Pulsechain is known as a cutting-edge chain of several blocks that is similar to the known concept of Ethereum blockchain. But the lightning-fast transactions and way lower fees keep it apart from Ethereum. It is secured by tens of thousands by the validators(community-run) distributed all around the globe.
As per the Go pulse website, the market cap is $21 Billion and the supply is 136 Trillion.
Can the Pulsechain Price Rise More?
The PLSX/USDC crypto asset is barely demonstrating bullish strength and upward momentum as it keeps above the 20-day and 50-day EMA bands.
The Pulsechain crypto asset is exhibiting bullish strength as MACD highlights a bullish cross. MACD is at 0.0000050686, the signal line is at 0.0000050043, and the histogram is at 0.0000000643.
The RSI is above 50, the curve is at 62, and the 14-SMA is at 60, implying that the PLSX crypto asset is still in positive territory and can push further up.
The Pulsechain crypto asset is displaying bullish qualities and can advance further. It has presented good performance in the last week, month, and three months by 46.47%, 21.86%, and 309.12%, respectively.
The PLSX crypto has experienced a surge of 2.51% in the last 24 hours and is currently trading at $0.00005504.
Therefore, the Pulsechain crypto has been showing signs of a gradual comeback as the price recovered from a critical level of around $0.0000128250 on the chart.
The PLSX crypto price appears ready for a massive surge as it advances up to blast through the obstacles to new levels from the current support level.
Therefore, if the demand for the crypto increases, the asset price could rise more from the current level. The next goal for the price is to reach $0.0001000000.
If the PLSX crypto price fails to stay above the $0.0000128250 level, it could decline further.
Summary
The PLSX price highlights bullish sentiments and perspectives regarding the crypto asset in the daily time frame. The Pulsechain price action highlights a bullish view at the time of publishing.
Moreover, the technical parameters of the Pulsechain price suggest the continuation of the uptrend, reliant on the buyer’s surge, over the daily time frame chart. Major indicators like MACD, RSI, and EMA, illustrate bullish gestures regarding the PLSX price.
Therefore, if the demand for the crypto increases, the asset price could rise more from the current level. The next goal for the price is to reach $0.0001000000.
Technical Levels
Support Levels: $0.0000128250
Resistance Levels: $0.0001000000.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
Source: https://www.thecoinrepublic.com/2024/02/15/pulsechain-crypto-can-plsx-crypto-boost-to-reach-higher-level/