Is It Too Late To Buy Panda Swap? PANDA Price Erupts 40% And This Might Be The Next Crypto To Explode
The Panda Swap price rose 40% in the last 24 hours to trade at $0.0094 as of 03:24 a.m. EST on trading volume that soared 727% to $3.9 million.
This comes as the token receives massive interest from the meme coin community, with meme coin mania picking up after the Bitcoin halving event. The community is also anticipating top-tier exchange listings, which will make PANDA available to a wider community.
April has seen Panda Swap drop to the support zone around $0.0064 at first, with the bulls trying to push the price to the resistance level at $0.0083. This threshold allowed the bears to take control of the price, with PANDA dropping further to the major support level around $0.0051.
The support paved the way for the bulls to retest the major resistance at $0.0083, forming a rounding bottom pattern. The bullish momentum is strong as PANDA has surpassed the resistance, soaring above the current price, as it aims to sustain this trend.
PANDA is also trading above both the 50-day and 200-day Simple Moving Averages (SMAs), a confirmation of the continued bullish movement to the upside.
Additionally, the Relative Strength Index (RSI) on the 1-hour chart is trading within the overbought levels at 75, indicating that PANDA is currently overbought, and a signal of continued investor optimism.
The Moving Average Convergence Divergence (MACD) is also bullish, as the blue MACD line crosses over the signal line, representing a bullish crossover. A bullish crossover is an indication of the token’s potential to surge.
The green bars on the histogram also gracefully extend above the neutral line, showing that PANDA is on a positive trajectory.
Panda Swap Price Prediction
The Panda Swap price on the 1-hour chart analysis indicates that PANDA is currently on a bullish run, having breached the resistance of the rounding bottom pattern at $0.0083.
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