The Puffer price skyrocketed 106% in the last 24 hours to trade at $0.6087 as of 03:18 a.m. EST on trading volume that skyrocketed to $342 million.
Puffer Price Aiming For A Breakout
After its launch, the Puffer price rose to the $0.889 resistance, before plunging to the $0.56 support, according to data from GeckoTerminal . The price has been able to trade within the support zone, forming a descending triangle pattern.
The continued trend has resulted in the price of Puffer trading below the 50-day Simple Moving Average (SMA).
However, the Puffer price being able to sustain its movements along the horizontal support level has also caused the Relative Strength Index (RSI) to trade within a neutral level, currently at 48, which shows neither overbought nor oversold conditions.
If the bulls sustain the price above the upper boundary of the triangle, as they aim to push the price even further above, as they target the previous resistance at $$0.889.
PUFFERUSD Chart Analysis Source: GeckoTerminal.com However, in a scenario where the bears take control of the price, PUFFER could plunge back to the $0.56 support zone, which now acts as a cushion against downward pressure.
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