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PARTI +16.36% in 24H Driven by Strong Short-Term Momentum

PARTI +16.36% in 24H Driven by Strong Short-Term Momentum

ainvest2025/08/31 19:48
By:CryptoPulse Alert

- PARTI surged 16.36% in 24 hours, 137.97% weekly, and 63,480% annually, showing extreme short- and long-term bullish momentum. - Technical indicators like RSI and MACD confirm sustained buying pressure, with price above key moving averages reinforcing upward bias. - A backtesting strategy using overbought RSI and expanding MACD histograms aims to capitalize on continued momentum in simulated trading.

On AUG 31 2025, PARTI rose by 16.36% within 24 hours to reach $0.1691, PARTI rose by 137.97% within 7 days, rose by 413.83% within 1 month, and rose by 63480% within 1 year.

The recent price action of PARTI has demonstrated robust upward momentum across multiple timeframes. The 24-hour gain of 16.36% capped a week-long rally that saw the asset surge 137.97%, reinforcing a clear bullish trajectory. Over the past month, the cumulative gain expanded to 413.83%, while the annual performance remains one of the most dramatic in the market, with a staggering 63,480% increase. These figures highlight a market psychology increasingly skewed in favor of PARTI, supported by strong on-chain signals and growing investor interest.

Technical indicators have aligned with the recent performance to suggest continuation of the upward trend. The Relative Strength Index (RSI) remains elevated, indicating sustained buying pressure, while the Moving Average Convergence Divergence (MACD) shows a widening histogram, signaling increasing momentum. Additionally, price has remained above the 50-day and 200-day moving averages, a bullish configuration that has historically been associated with continued gains.

Backtest Hypothesis

A proposed backtesting strategy focuses on leveraging the same technical indicators—RSI and MACD—to capture continuation of upward price movement. The hypothesis is grounded in using overbought RSI levels as confirmation of bullish momentum rather than reversal signals. The MACD histogram's expansion is also used as a trigger to enter long positions. This approach assumes the continuation of the current trend and excludes short-term volatility or external shocks. The test would be applied to historical PARTI price data to evaluate the viability of such a momentum-driven strategy in a simulated trading environment.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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