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The Ondo price has plunged 5.7% in the last 24 hours to trade at $0.7141 as of 6:31 p.m. EST.
The ONDO token, essential for powering the Ondo DAO and Flux Finance, has soared 43% in the past week, making it the top performing crypto among the top 100 tokens by market capitalization.
Since its listing two months ago, ONDO has generated returns of over 350%.
Ondo Price Consolidates, Forming A bullish Flag Pattern
ONDOUSDT Analysis By Tradingview
The battle for price dominance has resulted in a consolidation channel, which has also led to the formation of the bullish flag pattern.
With Ondo price remaining relatively stable within this range, there is a high chance that the bulls may push the price to the upside, initiating another bull rally
Starting from the support level around $0.40, there’s been a gradual climb as bulls gained momentum, pushing the price up to $0.82
The price indicates a drop below the 50 and 200 Simple Moving Averages (SMAs), indicating that the bears have control. However, if the lower boundary of the flag remains firm, the price might rebound, allowing the Bulls to fly at a price above the average. Moreover, the moving average cross at $0.45 confirms the general bullish momentum for the Ondo price.
The Relative Strength Index (RSI) indicates a bounce on the 30 oversold level. Increased momentum should see the price fly past the 50 midline level, entering the overbought level of 70.
Ondo Price Bulls Gear Up For Another Bull Rally
The bullish momentum in Ondo price is holding steady as buyers gear up for a push towards surpassing the current resistance at $0.82. Increased momentum should have the bulls initiate a 23% surge, leading to a new record high at $0.97 in the coming weeks.
Conversely, if the price slips below the lower boundary of the flag, it may encourage bearish activity, pushing the price down and prompting the bulls to retreat towards the $0.54 support zone.
For investors seeking portfolio diversification, Ondo is not the only crypto showing bullish momentum, with innovative crypto presale 5thScape having just blasted past $2 million in funds raised.
Buy 5SCAPE Now, ”The Next Best Thing Of The Decade”
The 5thSCAPE crypto presale is an exciting opportunity for investors to get in on the ground floor of a promising new cryptocurrency project.
5SCAPE aims to revolutionize the gaming industry by combining blockchain technology and virtual reality (VR) as the first-ever AR/VR mixed-reality crypto platform.
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
Crypto YouTuber Michael Wrubel is bullish about 5Scape and says it might be the next Sandbox. He believes it could return gains of up to 200X on launch.
With the VR gaming industry projected to experience a 22.7% compound annual growth rate between 2023 and 2030, 5SCAPE is well-positioned to capitalize on this growing market.
The team is committed to making many VR games that work smoothly on well-known VR headsets like Oculus Rift and Meta Quest 3.
Earn More Through Play To Earn And Staking
As part of the 5SCAPE ecosystem, token holders will have exclusive access to premium VR content and devices, including a proprietary VR headset and gaming chair.
Additionally, the staking mechanism offers in-game advantages, lifetime free access to the 5SCAPE ecosystem, and early access to new VR content and community interaction.
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
Using the play-to-earn feature of 5thScape, investors can generate passive income by participating in Web3 games such as MMA Cage Contest, Thrust Hunter, Immersive Kickoff, and Archery Master.
🚀 #5thScape's latest update on our MMA Cage Conquest game development! 🥊 Get ready for heart-pounding action and adrenaline-fueled battles as we push the boundaries of gaming realism! #MMA #ComingSoon🥊 #VRGaming #Bullrun2024 pic.twitter.com/n4OnGnnYQI
— 5th Scape (@5th_scape) February 12, 2024
The current price of the 5SCAPE token is $0.00215, but this will increase by 15% in less than 12 hours. With the launch price set at $0.01, buying now locks in gains of 365% by the time 5SCAPE lists.
You can swap ETH, MATIC, USDT, or BNB for 5SCAPE tokens via a digital wallet on the website or buy directly with your bank card.
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