Latest Pocket Network (POKT) Price Analysis

Deep Dive

1. Exchange Liquidity Normalization (Bullish Impact)

Overview:
Bithumb and Upbit lifted POKT deposit/withdrawal suspensions on August 12 after completing a mainnet upgrade (Bithumb). This restored full trading capabilities, reducing uncertainty and allowing trapped liquidity to re-enter markets.

What this means:
Exchange resumptions typically reduce sell pressure from users needing to exit positions, while upgrades signal protocol maturity. POKT’s 13.7% 24h volume surge to $4.05M aligns with this, suggesting renewed trading interest.

What to look out for:
Sustained volume above $5M/day would confirm liquidity recovery.

2. Technical Rebound from Key Levels (Mixed Impact)

Overview:
POKT reclaimed its pivot point at $0.0374, a critical support/resistance zone. The 200-day EMA ($0.0276) remains intact, but the MACD histogram (-0.000198) signals lingering bearish momentum.

What this means:
Traders may interpret the bounce as a dip-buying opportunity after a 28.5% 30-day decline. However, resistance at the 38.2% Fibonacci level ($0.0507) could cap upside without stronger catalysts.

3. Decentralized Infrastructure Narrative Revival (Bullish Impact)

Overview:
Pocket Network’s recent tweets (August 19) emphasized its “Free Speech Tech Stack” for censorship-resistant data access, resonating with growing demand for decentralized AI/Web3 infrastructure.

What this means:
Narrative-driven rallies often boost altcoins during neutral/bullish macro conditions. POKT’s 168% 90-day gain shows latent momentum, though short-term traders may take profits near $0.040–0.042.

Conclusion

POKT’s rebound reflects a mix of technical factors, exchange-driven liquidity flows, and renewed narrative interest. While the 24h move outpaces the broader market, resistance near $0.040–0.042 and high circulating supply (2.25B POKT) warrant caution. Key watch: Can POKT hold above its 30-day SMA ($0.0414) to signal trend reversal?

TLDR
Pocket Network (POKT) fell 5.74% in the past 24h, extending a 7-day decline of 9.83% amid broader market weakness and technical breakdowns. Key factors:

1. Exchange suspensions – Bithumb and Upbit halted POKT deposits/withdrawals for a mainnet upgrade, limiting liquidity.
2. Technical weakness – Bearish RSI (40.98) and MACD cross below signal line signal momentum loss.
3. Market-wide pullback – Crypto total cap fell 1.48% as Bitcoin dominance rose to 58.73%, pressuring altcoins.

Deep Dive

1. Exchange Liquidity Constraints (Bearish Impact)

Overview:
Bithumb and Upbit suspended POKT deposits/withdrawals on August 12 ahead of Pocket Network’s mainnet upgrade (Bithumb, Upbit). While trading continued, the restrictions likely reduced short-term liquidity and amplified sell-side pressure from traders avoiding locked funds.

What this means:
- Reduced access to KRW markets (critical for POKT, given 250% price surge post-Upbit’s May 2025 listing).
- Historical precedent: Similar suspensions during upgrades have triggered 5-15% price dips in other tokens due to precautionary selling.

What to watch:
Resumption timelines and post-upgrade network stability reports from exchanges.

2. Technical Breakdown (Bearish Momentum)

Overview:
POKT broke below critical support levels:
- 7-day SMA: $0.038 → Current price: $0.0359
- MACD: Bearish crossover confirmed on August 20
- RSI: 40.98 (approaching oversold but no divergence yet)

What this means:
Algorithmic traders likely exacerbated the drop after the SMA breach, while the lack of RSI divergence suggests continued downside risk. The next key support is the 200-day SMA at $0.0275 – a 23% drop from current levels.

3. Altcoin Underperformance (Mixed Impact)

Overview:
POKT underperformed the broader crypto market (-5.74% vs. -1.48% total cap) as Bitcoin dominance hit 58.73%, its highest since June 2025. The Altcoin Season Index fell to 42/100, reflecting capital rotation from mid-caps like POKT to large caps.

What this means:
- POKT’s 90-day rally of 166% (ending July 2025) made it vulnerable to profit-taking during risk-off shifts.
- Declining turnover ratio (0.0525) signals thinning liquidity, increasing volatility risk.

Conclusion

POKT’s drop combines coin-specific liquidity constraints, technical breakdowns, and sector-wide risk aversion. While the Shannon upgrade’s long-term promise remains (general-purpose data fabric), short-term traders appear focused on macroeconomic headwinds and Bitcoin’s dominance.

Key watch: Can POKT hold the $0.035 Fibonacci support (78.6% retracement of 2025 rally) ahead of the upgrade’s full rollout?