Pond Coin (PNDC) Price Glimpse

PondCoin (PNDC) has dropped by 5% in the last 24 hours, indicating a bearish trend. Trading volumes are also down by 27%, indicating falling market activity.

PNDC is reversing from a major bullish rally posted last week, with the token reaching an all-time high of $0.00000297 on September 2. It has since retreated by 37% from these record-high prices.

Despite the recent decline, PNDC has still held on to its weekly gains of 54%. Some buyers still anticipate another rally at low prices, but the uptrend is not strong enough.

Pond Coin Risks Losing Recent Gains

Pond Coin has been on a major uptrend since the start of the month. On September 1, PNDC was trading at $0.00000127 before entering a massive bull run that saw it rally past $0.00000220 within 24 hours.

On September 2, PNDC rallied to a 14-day high of $0.00000297. This price attracted selling momentum that has seen PNDC create lower lows.

In the last 24 hours, PNDC has traded in the range of $0.00000184 to $0.00000204, indicating low volatility. A continuation of the bearish momentum will likely see PNDC plunge to a seven-day low of $0.00000157.

In the last 24 hours, PNDC has tried severally to break past a crucial resistance level at $0.0000019. Once it breaks past this price, the next target will be $0.00000225.

Pond Coin Is On Bearish Trend

The bearish momentum is proven by the Moving Average Convergence Divergence (MACD) in the negative zone. The MACD histogram bars are also in the negative zone, indicating that bears are currently in control.

The Relative Strength Index (RSI) at 34 shows that selling activity has been behind PNDC’s recent price action. The RSI line is tipping south, indicating that the bears might continue dominating the market and that more drops could be coming.

While the bearish trend persists, the team behind Pond Coin has highlighted some positive developments with the project.

The Pond Coin DEX is still a new entrant in the market, but it is already making waves across the industry.

According to a recent announcement by the Pond Coin team, the DEX has achieved 28,945 total swaps while total volumes have reached $37.5 million.

Not bad for week 1… 🤝

Thanks to all the incredible users who are paving the path for a brighter future of Decentralization.

We > Me

And we deserve better than the status quo! ✊

🐸 @Pond0x | https://t.co/bEiJAlbkKh 🟪 pic.twitter.com/nUnEyTCyLB

— Pond Coin (@Pond0x) September 8, 2023

Wall Street Memes Presale At Final Stage Has Raised Over $25M

The Wall Street Memes presale has raised more than $25 million, and it is currently in its final stage, where the native WSM token is trading at $0.0337.

An announcement on the Wall Street Memes website says that it will list on tier 1 exchanges in 18 days. This listing could play a significant role in driving gains.

Wall Street Memes provide a staking opportunity for investors. 294 million tokens have been staked, with the project offering an APY of 69%.

The staking option has garnered much interest and is a bullish sign for the project’s future.

The staking mechanism seeks to boost long-term engagement with the project. It will also mitigate the volatility risk from price crashes, usually prevalent during launch.

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