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- 1 POOCOIN cryptocurrency is exhibiting strong bullish momentum and currently trending above major moving averages.
- 2 The optimistic outlook is confirmed with increased buyer activity and momentum.
The POOCOIN cryptocurrency is exhibiting strength and is on its way towards the upper level. This optimistic trend suggests that POOCOIN Crypto may move upwards towards its expected target of $0.5000, and as a result, buyers are expected to maintain long positions. The cryptocurrency is currently trading above major moving averages, pointing to a bullish sentiment.
Moreover, chart structures based on recent trading sessions show a bias in favor of buyers. POOCOIN Crypto has gained momentum and is poised for an uptrend that could go further. The increased activity and momentum also support the optimistic outlook of market buyers.
At the time of publication, POOCOIN Crypto was trading at $0.4263 with an intraday gain of 0.76%, highlighting bullish sentiments and a positive outlook. Additionally, the intraday trading volume was 1.39 K, and the market capitalization was $2.17 Million when the text was written. However, as buying volume increases, the price could mark new highs amid the bullish momentum. Therefore, the POOCOIN price is expected to move higher and remain strong on the daily chart.
Technical Analysis of POOCOIN Crypto Price in 1-D Time Frame
POOCOIN crypto is currently trading at levels above both its 50-day and 200-day simple moving averages (EMA). The relative strength index (RSI) value stands at 52.04 points, with 14 SMA above the midline at 45.32 points, indicating a bullish trend for POOCOIN crypto. The MACD line is at -0.0059, with the signal line at -0.0060, both of which are above the zero line.
The bullish crossover on the MACD indicator is indicative of the POOCOIN cryptocurrency’s strong price momentum. According to POOCOIN crypto’s weekly chart, buyers are dominating the market, and the cryptocurrency is currently in an uptrend after rising above the main EMA.
Technical indicators also support the bullish sentiment, with RSI close to the overbought zone and the MACD forming a bullish crossover with the green band. These signals suggest that POOCOIN cryptocurrency is poised to rise further in the coming weeks.
Summary
The POOCOIN cryptocurrency is displaying strength and bullish momentum on the daily and weekly charts. It is trading above its major moving averages, and technical indicators like RSI and MACD indicating bullishness. The bullish crossover on the MACD indicator suggests strong price momentum, and buyers are expected to maintain long positions. The cryptocurrency is poised for an uptrend that could go further, and as buying volume increases, the price could mark new highs.
Technical Levels
Support Level: $0.3840
Resistance Level: $0.4960.
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 own research before making any financial decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
