The overall market is a bit sluggish, and many tokens are falling, but there is one coin that is rising against the trend, and that is PORTAL. Looking at the data, it has risen more than 6% in the last 24 hours and almost 18% in a week, with the price bouncing back to around 0.0246 USD. The technical indicators are all 'prosperous': moving averages are diverging upwards, MACD has a golden cross, and RSI is also in the strong zone, not to mention the narratives of 'securing 25 million in financing' and 'connecting over 200 games', which at first glance seems like a new round of market activity is about to start.
But if you have experienced, or heard about the 'glorious history' of PORTAL before, you might have a big question mark in your mind. This coin is not the first time playing this kind of routine. When the market is good, it may remain silent or even decline quietly, but once the overall market weakens and lacks hotspots, it jumps out to 'shine alone', quickly pulling up the price to create an illusion of 'strong resistance to decline' and 'about to break through'. By the time it attracts enough attention, especially from retail investors who are eager to jump in because of the rising price, it often leads to a cruel harvesting.
To put it bluntly, this is a typical case of 'pulling the market against the trend to attract buyers.' The project's cost basis might be very low, and by leveraging the market's psychological state during a downturn when funds have nowhere to go, they can push the price up with relatively small amounts of capital, creating impressive candlestick patterns and technical indicators. Various 'insight reports' and positive news will also appear in due time, setting the atmosphere just right. By the time you think it's really about to take off and bravely jump in, you're most likely just picking up the chips they have distributed.
So, don't be fooled by its current surge; for PORTAL, the seasoned investors know what's going on. Whether its fundamentals and long-term value justify this spike is a huge question mark. More than anything, this feels like a carefully orchestrated 'invitation' for unsuspecting newcomers to come in and pay up.$PORTAL
