Pocket Network Transitions to New Stage with Leadership Change and Emphasis on Post-Shannon Decentralization (10 Nov)
Pocket Network's Development Milestone: Pocket Network has successfully completed the Shannon Upgrade, marking a significant step towards decentralization and resilience in its infrastructure for Web3 applications.
Transition of Technical Leadership: Grove, the previous centralized technical partner, will shift focus to developing new Web3 technologies while Pocket Network Foundation will enhance its decentralized engineering model with new leadership.
Innovative Future Initiatives: Upcoming projects include AI/LLM-consumable APIs and decentralized full-stack integrations, aimed at improving access to blockchain data for next-generation applications.
Commitment to Decentralization: Pocket Network remains dedicated to providing a seamless experience for Web3 builders, supported by a diverse group of node operators ensuring smooth and decentralized service.
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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | -0.00814 | 0.000361 | 0.008 | 0.0165 | 0.0241 | 0.0326 | 0.0403 |
| Fibonacci | 0.000361 | 0.00653 | 0.0103 | 0.0165 | 0.0227 | 0.0265 | 0.0326 |
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