsechain to the price floor of around $0.1232.
Technical indicators also corroborate the bearish thesis, with the RSI drifting south following a rejection from the midline of 50. Its southward tilt shows that buyer momentum is falling and culminates with PLS retesting the price floor.
The Awesome Oscillator (AO) indicator is also in the negative zone, indicating that the bears have more say in the PLS market than the bulls.
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Pulse Chain Alternative
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Also read:
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