Perpetual Motion Machine Price Prediction: PMM Goes Ballistic with 432% Pump After Falling Off Cliff as Traders Flog into This New ICO for 100x Profits as Listing Looms| Trending Viral hub

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Perpetual Motion Machine price is up 432% in the last 24 hours to trade at $0.055 at 05:03 am EST on trading volume which increased 35% to $930,404.

The rise in PMM price follows a significant drop of almost 98%, falling from $0.65 to $0.008. Perpetual Motion Machine (PMM) experienced this sharp drop in value, reportedly attributed to hacking incidents, the project team said.

Despite facing this setback, PMM has demonstrated resilience amidst market turbulence, achieving an impressive recovery. Can PMM recover to its all-time high?

Perpetual Motion Machine Price: Poised for a Bounce Above Ascending Triangle Lower Boundary

Perpetual Motion Machine Price Chart Analysis Source:
PMMUSD Chart Analysis Source:

Following the significant drop in the price of Perpetual Motion Machine, investors seem to maintain some confidence in the project, as evidenced by its recovery to $0.09.

However, the bears may have taken control of the price as it is trading at the lower boundary of the ascending triangle.

PMM price is currently trading below the 50-day SMA, which coincides with the current pullback from the $0.09 resistance to the current price of $0.055. However, the price is trading above the 200-day SMA, indicating some bullishly skewed outlook for the price.

Furthermore, the formation of a moving average (MA) crossover at $0.0106 further supports the notion that a bullish rally is underway.

The Relative Strength Index (RSI) is at the oversold level of 30 to the south, indicating intense selling pressure. In most cases, these levels are used to indicate entry positions, indicating a likely price rally.

MACD and ADX perpetual motion machine

Furthermore, the Moving Average Convergence Divergence (MACD) line (blue) supports the current retracement trend as it is trading below the signal line (orange). The histogram also shows red bars extending downwards, indicating that prices are currently low but showing signs of an upward rebound.

Meanwhile, the average directional index (ADX) is at level 20, indicating an attempt at an uptrend. This means a somewhat neutral trend, suggesting that the price could break in either direction. In the event of sustained bullish momentum, the ADX has the potential to advance towards stronger trend levels.

Perpetual Motion Machine Price Prediction

Perpetual Motion Machine price has crossed the lower boundary of the ascending triangle. The bulls could find solid support around $0.039, which would serve as protection against downward pressure. This level could help them push the price up to test the $0.092 resistance as their target is $0.1.

However, if the bears apply more pressure, the price may retreat further towards the crucial support zone of $0.036.

As PMM traders look for potential buying opportunities, other investors are flocking Sponge V2with potential 100x earnings as listings on major exchanges loom.

Buy $SPONGE V2 with 100x possible returns

After enjoying tremendous success last year, SPONGE is making a huge comeback, bigger and better than ever. With a staggering 100x increase in value, SPONGE demonstrated its potential.

Now the team behind this incredible project presents you the opportunity to make great profits with Sponge V2which will soon appear on the main stock exchanges.

Investors were thrown into a frenzy when Sponge V1 amassed over 13,000 token holders and reached a market capitalization of $100 million.

The project also attracted the attention of prominent figures in the crypto industry, including Tron founder Justin Sun. Intrigued by the potential of meme coin trading, Sun acquired $SPONGE tokens which have since appreciated to a value of over $90,000.

The development team discontinued Sponge V1 on February 5 and migrated to the Polygon network, hoping to benefit from its security, faster transaction speeds, and lower fees.

Stake $SPONGE V2 and get rewards

You can easily buy and stake your Sponge V2 tokensand earn an impressive 198% Annual Percentage Yield (APY).

Sponge V2 also introduces new features with which you can earn money. It has introduced a new play-to-earn (P2E) games section, aimed at attracting a wider range of investors and players alike.

The team is ready to launch sponge runner, a game that will come in both free and paid versions. Players will participate in races where they will earn token rewards after completing different missions.

According to crypto analyst Jacob Bury on YouTube, Sponge V2 has the potential to achieve 100x profits at launch, like its predecessor.

To join the pre-sale, visit the official website of Sponge V2 and link your digital wallet to exchange your ETH or USDT for V2 tokens. You can also buy directly with your bank card.

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