Paul (Paul) continues to lead the short -term gathering of the symbol that started on April 18, prompting the price up and achieving a percentage of two numbers on the weekly timetable.
At the time of this report, Paul (previously MATIC) was worth $ 0.214, increasing more than 16 % in the past seven days.
In the past 24 hours, the digital currency has increased by almost 9 %. These revenues raised Paul to the ten best winners per week. The assets also saw a flow to purchase pressure, prompting the maximum market to $ 2.22 billion.
Paul’s technical expectations
However, the bull’s strength is needed to compensate for the current Haboodi feelings of Paul, which can undermine the sustainability of this range.
To this end, the distinctive symbol is traded slightly higher than the simple moving average for 50 days (SMA) of $ 0.212, which indicates a modest power in the short term. However, it remains much lower than SMA for 200 days than 0.371187 dollars, indicating that there is a long -term drop direction.
Meanwhile, on April 22, the encryption analyst Relinda male Pol is in a gathering in a counter-direction within a wider landing direction, approaching the main liquidity area ($ 0.228 -0.2438 dollars) which may act as resistance.
And it warned of a possible liar outbreak, which may lead to correction or reflection. The expert emphasized that despite the local gains of Bitcoin (BTC), the encryption market remains weak, as the movement of Paul is seen as a liquidity driver before resuming the declining direction.
The main resistance levels to be monitored are $ 0.2284, 0.2438 dollars, and $ 0.2465, with support at $ 0.2061 and $ 0.1929.
Paul exceeds ethereum in NFT sales
Meanwhile, Paul’s momentum appears to be partially influenced by the unprecedented symbol sector. In this case, the NFT market rose, as ETHEREUM (ETH) rose for the first time.
according to Encryption DataPol recorded $ 22.1 million in NFT sales in the week ending April 22, ETHEREUM $ 21.8 million. The network also led the buyer’s numbers, with 39,027 unique buyers, an increase of 81.61 % compared to 36,544 from ETAREUM.
This increase was largely fueling by Courtyard, a real -world asset project (RWA), which integrates NFTS, which made $ 20 million in weekly sales, including $ 2.746 million on April 22 alone.
Distinctive image from Shutterstock
