Pocket Network (POKT)
1. Fundamental Analysis
1.1 Introduce
Pocket Network is an infrastructure middleware protocol which provides decentralized computing and abundant bandwidth on full nodes to other applications across many blockchains, including Ethereum, Harmony, Solana, Avalanche, BSC, Gnosis Chain, Polygon, and more. Pocket Network uses a native cryptocurrency, (POKT), to create a permissionless, two-sided market between node providers who run full nodes and developers that want to query data from a blockchain for their application/service. POKT is purchased and staked by both developers and node providers to participate in the network.
1.2 Basic Info
| Name | Value | Name | Value |
|---|---|---|---|
| Symbol | POKT | Market Cap | 53564022.5 |
| Name | Pocket Network | White Paper | -- |
| Web Site | https://www.pokt.network/ | Is ICO | None |
| Wallet | -- | Raised Funds | - |
| Source | -- | Distribution | - |
| Explorer | https://explorer.pokt.network/ | Algorithm | -- |
| Forum | -- | Proof | -- |
| Mining | Total | -- | |
| Supply | -- | Release Date | 2022-01-12 |
| Available Supply | 1690250000 |
2. Technical Analysis
2.1 Kline Data
| Date | Open | High | Low | Close | Volumn |
|---|---|---|---|---|---|
| 2025-01-01 | 0.03209 | 0.03248 | 0.03153 | 0.03154 | 18084.4085758 |
| 2024-12-31 | 0.03299 | 0.03342 | 0.03136 | 0.0321 | 44906.3377497 |
| 2024-12-30 | 0.03375 | 0.03429 | 0.03267 | 0.033 | 52609.3122687 |
| 2024-12-29 | 0.03457 | 0.03472 | 0.0336 | 0.03376 | 35449.1020244 |
| 2024-12-28 | 0.034 | 0.03508 | 0.03375 | 0.03458 | 46937.6879345 |
| 2024-12-27 | 0.03436 | 0.03543 | 0.03373 | 0.03401 | 80359.5743378 |
| 2024-12-26 | 0.03735 | 0.03755 | 0.03399 | 0.03435 | 74118.8152512 |
| 2024-12-25 | 0.03825 | 0.03869 | 0.037 | 0.03736 | 105154.6937516 |
| 2024-12-24 | 0.03645 | 0.03889 | 0.03574 | 0.03824 | 142200.9380606 |
| 2024-12-23 | 0.0349 | 0.03719 | 0.03453 | 0.03646 | 156183.7152359 |
| 2024-12-22 | 0.03445 | 0.03596 | 0.03429 | 0.03491 | 102495.7117318 |
| 2024-12-21 | 0.03727 | 0.03747 | 0.03406 | 0.03447 | 236455.9807635 |
| 2024-12-20 | 0.0361 | 0.03994 | 0.03101 | 0.03726 | 285775.7790123 |
| 2024-12-19 | 0.04383 | 0.04395 | 0.034 | 0.03611 | 345180.0842084 |
| 2024-12-18 | 0.04826 | 0.04933 | 0.04245 | 0.04385 | 407061.9730636 |
| 2024-12-17 | 0.04967 | 0.04985 | 0.04671 | 0.04827 | 224502.0278048 |
| 2024-12-16 | 0.05026 | 0.05432 | 0.04865 | 0.04968 | 260877.1680989 |
| 2024-12-15 | 0.05141 | 0.05293 | 0.04875 | 0.0503 | 447517.9199664 |
| 2024-12-14 | 0.05545 | 0.05704 | 0.05038 | 0.05142 | 753263.0874794 |
| 2024-12-13 | 0.05645 | 0.05887 | 0.05381 | 0.05547 | 983269.1911504 |
| 2024-12-12 | 0.05659 | 0.05857 | 0.05489 | 0.05645 | 659161.7839139 |
| 2024-12-11 | 0.05453 | 0.05759 | 0.05065 | 0.05661 | 886090.5259303 |
| 2024-12-10 | 0.05638 | 0.06 | 0.05165 | 0.05453 | 1091425.7118198 |
| 2024-12-09 | 0.06812 | 0.06829 | 0.055 | 0.05638 | 1111093.7064396 |
| 2024-12-08 | 0.06207 | 0.07467 | 0.06168 | 0.06815 | 1647200.9574153 |
| 2024-12-07 | 0.06438 | 0.06633 | 0.06156 | 0.06208 | 987845.387604 |
| 2024-12-06 | 0.05507 | 0.06735 | 0.055 | 0.06438 | 2157581.9484686 |
| 2024-12-05 | 0.05522 | 0.06368 | 0.05379 | 0.05508 | 2041615.0452385 |
| 2024-12-04 | 0.05353 | 0.06041 | 0.0519 | 0.05523 | 445894.8616093 |
| 2024-12-03 | 0.05169 | 0.05532 | 0.04634 | 0.05352 | 353748.6692045 |
2.2 Analysis
The recent price action indicates a potential short-term bearish correction after a significant upward trend. However, underlying strength suggests a resumption of the uptrend is likely in the medium to long term. Increased volatility is expected in the near future, with a potential support level around 0.034 and resistance around 0.055. A break below 0.034 would signal a more significant bearish correction. Continued volume increase alongside price movement will validate the overall trend.
