🚨 $PORTAL Soars 83% in 24H — Here’s What Triggered the Surge
PORTAL skyrocketed 83% after the Monad Foundation acquired Portal Labs on July 10, making it a key component of their stablecoin payment infrastructure. With Citi forecasting a $3.7 trillion stablecoin market by 2030, this move puts PORTAL in a strong strategic position.
💥 The momentum didn’t stop there. Integration with Coinbase Base introduced support for cbBTC, cbXRP, and cbDOGE, boosting cross-chain liquidity. Add to that an OKX listing and a 40% reduction in bridge fees — and you've got ideal conditions for a DeFi breakout.
📈 On the technical side, PORTAL broke above key Fibonacci levels with RSI(7) at 69.24, and volume exploded by 832%, highlighting strong buying interest.
🐋 Whales are jumping in — on-chain data shows large PORTAL outflows from exchanges, reducing sell-side pressure.
⚠️ The question now: Can PORTAL stay above the $0.0395 Fibonacci level, or will overbought signals from RSI lead to a pullback?