The overall market is a bit sluggish, with many tokens following the decline, but one coin is defying the trend and surging upward—that's PORTAL. Looking at the data, it has increased over 6% in 24 hours, and over the past week, it has surged nearly 18%, with the price quickly climbing back to around $0.0246. On the technical side, everything looks "prosperous": moving averages are diverging upward, MACD has a golden cross, RSI is also in the strong zone, plus narratives like "raising $25 million in funding" and "connecting with over 200 games." At first glance, it seems like a new round of market rally is about to start.



But if you've experienced it yourself or heard about PORTAL's previous "glorious history," you might have big doubts in your mind. This coin is not the first time it has played this kind of game. When the market is good, it may remain unnoticed or even decline gradually; once the overall market weakens and hot topics are scarce, it suddenly jumps out to "stand out alone," quickly pumping up the price to create an illusion of "strong resistance to decline" and "about to break through." After attracting enough attention—especially from retail investors who see the gains and rush in—it often results in a fierce harvest.

In simple terms, this is a typical "counter-market pump to attract buyers." The project team’s chips might be very cheap, and during market downturns, they exploit the psychology of funds having nowhere to go. With relatively small investments, they can push the price up, creating attractive candlesticks and technical indicators. Various "insight reports" and positive news will also appear at the right time to hype up the atmosphere. When you think it’s really about to take off and bravely chase in, chances are you’ll end up holding the chips they distribute.

So, don’t be fooled by its current rise. For PORTAL, seasoned investors see through it clearly. Whether its fundamentals and long-term value justify this surge is a huge question mark. More often than not, it’s a carefully planned "invitation" to lure unsuspecting newcomers to buy in. $PORTAL #市场触底了吗?
PORTAL-9.52%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)