Powsche Has Increased by 740 Percent in One Week. But How Far Can the Memecoin Craze Go
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- At the time of writing, POWSCHE had a bullish forecast
- Hype and social media engagement will be critical for sustained gains and demand
POWSCHE experienced a remarkable 740% surge from November 11 to 19. However, it has since retraced by approximately 8.6%. Yet, its upward trend may not be finished just yet, as small-cap coins typically continue to rally.
The Solana-based memecoin POWSCHE had a market cap of $9.03 million during my last check. In comparison, Solana’s trading volume across all exchanges stood at $7.14 billion at that time. POWSCHE could potentially appreciate significantly further; however, similar to all memecoins—especially new ones—market enthusiasm and community engagement are vital for long-lasting bullish prospects.
POWSCHE Short-term Support Levels
Source: POWSCHE/USD on CoinMarketCap
The CMF for the token stood at +0.25, indicating a substantial capital influx into the market. The elevated trading volume observed in recent days suggested increasing demand which helped drive prices upward.
key levels like $0.0518 and $0.0721 could instigate a bullish response.
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Disclaimer: The information presented herein does not serve as financial guidance or investment advice; rather it reflects solely on the author’s perspective.) {-------} { Share your thoughts across social platforms——–}
