Populous price analysis: Populous races high to $1.20, gaining 55 percent

The Populous price analysis reveals the cryptocurrency is in the bullish form today. The bullish momentum is quite strong, as the bulls erupted yesterday without any prior indications for it. The price oscillations were quite nominal before 5th November, and the coin was less volatile during the last month. However, the overall cryptocurrency was in loss during the last month as the price trend line is downwards for that period.

Yesterday the PPT/USD rallied high from $0.52 to $0.78 and today again to $1.20 range gaining a significant value of around 120 percent in just two days.

PPT/USD 1-day price chart: PPT price surges to $1.20

The 1-day price chart for Populous price analysis shows a high spike in price today as well as the price has now reached $1.25 at the time of writing. The coin has gained a value of around 55 percent over the last 24 hours and has gained a value of 77 percent over the last week if we subtract the losses of the early days of the week. The trading volume has also shot up by 211 percent, and the market cap has improved by 50 percent.

PPT/USD 1-day price chart. Source: Tradingview

The volatility has started increasing from yesterday as the Bollinger bands started expanding drastically as the price started rallying high. The upper band is at the $1 mark representing support for the coin, and the lower band is at the $0.39 mark, making an average at the $0.69 mark.

The relative strength index (RSI) also rallied high from the undersold zone crossing through the neutral zone in a swift move, and has entered the oversold zone today as it is trading at index 73, indicating intense buying activity of PPT/USD in the market.

Populous price analysis: Recent developments and further technical indications

The 4-hour Populous price analysis shows the price is continuously on the rise today. The last correction was observed yesterday, and that only for four hours, and the bulls gained control back soon and are continuing their endeavor till now. The price has been covering upwards range from the last 20 hours.

PPT/USD 4-hours price chart. Source: Tradingview

The volatility is also high on the 4-hour chart as the volatility indicator is expanding prodigiously with the upper end at $1.1 representing support for the PPT/USD, the lower band has reached $0.20, indicating a highly volatile situation. The moving average is trading at $0.825, and the RSI has reached index 86 in the overbought region.

Populous price analysis: Conclusion

The Populous price analysis suggests that the cryptocurrency is highly bullish as well as highly volatile. However, cryptocurrency has a positive outlook, and trading in the bulls market is usually easier as compared to a mixed market, so investing in PPT can be profitable as many coins have gained significant value recently with MANA leading the race. We expect the Populous to continue upside for today, and even if it reverses back, we still expect it to maintain above $1.12.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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