PAAL AI (PAAL) Might See a Recovery Rally as Active Addresses Register a Three-Month High

Telegram coin PAAL AI (PAAL) marked a surprising move over the last 24 hours, whiplashing during a bearish market.

PAAL price soared by 28% in 24 hours.

This price action triggered a return of investors to the network.

PAAL price displayed a strong resilience against the bearish market.

The Telegram coin (CRYPTO: PAAL) price saw a surprising move over the last 24 hours, surging despite the broader market’s bearish conditions.

What Happened: PAAL price witnessed a 28% increase over the last 24 hours, pushing the altcoin to $0.218 at the last check. This price action follows a whipsaw movement for PAAL, which saw a 36% rise in active addresses — a three-month high.

PAAL investors are known to participate in the network around the beginning of rallies or when profits are high. Given that the latter is not the case, it could be possible that the Telegram coin is looking at a recovery rally.

This would make accumulation a smart choice at the current prices, as indicated by the Market Value to Realized Value (MVRV) ratio, which assesses investor profit and loss.

Currently, PAAL AI’s 30-day MVRV stands at 10%, indicating losses and possible buying pressure. Historically, PAAL MVRV between -8% and -18% usually signals the start of recoveries or rallies. This makes it a good area for accumulation and is labeled as an opportunity zone.

Thus, if these conditions impact the price, PAAL AI could see a recovery.

PAAL Price Prediction: Supply Might Meet Demand — PAAL price had evidenced bullishness, which was evident in yesterday’s intra-day high when the Telegram coin noted a 94% rise.

Furthermore, in the last 24 hours, the altcoin had already marked a 28% rise.

PAAL is presently attempting to flip the resistance at $0.218 into support after bouncing from $0.172. This could enable further recovery, pushing the altcoin back above $0.300.

However, the Telegram coin had noted recovery within $0.218 and $0.172 in early July. A failed breach could result in a similar outcome, albeit for the short term, invalidating the bullish thesis.

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