Wormhole Price Prediction: W Soars 14%, but Investors Turn to World’s First AR/VR Presale for Potential Explosive Profits.

wormhole price rapidly increase It has risen more than 14% in the past 24 hours as investors have begun to re-accumulate the token, trading at $0.6228 as of 12:55 a.m. EST.

The rise in the price of W was enough to turn the weekly performance into the green, with the altcoin up more than 8% over the past seven days. However, on a monthly basis it is still down more than 54%.

Wormhole price trapped in consolidation

W/USDT 4-hour chart (Source: TradingView)

that much worm-hole The price attempted to break out of the medium-term consolidation phase between $0.5058 and $0.6700 over the past 24 hours. However, sellers were able to prevent this from happening and it was rejected by $0.6700 resistance.

W is likely to continue consolidating over the next 24 hours. After the recent rejection, the altcoin may correct towards $0.5058 in the coming hours.

If Wormhole price rises above the $0.6700 barrier in the next 48 hours, traders may perceive the breakout of the consolidation channel as a long-term entry. This potential influx of buying pressure could send W on a price discovery journey.

In this optimistic scenario worm-hole The price may attempt to challenge the $0.9193 threshold in the near term. Reaching a 4-hour candle above this mark could push the cryptocurrency price higher over the next few days.

On the other hand, a drop below the $0.5058 support in the next 24 hours could invalidate the bullish argument. In this alternative scenario, due to W’s lack of technical support, there may be a risk that the Wormhole price could correct to $0.4169 before potentially falling further.

Buyers cannot use their advantage to increase the wormhole price

Over the past 24 hours, a major short-term bullish signal has been triggered on W’s 4-hour chart. Technical indicators are still strong but suggest buyers are losing steam.

On the last day of trading, the Moving Average Convergence Divergence (MACD) line crossed above the MACD signal line. Initially, this indicates that W has entered a short-term bullish phase. However, the narrowing gap between the two lines warns that this positive period may soon come to an end.

Meanwhile, the relative strength index (RSI) rose above the simple moving average (SMA) line on the 4-hour chart. Traders typically identify these technical events as a sign that buyers have an advantage over sellers.

However, the bulls were unable to make the most of the opportunity as the sellers now appear to be accumulating strength again. This can be seen by the MACD line collapsing towards the SMA line.

With W stuck in a sideways channel, investors are rushing to buy 5thScape (5scape) has already raised over $5.6 million during the ICO.

Combining multiple technologies into one super product

5thScape is an innovative project seeking to establish itself in the fast-growing AR/VR industry. What sets it apart from its competitors is the tokenization element included in the 5thScape ecosystem.

The 5thScape team has launched its own token called 5SCAPE, based on the belief that tokenization will soon play a significant role in the realm of virtual reality. In addition to serving as a utility token on the platform, the cryptocurrency offers holders the ability to earn passive rewards through dynamic staking pools.

Partially funded by player subscriptions and premium content purchases, the liquidity of this staking pool will increase as more people join the 5thScape platform. This means users can earn higher profits.

Potential 10X Opportunity

5thScape cleverly combines cutting-edge technologies to create one super app. Moreover, the project is a smart play on the emerging fields of tokenization, blockchain gaming, and AR/VR.

🍏🆚🔮 When it comes to immersive technology, the choice is clear. Apple Vision Pro and Meta Quest 3. Apple dazzles with 4K visuals, custom design, and spatial audio. Meta Quest 3 offers a reasonable price and a wide selection of apps. It’s a battle between innovation and accessibility!#5th scenery… pic.twitter.com/jQC0mYpBHf

— 5th Scape (@5th_scape) April 24, 2024

This strategic combination makes 5thScape’s native 5SCAPE token perfectly poised to benefit from the rapid growth of these industries.

To get a potential 10X opportunity at this early stage, investors can purchase tokens on the official website. Selling for $0.00327, 5SCAPE can be purchased using ETH, MATIC, BNB, USDT or bank cards.

Buy 5SCAPE on the official website here.

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