Pirate Nation Price Goes Ballistic With A 107% Surge Following Its Listing On Coinbase and Other Exchanges
The Pirate Nation price has surged 107% in the past 24 hours to trade at $0.3870 at 8:24 a.m. EST. The altcoin also boasts a surge in the 24-hour trading volume of 198% to $76 million.
The surge in PirateNation’s price comes as it secured a listing on one of the leading US exchanges, Coinbase, and other centralized platforms.
Coinbase will add support for Pirate Nation (PIRATE) on the Ethereum network (ERC-20 token). Do not send this asset over other networks or your funds may be lost. Transfers for this asset are available on @Coinbase & @CoinbaseExch in the regions where trading is supported.
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 13, 2024
The exchange further noted that it will add support for Pirate on the Ethereum Network (ERC-20). If the liquidity conditions are met, asset trading will begin later today. Additionally, once a sufficient asset supply is established on Coinbase’s PIRATE/USD, the trading pair will launch in phases.
Trading will begin later today if liquidity conditions are met. Once sufficient supply of this asset is established trading on our PIRATE-USD trading pair will launch in phases. Support for PIRATE may be restricted in some supported jurisdictions.
— Coinbase Assets 🛡️ (@CoinbaseAssets) June 13, 2024
Further, Crypto.com and CoinEX have listed the coin, hence accelerating the surge in Pirate Nation’s price in the market.
Pirate Nation is listed in the https://t.co/vCNztATSCO App 🔔
Purchase $PIRATE easily with USD, EUR, GBP, and 20+ fiat currencies.
Download the App to trade #PIRATE now!For more details – https://t.co/PUxRdAzDi0@PirateNationFDN pic.twitter.com/075Cdcx8pz
— Crypto.com (@cryptocom) June 14, 2024
Pirate Nation Prediction Statistical Data
- Pirate Nation price now – $0.3870
- Pirate Nation market cap – $99.57 million
- Pirate Nation total supply – 1 billion
- Pirate Nation circulating supply – 264.5 million
- Pirate Nation ranking – #2664
The Pirate Nation is trading bullishly on a rising channel.
Pirate Nation’s Technical Analysis
Based on the outlook of the technical indicators, Pirate Nation has experienced a significant surge, rising from a resistance level of around $0.2731 to $0.3870, with the bulls aiming to propel it higher.
Currently, the price is trading above the 50-day and 200-day Simple Moving Averages (SMAs), which signals a solid positive momentum. Further, this indicates a shift in momentum to the upside, pushing the price up as the bulls aim for a new all-time high.
The Relative Strength Index (RSI) also shows an uptrend above the 50 midline level, sitting in the 70 overbought zone. This solidifies a bullish sentiment, reinforcing the upward trend in PIRATE’s price in the marketplace.
The MACD (Moving Average Convergence Divergence) indicator signals a bullish trend. The blue average line crosses above the orange signal line at the neutral level, signalling a shift towards bullish momentum. Additionally, the histogram bars indicate positive momentum in the price movement, further supporting the bullish outlook.
Pirate Nation Price Prediction
The bullish moving averages have allowed the bulls to drive the price up in the rising channel after experiencing a technical barrier at around $0.2731 to $0.3870. This has enabled traders and investors to make some profit in the market.
However, a breach above this level could give the bull’s hind wings a chance to fly the price to a new high of $0.4500 in the coming days.
In a dire case, the bears might take over the price, forcing the bulls to take a downturn and reach the $0.2338 support zone.
Bottom Line
As the altcoin is boasting gains in the marketplace, there is a possibility of a bearish reversal if the bulls don’t maintain the steam in the market. Traders and investors need to be more cautious. This is after the Pirate Nation price recorded higher lows and lower highs over the past hours, suggesting that PIRATE is losing bullish steam and might be at risk of a correction anytime soon.
Notably, based on Welles Wilder’s interpretation of the RSI, an asset is only ripe for selling once the RSI crosses below the 70 thresholds.
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
Emmaculate Araka
Emmaculate Araka is a cryptocurrency writer with published works on Crypto2Community and other news sources. She is believer in the transformative power of crypto and the blockchain industry, conducting on-chain analysis, breaking down market-triggering events, and helping traders and investors benefit from expert technical price analysis. Emmaculate finds gratification in diving deep into the crypto space, earning herself significant knowledge and experience. She holds a Bsc. in Information Science, and outside work, Emmaculate loves reading novels and watching documentaries.
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