Clearpool (CPOOL) Price Jumps Over 70%
Clearpool (CPOOL) price rose more than 70% on Wednesday. It is now trading above $0.173. This surge happened after Upbit, South Korea’s largest crypto exchange, confirmed it will list CPOOL. The price increase pushed Clearpool’s market cap above $136 million. This value is higher than rivals like PNUT and ZIG. Technical analysis suggests the price could reach $0.217 next.
Upbit Listing Drives CPOOL Rally
Clearpool is a decentralized capital markets platform. It allows institutional borrowers to get unsecured loans from the DeFi ecosystem. The main reason for the price jump is Upbit’s announcement. Upbit will list CPOOL with trading pairs against KRW and USDT. This listing usually means better liquidity and easier access for investors. It also boosts confidence in the token.
According to CoinGecko, Clearpool’s market cap passed $136 million on Wednesday. It now ranks 410th in the overall crypto market. It has overtaken altcoins like ZIGChain (ZIG) and Peanut the Squirrel (PNUT).
Clearpool Price Outlook: Bulls Target $0.217
CPOOL broke above a descending trendline on Wednesday. This trendline connected several highs since mid-August. The token gained nearly 73% and trades near $0.173. If the upward trend continues, the price could reach the August 14 high of $0.217.
The Relative Strength Index (RSI) is at 69 on the daily chart. This shows strong bullish momentum. The Moving Average Convergence Divergence (MACD) also shows a bullish crossover. This is a buy signal and suggests the price will rise.
If the price corrects, it may fall to test the 50-day Exponential Moving Average (EMA) at $0.129.
