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The Digiverse price has plummeted 24% in a month and a fraction of a percent in the past 24 hours to trade for $0.6103 as of 00:57 a.m. EST time on trading volume that plunged 56%.
The altcoin has been consolidating, amid a lull in the cryptocurrency market. Despite the drop, the altcoin is trending, alongside cryptos including Wormhole (W), Ethena (ENA), Dogwifhat (WIF), Bitcoin (BTC), Book of Meme (BOME), and Solana (SOL).
🔥 Top 10 Trending #crypto Projects of the Day
1. $W
2. $DIGI
3. $ENA
4. $WIF
5. $BTC
6. $BOME
7. $SOL
8. $DEGEN
9. $PEPE
10. $PENDLE— Ava monaro (@AvaMonaro) April 7, 2024
As the Bitcoin price remains in a lull, trading sub-$70,000, the broader market’s upward momentum appears to be stalled, with DIGI displaying the same outlook. But some analysts sill anticipate an altseason will come soon.
People ask; ‘Do we get an ‘altseason?’’
Yes, we do.
We always have one, we’ve seen Memes, $SOL ecosystem & AI.
Next are likely $ETH ecosystem, DePIN & RWA.
— Michaël van de Poppe (@CryptoMichNL) April 7, 2024
As the countdown to the halving continues, some market watchers forecast capital rotation in favor of altcoins, and see the current dip as an entry opportunity for late bulls.
During the weekend, #Bitcoin is back at $70K.
– The markets are stronger than we think they are.
– Dips on #Altcoins are massive entries.
– There is a likely case of a new ATH pre-halving.
– The rotation towards Altcoins is coming.— Michaël van de Poppe (@CryptoMichNL) April 7, 2024
From a technical standpoint, resistance due to the 200-day Exponential Moving Average (EMA) at $0.7148 suppresses the Digiverse price.
Digiverse Price Prediction As DIGI Confronts Resistance Due To 200-EMA
The Digiverse price is stuck within the confines of a descending parallel channel, with the potential for extended losses as the 200-day EMA offers resistance.
The position of the Relative Strength Index (RSI) below the 50 mean level is also a bearish sign, tilting the odds further in favor of the downside. With such an outlook, the Digiverse price could extend the fall, potentially as low as to clear the $0.5724 range low before the DIGI token can become attractive for buying again.
TradingView: DIGI/USDT 1-day chart
Converse Case
On the other hand, if the bulls seize the opportunity to buy the correction, the Digiverse price could push north. The ideal situation would be a flip of the 50% Fibonacci placeholder at $1.2277 into support. This would encourage more entries, particularly among the skeptics. However, for the bullish thesis to be invalidated, the Digiverse price must extend the climb to close above $1.8625.
In a highly bullish case, the gains could see the Digiverse climb take back the $2.5200 range high, levels last tested on January 23.
Meanwhile, investors are pivoting to 5SCAPE, the powering token for the world’s first AR/VR project. Its presale is now charging toward $5 million as investors rush to buy before a price increase in about 15 hours.
Promising Alternative To Digiverse
5SCAPE powers the 5th Scape ecosystem, an innovative AR and VR cryptocurrency. It is set to transform entertainment and learning as we know it, with its ongoing ICO already gathering upwards of $4.2 million and tokens available at $0.00285 each.
The hallmark of the 5th Scape project is a comprehensive ecosystem that blends high-quality gaming with blockchain technology. The project offers a range of realistic sports, combat, and racing games designed to immerse players in virtual reality worlds.
VR is the future. Learn how the University of National Horizons Centre is Leveraging VR & MR.#VR pic.twitter.com/PKBVqVYUwf
— 5th Scape (@5th_scape) March 20, 2024
5th Scape plans to dominate the sector with cutting-edge hardware like the VR Ultra headset, boasting top-notch visuals and motion tracking. The headset comes with custom gaming chairs for maximum comfort during long gaming sessions.
From immersive games and hardware to its versatile token model, 5th Scape’s team envisions a unique blend of VR and Web3. This ambitious vision appears to be a major factor behind the significant demand for its ICO.
With the listing price fixed at $0.01, investors who buy now can lock in gains of 250% before launch. If you are interested, buy now before an imminent 15% price increase.
Also Read:
- Top 3 Presale Gems with 100x Potential – 5th Scape, Dogecoin20, and Slothana
- Step into Tomorrow: 5th Scape’s VR Ecosystem Set to Unleash Gaming Innovation
- 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
- 5th Scape Unlocks Unmatched VR Adventures With Token Presale – Why Investors Shouldn’t Miss the Opportunity
- What is a Crypto Presale? A Quick Guide to Getting in on the Ground Floor of New Cryptocurrencies!
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