To everyone’s surprise, it is not the old and major cryptocurrencies that have been delivering high performances but the newer ones. Just recently, Purfect Network (PUR) has rose to fame, having achieved a high push in its value in the past 24-hours.
The buyers are constantly going for higher gains for Purfect Network, which means they are eager to see it floating on the higher levels. We will now go through the technical analysis of Purfect Network to see where it can go in the upcoming days.
Purfect Network’s 158.66% Price Surge
Purfect Network has earned its place among the top gainers in the past 24-hours, by recording a 158.66% rally. The elevation for Purfect Network seems to be constant as it has been growing gradually. The 24h rally push has elevated Purfect Network’s value to its present high price of $0.06231 per PUR.
Purfect Network had started trading at a value of $0.02409 per PUR. At the time of the launch, the trading volume for Purfect Network was at $1.03 million. As the data shows, the current value for Purfect Network is $0.06231 while the trading volume is worth $1.34 million.
The market valuation for Purfect Network has been elevating at the same rate as the rally. At the moment, the valuation for Purfect Network stands at $62,631,653.
Technical Factors Pointing towards Purfect Network’s Positive Trend
At the moment, the moving averages for Purfect Network are leaning into the positive zone. The data shows that out of every 26 investors, 12 investors are preferring the acquisition of Purfect Network, while 5 investors prefer selling Purfect Network. The remaining investors are going for a standby position as they want to see more data for Purfect Network before making a move.
The oscillators are also following the moving averages and at the moment, they are also leaning towards “buy” sentiments. The RSI for Purfect Network is currently traveling over 67.18, which is a strong demonstration of Purfect Network’s strong bullish run.
Positive Gains of Purfect Network
Considering the above factors, the price of Purfect Network is all set to grow in size in the upcoming days. The value of Purfect Network may grow up to its first strong resistance mark ($0.1117), with strong support from the buyers.
The buyers may continue growing higher spirits and their confidence level may also surge in near future. This would result in pushing Purfect Network’s value to the second resistance mark of $0.1560 per PUR.
If the momentum keeps building and the neutral investors alongside the bearish investors keep joining the bullish side, then Purfect Network would be unstoppable.
With strong support from the investors, Purfect Network may grow up to its third resistance mark of $0.1870 per PUR.