On February 20, PlayPad’s price exhibited a high figure of $0.07697 per PPAD. However, PlayPad’s price also went down like the rest of the cryptocurrencies within the crypto-verse. The bears reportedly increased their selling power, which started pushing the value of PlayPad to lower marks.
The price of PlayPad continued dipping throughout the month of February. By the end of February 28, the value of PlayPad had been pulled down to $0.06369 per PPAD.
Once again, it was the bears who kept up with the selling spree, and the month of February ended in the bearish zone for PlayPad.
However, PlayPad witnessed an even worse time in the month of March. By March 10, the value of PlayPad had been pushed down to $0.05192 per PPAD. Prior to the March 10 plunge, the bulls had attempted from time to time to launch a strong rally and push PlayPad’s price higher.
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Unfortunately, every rally launched by the bulls until March 10 was met by an even stronger selling spree of the bears. From March 10 onwards, PlayPad’s price experienced an even worse situation, which saw its price getting pushed down to $0.03851 per PPAD on March 18.
Past 24-hour Performance of PlayPad
Finally, after a long bearish run, and observing a descending trend line, the bulls launched their counter against the bears. In the past 24-hours, the bulls have launched a powerful rally against the selling spree of the bears.
According to data from CoinMarketCap, PlayPad buyers rallied and pushed its price higher by 64.84%. This surge helped push the price of PlayPad up to the current high value of $0.06697 per PPAD.
In the past 24-hours, the bulls have been buying PlayPad on a larger scale, and the investors are also transacting PlayPad on an even higher level.
For now, the trading volume for PlayPad is at $1,188,847 and it has reached this level having observed a 1842.06% surge.
What do Technical Indicators Suggest about PlayPad?
At the moment, the summary scale for PlayPad is demonstrating a “neutral” trend. This means that with a high rally in the past 24-hours, the bulls have finally moved the trend for PlayPad from bearish to the neutral zone.
This means that the bulls now have the opportunity of increasing their buying power and pushing PlayPad’s value higher. The rally has also pushed the RSI for PlayPad up from 33.79 to 48.97, which may continue rising with the strong buying power of the bulls.
Ascending Movement of PlayPad
If the bulls continue purchasing PlayPad with the same power they have demonstrated in the past 24-hours, its price may continue rising. The first strong resistance mark PlayPad may hit would be $0.08868 per PPAD.
Once PlayPad hits the first resistance mark, the moving RSI and the summary scale for PlayPad may move into the positive zone. This would cause the price of PlayPad to rise up to $0.1030 per PPAD.
