- PANDA and MEW see price rally but face resistance resulting in pullbacks.
- Investors shift focus to Altgotech amid cooling off of PANDA and MEW momentum.
- Altgotech aims to revolutionize trading and its native token ALGT is currently in the presale stage.
In the volatile world of cryptocurrency, investors are always on the lookout for the next big opportunity. Recently, two altcoins, Panda Swap (PANDA) and Cat in a Dogs World (MEW), experienced significant price rallies, attracting attention from the crypto community.
However, the bullish momentum for the two tokens has cooled off and investors are now turning their focus to a new altcoin like Algotech (ALGT), signalling a dynamic shift in market sentiment.
Panda Swap (PANDA) price rally and pullback
Panda Swap (PANDA) recently witnessed a remarkable price rally, driven by massive interest from the meme coin community.
The token’s surge was fueled by anticipation surrounding its expected listing on MEXC exchange, which promised to bring PANDA to 10 million new users across 170 countries. Additionally, Panda Swap’s innovative DEX swap platform on Solana garnered attention for its advanced features and potential to redefine trading experiences.
However, despite the initial rally, PANDA encountered resistance around $0.0292, stalling its upward momentum at the beginning of April. The token then plunged to around $0.004417 before attempting a bullish reversal, which was cut short at around $0.017; forcing the token to pullback to its current price of $0.01226.
Although the Relative Strength Index (RSI) and Awesome Oscillator (AO) indicate a bullish sentiment, a further correction from current levels could trigger a retest of support at $0.004417.
Cat in a Dogs World (MEW) pumps and dumps
Cat in a Dogs World (MEW) embarked on its own price rally mirroring PANDA’s rally amidst the fervor surrounding meme coins.
With a mission to save the world from trending dog coins like Dogecoin (DOGE) and Shiba Inu (SHIB), MEW gained traction among investors seeking unique opportunities in the cryptocurrency market.
The token’s surge was accompanied by positive technical indicators, including a bullish Relative Strength Index (RSI) and a positive Awesome Oscillator (AO), indicating growing bullish sentiment.
However, MEW encountered resistance at $0.0070. The token’s failure to overcome this resistance level led to a correction, with prices potentially retesting the support at around $0.0049.
Despite this setback, MEW’s overall bullish trajectory remains intact, with investors closely monitoring its next move in the market.
Altgotech (ALGT) presale gathers momentum
Amidst the shifting landscape of the cryptocurrency market, Altgotech has emerged as a notable player with its ALGT token.
Altgotech offers a decentralized algorithmic trading platform designed to revolutionize trading experiences through advanced technologies and automation. Its native token, ALGT, serves as the backbone of the platform, providing investors with voting governance rights and a share of profits generated from innovative trading strategies.
The Altgotech presale has so far raised a total of $4,027,933.280 in Stage 3.
With the current price of ALGT at 0.08 tether in the presale stage and an anticipated increase to $0.10 in the next stage, investors are eagerly anticipating the platform’s launch and the potential for significant returns on investment.
Conclusion
As bullish momentum cools off for Panda Swap (PANDA) and Cat in a Dogs World (MEW), investors are turning their attention to new opportunities in the cryptocurrency market.
Altgotech (ALGT) token represents one such opportunity, offering investors access to a decentralized algorithmic trading platform poised to revolutionize the way trading is conducted in the digital age.
With market dynamics constantly evolving, savvy investors are keeping a close eye on emerging trends and potential game-changers in the crypto space.
The post PANDA and MEW bullish momentum cool off: investors shift to new altcoin appeared first on CoinJournal.
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