The post Polkastarter Price Surges 17% as PolkaTrader Launch Nears appeared first on Coinpedia Fintech News
Polkastarter price has rallied sharply, posting a 17.68% daily gain to $0.2168, while maintaining a 7-day rise of 11.81%. Its market cap hit $21.51 million, while 24-hour trading volume soared to $5.87 million, up over 20%. The token traded between $0.1834 and $0.2324 in the past 24 hours, showing high intraday volatility.
The rally follows a wave of bullish developments. Polkastarter is preparing to launch PolkaTrader, an AI-powered trading hub arriving on September 1. Which would be accessible only to wallets holding ≥500 POLS or 2025 IDO participants. The exclusivity model has created buy-side pressure, with accumulation driven by users seeking advanced trading tools.
Additionally, a major CEX marketing partnership, teased on August 21, is expected to go live within 48 hours, amplifying sentiment. These follow earlier moves like removing the 7-day IDO cooldown in May and lowering participation thresholds, which increased retail access to token sales and improved staking liquidity.
POLS Price Analysis:
Technically speaking, POLS price has broken above its 7-day SMA at $0.1935 and 30-day EMA at $0.1957, confirming short-term strength. The MACD histogram flipped positive at +0.0011, and the RSI (14) stands at 71.70, signaling overbought conditions.
Current price action is pressing against key resistance near $0.22985, which aligns with the Fibonacci 38.2% retracement level at $0.23197. If bulls maintain momentum with sustained volume, a push toward the next major ceiling at $0.2475 is possible.
However, the overbought RSI suggests short-term profit-taking could occur around these resistance levels. A pullback could find support near $0.2034, while a deeper retracement may test the 20-day SMA at $0.1941. Traders should watch for price consolidation before a potential breakout.
FAQs
POLS is gaining on strong ecosystem updates, including PolkaTrader’s launch and a new exchange partnership, which are driving token demand.
Key resistance lies near $0.23–$0.25, while support zones are at $0.20 and $0.19 if profit-taking sets in.
Yes, the RSI reading above 70 indicate overbought conditions, meaning short-term pullbacks are possible despite the bullish trend.
