Buy pressure is dominant for POKT — 86% of hourly trades are buys. POKT is trading at $0.012, up 0.09% over 24 hours on $28.06K in volume.

POKT Price Action Analysis

Pocket Network (Wormhole) (POKT) is currently trading at $0.012, having gained 0.09% over the last 24 hours. 24-hour trading volume stands at $28.06K. The price is currently below the lower Bollinger Band ($0.012), indicating significant selling pressure.

POKT Trading Activity & Liquidity

In the most recent hour, POKT recorded 7 trades totalling $541.97 in volume. Buyers accounted for 86% ($296.76) and sellers 14% ($245.21). 6 unique wallets participated. Buy pressure is notably elevated, which may indicate accumulation. Available liquidity for POKT is $21.28K.

POKT Technical Analysis Summary

On the 1-hour timeframe, technical analysis generates a 'Sell' signal with Medium confidence. The Relative Strength Index (RSI) is currently 46.4, residing in neutral territory. The MACD indicator shows bullish momentum, with the MACD line (-0.000026) above the signal line (-0.000032) and a positive histogram (0.0000054). The Average Directional Index (ADX) of 44.5 suggests a strong prevailing trend. Other oscillators like Stochastic %K (34.4) is neutral, CCI (-84.4) is neutral, Williams %R (-73.2) is neutral provide further context on short-term price momentum.

POKT Price Prediction & Market Sentiment

The current outlook suggests that the short-term sentiment for POKT appears cautiously pessimistic. POKT may need to find a new support level. Support near $0.012 (lower Bollinger Band) could provide a floor. Current liquidity is $21.28K. The price is currently below the 20-period EMA ($0.012), which reinforces the bearish outlook.