Is It Too Late To Buy PAPO? Papo Ninja Price Skyrockets 23% And This Might Be The Next Crypto To Explode
The Papo Ninja price soared 23% in the last 24 hours to trade at $0.0564 as of 03:58 a.m. EST on trading volume that surged to $15.6 million.
Papo Ninja is a groundbreaking play-to-earn (P2E) game built on the TON (The Open Network) blockchain. Its token, $PAPO, launched on November 5, which was followed by a listing on Bitmart on November 6. More listings are scheduled in the coming week.
Papo Ninja Price Aiming For A Sustained Breakout
The Papo Ninja price has shown a strong reaction at the marked support area, around $0.045 – $0.050, according to data from GeckoTerminal . This region has acted as a base where buyers stepped in after previous declines.
There were two noticeable spikes in price, pushing up towards $0.08 and briefly over $0.10, but each was followed by a sharp pullback, indicating significant selling pressure at higher levels. Currently, the price is consolidating near $0.056, just above the support zone. This sideways movement could be building momentum for the next potential move, depending on whether buyers or sellers dominate.
The RSI is at 50.55, indicating a neutral stance. This mid-level reading suggests neither overbought nor oversold conditions, aligning with the current consolidation phase. If the RSI starts moving toward 70, it could signal bullish momentum, whereas a dip toward 30 might indicate bearish momentum if the price breaks below the support.
The MACD line (blue) and the Signal line (orange) are very close to each other, with both hovering near the zero line. This setup indicates minimal momentum and aligns with the consolidative price action.
If the momentum picks up at the moment, as the bulls capitalize on the major indicators, the price of Papo Ninja could soar to the $0.10 resistance zone.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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