Power Cash (PRCH) has reportedly observed huge gains in the past 24-hours and the bulls are constantly investing more money to keep its rally alive. At the moment, Power Cash is being observed by many investors and analysts who have been looking into its performance and future gains.
Let us go through the technical analysis of Power Cash and see where it may end up in the upcoming days.
Power Cash’s Performance before the Rally
On March 22, the price recorded for Power Cash was at a low of $0.0005322 per PRCH. The very next day, the bulls increased their acquisition power for Power Cash, pushing it up to $0.0006483 per PRCH.
From March 23 until March 25, the bulls kept resisting the strong selling pressure of the bears. They tried keeping Power Cash over the $0.0006000 per PRCH benchmark but on March 26, the bears elevated their selling pressure. This resulted in pulling the price of Power Cash below $0.0005500 per PRCH.
Power Cash’s Rally in the Past 24-hours
However, the bulls were just getting ready for the real action, and after letting the bears take over for a day, the bulls launched their counter. As a result, the bulls formed a 101.57% rally in the past 24-hours, which brought its price up to $0.002052 per PRCH.
The rally has pushed the trading volume for Power Cash by 2470.62%, and the figure is now at a high of $114,267. The fully diluted valuation for Power Cash has also surged tremendously following the strong rally.
Current Sentiments of Power Cash Market
At present, the investors are in high spirits and they are eager to invest in Power Cash. This is mainly because the majority of the Power Cash investors have high sentiments about acquiring digital assets.
The summary scale for Power Cash is currently at “strong buy”, and more than 85% of investors are willing to buy Power Cash. The moving averages, as well as the oscillators, are also indicating strong buying sentiments for Power Cash.
The RSI of Power Cash is currently at 72.5 while the ultimate oscillator for Power Cash is also at 66.4, indicating a strong buying trend in favor of Power Cash.
Power Cash’s Elevation to $0.004372
With such high sentiment, the investors may continue acquiring Power Cash, which would push it into the strong resistance area. This would result in pushing the value of Power Cash to a high of $0.003094 per PPRCH.
As the investors keep backing the bulls, they will continue breaking all the strong defenses set by the bears. They may continue increasing their buying power and push the price of Power Cash to a high of $0.003880 per PRCH. Going forward, the bulls may succeed in pushing the price of Power Cash to a high of $0.004372 per PRCH.