OpenDAO Price Prediction as SOS Sees 65% Intra-day Reversal

0


Join Our Telegram channel to stay up to date on breaking news coverage

Despite a lack of obvious fundamental catalysts, OpenDAO’s SOS token has seen extraordinary volatility over the last few days. The token, which OpenDAO calls “the token of the metaverse”, is currently up over 90% versus its levels this time last week, an impressive rally. But that masks a huge intra-day reversal in SOS’s price seen on Tuesday.

SOS/USDT, currently changing hands at around $0.0000002 at one point flew as high as the $0.0000006 level. That means that, while up over 90% versus seven days ago, SOS has seen a 60% pullback from earlier session highs. According to CoinMarketCap, SOS has a market capitalization of around $21.5 million. While its normal for coin’s this small to be volatile, intra-day swings such as this most certainly are not normal.

OpenDAO
SOS sees 65% intra-day swing. Source: TradingView

Price Prediction – Where Next for SOS?

The recent rapid push higher in SOS has resulted in breakouts above a few key technical levels. Firstly, a few days ago SOS/USDT broke above a downtrend that had been capping the price action going all the way back to May. Its no wonder then that bullish momentum built up over the course of the next few days.

This bullish momentum on Tuesday sent SOS/USDT scortching above resistance in the $0.0000002 area, which now appears to be acting as support. The only concerning thing is that SOS failed to hold above its 200-Day Moving Average at $0.000000256 and is looking very over-bought, according to the 14-day Relative Strength Index (RSI), with a current RSI score of 84.5.

OpenDAO
SOS has broken key resistance levels. Source: TradingView

Needless to say, the technical picture has substantially improved for SOS in the short-run. Further rallies of the velocity of that seen on Tuesday are not to be expected. But the bulls will be hoping that SOS can claw its way back to Tuesday’s highs in the $0.0000006 area over the coming weeks, which would mark a more than 180% gain from current levels.

Altcoins Offering Quicker Returns

Major cryptocurrencies have been trading sideways for a few weeks now, leading some traders to start looking at alternatives with more potential in the short term. Listed below are some of the leading presales in the market, allowing investors to get in on the ground floor.

FightOut (FGHT) – Presale Launches

FightOut, a brand-new move-to-earn (M2E) fitness application and gym chain that seeks to bring the fitness lifestyle into web3, has opened its pre-sale and investors think the project could transform the existing web3 M2E landscape. While existing M2E applications such as STEPN only track steps and require expensive non-fungible token (NFT) buy-ins to take part, FightOut takes a more holistic approach to tracking and rewarding its users for their exercise and activity, and doesn’t require any expensive buy-ins to take part.

FightOut’s FGHT tokens are currently selling for 60.06 per 1 USDT, and interested investors are encouraged to move fast to secure their tokens, with the pre-sale having already raised over $2.17 million in just a few days. FGHT is the token that will power the FightOut crypto ecosystem.

Visit FightOut Now

Dash 2 Trade (D2T) – Presale Enters Final Stage

Those interested in investing in a promising crypto trading platform start-up should look no further than Dash 2 Trade. The up-and-coming analytics and social trading platform hopes to take the crypto trading space by storm with its host of unique features.

These include trading signals, social sentiment and on-chain indicators, a pre-sale token scoring system, a token listing alert system and a strategy back-testing tool. Dash 2 Trade’s ecosystem will be powered by the D2T token, which users will need to buy and hold in order to access the platform’s features.

Dash 2 Trade is currently conducting a token pre-sale at highly discounted rates and sales recently surpassed $10.24 million. The pre-sale dashboard is going to be released soon, with the development team currently running ahead of schedule. Tokens are currently selling for $0.0533 each and will be listed on multiple centralized exchanges in under one month.

Visit Dash 2 Trade here

YouTube video

Calvaria (RIA) – Final Presale Stage Now

Major blockchain-based games like Axie Infinity lost significant traction in 2022. As a result, many investors interested in the crypto gaming space are looking for alternative avenues. Calvaria, an up-and-coming play-to-earn battle card crypto game, could be a good alternative. Calvaria seeks to boost crypto adoption by creating a bridge between the real world and crypto, a fun and accessible crypto game.

Investors should consider Calvaria’s RIA token pre-sale. Calvaria has now raised $2.51 million, with a crypto whale scooping up $97.5K in one purchase earlier this month. The presale is in the final stage, with only 20% of tokens left.

Visit Calvaria Now

FightOut (FGHT) – Newest Move to Earn Project

FightOut token

Early Stage Presale Live Now
Earn Free Crypto & Meet Fitness Goals
KYC Verified by CoinSniper
LBank Labs Project
Partnered with Transak, Block Media
Staking Rewards & Bonuses

FightOut token

Join Our Telegram channel to stay up to date on breaking news coverage



Source link

You might also like
Leave A Reply

Your email address will not be published.