Pocket Network Now World’s First Permissionless API Network with Launch of Shannon Protocol Upgrade

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jun 06 2025

Should l Buy POKT?

Pocket Network's Shannon Upgrade: The launch of the Shannon upgrade transforms Pocket Network from a decentralized RPC provider into the first permissionless Open API Network, enabling decentralized access to data crucial for AI training and cross-chain applications.
Key Features and Impact: The upgrade introduces native incentives, automatic quality scoring, and open coordination, positioning Pocket as a foundational layer for open data markets and addressing the urgent need for reliable, censorship-resistant data access in AI development.

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Technical Analysis for POKT

Technical Sentiment Analysis for Pocket Network (POKT) As of , Pocket Network (POKT) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 3 indicators are flashing buy, while 0 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for POKT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, POKT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Pocket Network (POKT) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	-0.00842	0.000218	0.00772	0.0164	0.0239	0.0325	0.04
Fibonacci	0.000218	0.00638	0.0102	0.0164	0.0225	0.0263	0.0325

About POKT

Pocket Network is a decentralized blockchain data platform - a protocol that is built to connect to any blockchain and service the data demands of Web3 dApps. Pocket Network uses cost-efficient economics to coordinate and distribute data at scale, using the POKT token to facilitate the protocol's service.Pocket Network nodes act as the middle layer that connects the protocol's 50+ supported blockchains with their ecosystems of dApps that require data from the chain. The network runs on a Proof-of-Stake (PoS) consensus mechanism that offers scalability and data consistency for dApps.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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