Pangolin (PNG) price forecast after 234% increase in one day amid Bitcoin Dogs frenzy
Pangolin (PNG) is up 234% in 24 hours, reaching $0.31. Technical indicators suggest a short-term correction, but bullish momentum will continue. Bitcoin Dogs pre-sale rose to $4,241 in a week.
Pangolin DX's native management token Pangolin (PNG), has experienced an unprecedented surge following several months of strong growth amid the buzz around a new dog-themed NFT project called Bitcoin Dogs, a first-of-its-kind ICO. Bitcoin blockchain.
The PNG token rose by an impressive 234% in 24 hours, reaching $0.31 and trading volume increased by an impressive 5500%.
Pangolin (PNG) price chart
Pangolin (PNG) Price: An interesting rally
Pangolin's dramatic price increase marks a significant milestone for the multi-chain DEX platform, which is gaining traction amid the backdrop of Bitcoin's battle to maintain the $50,000 level. The rise in PNG value is a reflection of the growing enthusiasm of investors for decentralized finance (DeFi) projects, especially those driven by community initiatives.
The pangolin native token PNG has not only seen an extraordinary increase in its value but also in its trading volume. In one day, the 24-hour trading volume increased by an astonishing 5500%, reaching over $4.7 million. This increase raised the pangolin market to more than $54 million, doubling in 24 hours.
PNG, which is 100% distributed to the community without team, advisor, or investor allocation, has attracted a wave of interest, resulting in a significant increase in daily trading volume.
The latest price burst for PNG is a break from the $0.12 mark since December. It shows renewed activity and optimism in the community-led project, further fueled by a new group taking the lead and mapping out the pangolin's recovery.
Pangolin price forecast
As PNG continues its upward trajectory, investors look forward to its future moves. Technical indicators on the 4-hour chart suggest a correction in the short term, while the relative strength index (RSI) shows a cooling of buying pressure. However, the RSI line remains comfortably above the Simple Moving Average (SMA) line, suggesting that buyers are still holding strength, leaving room for further upward movement.
If PNG can close the daily candle above the resistance level of $0.19895, it could form a strong base for further upside in the next 72 hours. Analysts predict that pangolin prices could reach as high as $0.4 by the end of next week if the token continues its current crash rate.
However, failure to overcome this resistance level could lead to a retracement to the immediate support at $0.13500, which could push the price back into the previous sideways channel.
Bitcoin Dogs Crazy and 0DOG presale
Amidst the excitement surrounding pangolin crowding, the crypto community has been captivated by the interest of Bitcoin dogs, an innovation at the forefront of the blockchain revolution. Bitcoin Dogs offers a unique combination of crypto and canine companionship where dog lovers and crypto enthusiasts can come together to trade, collect and have a great time.
At the heart of the Bitcoin Dogs ecosystem is the Dogaverse, a virtual playground where users can immerse themselves in playful interactions and possibilities. The 10k Ordinals NFT Club adds an extra layer of fun that allows users to collect and trade unique digital assets in the Dogaverse.
Bitcoin Dogs is currently hosting a presale for 0DOG, the first ICO on the Bitcoin blockchain. As price increases every 3 days, early adopters have the opportunity to secure the bitcoin dog pie at a reasonable rate. The presale has already paid a staggering $4,241,493.33, with investors looking forward to the next price of $0.0251.
To participate in the Bitcoin Dogs ICO, visit the Bitcoin Dogs website to purchase a share of the 810 million 0DOG tokens available for presale.
