Pingpong (PINGPONG) is currently on the verge of a potential breakout, according to a revelation disclosed today by market analyst Crypto Alice. As per an observation made by the analyst, PINGPONG’s today surge makes it a candidate to join the top crypto gainers list soon. Today, the token experienced a remarkable 34.3% surge noted early morning, attracting attention from multiple market analysts, including the likes of TIGER, Crypto Alice, among others.
As per CoinGecko metrics, PINGPONG (PINGPONG) is a cryptocurrency powering a DEPIN liquidity platform that provides users with real-world services like wireless connectivity, computing power, real-world data, etc.
PINGPONG Forms Falling Wedge
This week, the overall crypto market experienced heavy selling pressure. However, some tokens (such as PINGPONG and others) recorded impressive momentum. The market analyst known as Crypto Alice today identified a robust bullish pattern that is developing a falling wedge on PINGPONG’s weekly trading chart. Traditionally, this pattern is an indicator of a massive breakout that is set to follow. According to the analyst, PINGPONG is displaying a falling wedge breakout, and the virtual asset appears to be ready to embark on a market rally.
A falling wedge is a bullish reversal pattern that builds up when the price drops, but in a decreasing range. It is an indicator that selling pressure is declining, and eventually, buyers overpower sellers and price breaks upwards. As illustrated in the analyst data, after months of price falls and lower lows, PINGPONG has finally broken out of its falling wedge and is currently testing the breakout zone (as indicated in the data).
PINGPONG has declined by 15.2% and 68.3% over the past week and month, respectively. Despite the recent fall, the token is showing momentum strengths. The asset is undergoing a falling wedge test while stabilizing its position above significant regions of support as noted today. As seen in the data, PINGPONG has been holding firm around the $0.00328 and $0.00400 support region for multiple days now as the descending wedge pattern develops a looming strong breakout towards the $0.00800 resistance level (as pointed out by the analyst).
The huge 42.82% increase in the asset’s trading volume recorded today is another indicator that serious buyers are increasingly entering the Pingpong market, making the asset primed to trigger the next move.
What Next for PINGPONG?
Today, the wider crypto market fell by 2.33%, making its market cap currently trade at $3.01 trillion. Meanwhile, several established cryptocurrencies have dropped significantly, led by Bitcoin and Ethereum, which decreased by 2.28% and 4.54%, making the prices currently trading at $89,236 and $2,966, respectively. This significant market decrease happened after the US President Trump warned of new trade tariffs on products imported from major countries.
Despite the wider crypto market slip, PINGPONG made one of its biggest comebacks in months. The DEPIN crypto token spiked almost 35% in earlier today, the sharpest rebound since its inception in September 2025.
The sharp rally has attracted everyone’s attention, with many wondering the main reasons why the token is up today. One of the key catalysts behind its price gain is the rising user demand for the asset’s DePIN offerings. This signals growing institutional investor interest in the token’s real-world use cases serving needs like computing resources and internet connectivity.
from Crypto News: Bitcoin, Ethereum & Price Data | BlockchainReporter https://ift.tt/GxflahV
via IFTTT
