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The Zeus Network price has dipped by 11% in the past week and 4% in 24 hours to trade for $0.4099 as of 02:17 a.m. EST.
But trader @luanlatoi on X anticipates a bounce, arguing that the ongoing slump is merely a shake out.
Cả việt nam ai dám vào futures con #ZEUS ở thời điểm hiện tại ngoài tôi ? 🤷♂️$ZEUS với điều kiện thị trường và lực xả từ những người nhận air như mình thì việc #dump là quá bình thường
Nhìn chung là có lực hồi từ level này và mình đang thấy là có retest.… https://t.co/TOuUZAJzLQ pic.twitter.com/6TdaHFMikm
— Luân Là Tôi (@luanlatoi) May 8, 2024
Meanwhile, the 12-hour timeframe for the ZEUS/USDT trading pair shows that the altcoin is trapped below the confines of a descending trendline. With this roadblock capping the upside potential for the Zeus Network price, the dump could extend.
A break and close below the $0.3849 threshold would see the Zeus Network price extend the fall toward the range low of $0.3000 psychological level.
Noteworthy, the Relative Strength Index (RSI) is subdued below the mean level of 50. The Awesome Oscillator (AO) is also in negative territory, tilting the odds further toward the downside.
TradingView: ZEUS/USDT 1-day chart
On the other hand, if the $0.3849 support level holds as a support, the Zeus Network price could recover. A break above the descending trendline would kick off a recovery. To confirm the continuation of the uptrend, the altcoin must foray into the Fibonacci Golden Zone between $0.6768 and $0.8572.
Traders looking to take long positions on the Zeus Network price should wait for a decisive 12-hour candlestick close above the 38.2% Fibonacci retracement level of $0.8572. Beyond this level, the altcoin could extend the climb to the $0.9551 roadblock, or in a highly bullish case, reach for the $1.1455 range high.
Meanwhile, some traders are turning to the world’s first AR/VR crypto ICO, which is charging toward $6 million in its presale. YouTuber Oscar Ramos says it ticks all the boxes for a presale.
Promising Alternative To The Zeus Network
5SCAPE is the powering token for the 5thScape ecosystem, a project that aims to change the narrative in the VR and AR space. It brings in a new age for this technology, leveraging the currently-in-development Cage Conquest MMA game model to help deliver its goal.
🎮 Calling all VR and MMA aficionados! Get ready to be blown away as 5thScape is about to redefine virtual combat with "MMA Cage Conquest" – a game that thrusts you into the heart-pounding world of MMA in VR. 🥊
🌟 Brace yourselves for the "MMA Cage Conquest" launch on the Meta… pic.twitter.com/MHbKgKHIxb
— 5th Scape (@5th_scape) May 3, 2024
The project focuses on VR games, but plans are in place to integrate other forms of VR and AR content. Among them are educational experiences, social applications, and creative tools.
The early scenes of cage conquest are here. Come take a look. 👊🏼🎮#cageconquest #5thScape #vrgaming #VR #gamelaunch pic.twitter.com/QbFrLyWPOM
— 5th Scape (@5th_scape) April 17, 2024
The 5th Scape project’s 5SCAPE ticker is a utility token, with holders having unlimited access to premium VR content, voting rights, and potential staking opportunities.
The 5SCAPE token has multiple use cases. First, it provides access to premium VR content, such that holders receive exclusive access to games, experiences, and features within the platform.
Second, it is a Play to Earn (P2E) token, with this mechanism enabling players to get incentives with 5SCAPE tokens that can be traded upon listing.
Third, the token has a staking function, with details to be unveiled at a later date.
Step into new worlds of imagination. 🕹️🚀@5thScape is building a next-gen #VR and #metaverse ecosystem to redefine virtual reality.
Collect rare digital assets. The possibilities are endless!
Join the community – https://t.co/ewBcsEeltG#gaming #innovation #blockchain pic.twitter.com/hUe3cDDYnT
— 5th Scape (@5th_scape) February 11, 2024
With the listing price set at $0.01, buying 5SCAPE tokens now at $0.00327 locks in gains of almost 206% before launch. A 15% price increase is coming soon, so buy now if you are interested.
Also Read:
- The VR Industry Is All Set To Receive A Massive Boost Thanks to 5th Scape (5SCAPE)
- If You Believe In The Future Of AR/VR, 5th Scape (5SCAPE) Is The Best Project To Invest In
- How To Buy 5th Scape – 5SCAPE Token Presale Review
- 5th Scape Crypto Price Prediction – 5SCAPE Price Potential for 2024
- Best Penny Crypto Investments: Top Picks for Explosive Growth in 2024!
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