Latest Pocket Network (POKT) Price Analysis

Deep Dive

1. Cosmos Infrastructure Deal (Bullish Impact)

Overview: Pocket Network partnered with staking provider Kleomedes on September 3 to decentralize Cosmos’ RPC infrastructure, replacing centralized nodes from Amazon and Hetzner. The deal covers 14 Cosmos chains and introduces Pocket’s $2.50/million relays pricing – 30-75% cheaper than competitors.

What this means: Reduced reliance on centralized providers could drive demand for POKT tokens as Cosmos builders adopt Pocket’s services. The network already routes 1 trillion daily relays, and this partnership may accelerate node growth and token utility.

What to watch: Early adoption metrics from Cosmos chains like Osmosis and Juno.

2. Technical Bounce from Oversold Levels (Mixed Impact)

Overview: POKT’s 14-day RSI hit 30.98 (oversold) on October 2 before rebounding. The price remains below key resistance at the 30-day SMA ($0.0308), with the MACD histogram showing weak bullish divergence (-0.00043697).

What this means: The bounce reflects temporary relief buying, but sustained recovery requires closing above $0.0308. Long-term trends remain bearish, with the token down 21% over 30 days amid high circulating supply (2.27B POKT).

Key level: A close above $0.02626 (Fibonacci 78.6% retracement) could signal further upside.

3. Post-Upgrade Liquidity Shifts (Neutral Impact)

Overview: Major exchanges like Bithumb and Upbit halted POKT deposits/withdrawals during August’s mainnet upgrade, causing temporary illiquidity. Trading resumed fully by September, but volumes remain thin ($1.48M 24h turnover).

What this means: While exchange support reduces operational risks, the 24h volume-to-market cap ratio of 2.52% signals low conviction. Recent listings failed to replicate May’s 250% surge post-Upbit KRW pairing.

Conclusion

POKT’s 24h gain stems from a strategic partnership and technical rebound, but weak volume and persistent supply overhangs limit upside. Key watch: Can the Cosmos collaboration drive measurable relay growth, or will the token retest its September low of $0.0235? Monitor hourly closes above $0.0263 for directional cues.

Deep Dive

1. Technical Breakdown (Bearish Impact)

Overview: POKT trades at $0.0238, below all key moving averages (7-day SMA: $0.0261, 30-day SMA: $0.0313). The RSI7 at 10.87 indicates extreme oversold conditions, while the MACD histogram (-0.000687) confirms bearish momentum.

What this means: Oversold RSI levels often precede short-term bounces, but sustained prices below the 30-day SMA ($0.0313) suggest weak buyer conviction. The Fibonacci 23.6% retracement level at $0.0332 now acts as critical resistance.

What to watch: A close above the 7-day SMA ($0.0261) could signal relief, while failure to hold $0.0235 (current swing low) may extend losses.

2. Post-Upgrade Liquidity Drain (Mixed Impact)

Overview: Major exchanges like Upbit and Bithumb suspended POKT deposits/withdrawals in August for network upgrades. While services have resumed, the 24h trading volume remains low at $1.3M (-14% from prior day).

What this means: Thin liquidity amplifies price swings. The token’s 0.024 turnover ratio (volume/market cap) indicates limited institutional interest, leaving POKT vulnerable to retail-driven volatility.

3. Altcoin Market Dynamics (Bearish Impact)

Overview: While the crypto market cap rose 3.53% in 24h, POKT underperformed. The Altcoin Season Index (63) has dipped 11% weekly, signaling capital rotation toward larger-cap assets.

What this means: Mid-cap infrastructure tokens like POKT often lag during neutral-to-cautious market phases. Bitcoin’s dominance (58.19%, +0.15% daily) further highlights risk-off sentiment.

Conclusion

POKT’s mild 24h drop reflects technical exhaustion, post-upgrade liquidity challenges, and a risk-averse altcoin market. While oversold conditions could spark a rebound, the token needs sustained network growth (e.g., Cosmos partnership-driven relays) to reverse its 30-day -28% trend.

Key watch: Can POKT hold the $0.0235 support level amid rising BTC dominance?