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Zeus Network Price Prediction: ZEUS Plunges 11% In A Week As This World-First AR/VR ICO Charges Toward $6 Million

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Zeus Network price
Zeus Network price

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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.

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.

Zeus

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.

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