Price Analysis
  • Shrishesh Tanksalkar
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    The Root Network Price Soars 101%: Is ROOT Still a Good Buy?

    Story Highlights
    • ROOT jumps 101% in 24 hours amid an 831% surge in trading volume.

    • Price consolidation suggests a bullish flag formation, potentially leading to a breakout toward $0.0095โ€“$0.01.

    • Support holds at $0.007 and $0.0063, while RSI remains below overbought levels.

    ROOT is rapidly gaining momentum across crypto aggregators, signaling growing investor interest and strong bullish sentiment. The Root Network, a next-generation Layer 1 blockchain built for the open metaverse, is drawing attention for its seamless user experience and integration with major networks like XRPL and Ethereum. 

    Backed by Futureverse, ROOTโ€™s ecosystem is becoming increasingly robust. Over the past 24 hours, its trading volume has surged by more than 800%, while the price has jumped 101%. Enthusiasts and traders alike are eyeing ROOT as a potential top gainer.ย This price analysis is thoughtfully calculated by our expert panel for potential short term price targets.

    The Root Network (ROOT) Price Analysis:

    ROOT price has surged over 101% in the past 24 hours, climbing from an intraday low of $0.003752. The price is currently consolidating around $0.007890 after a parabolic rally, supported by a strong 831% surge in volume, suggesting buyer conviction. 

    Root Price Analysis

    The RSI at 65.76 sits just below overbought territory, while the 9-period SMA trend remains upward. This setup hints at a potential bullish flag pattern forming. Successively, if the ROOT price holds above $0.007, it could retest $0.0095โ€“$0.01, with key support at $0.0063.

    FAQs

    What is ROOT price today?

    The ROOT crypto price today is up 101.36% at $0.007890.

    Whatโ€™s driving ROOT’s recent price surge?

    ROOTโ€™s 101% daily gain is driven by surging interest in its metaverse-focused Layer 1 blockchain, massive volume increase, and strong community momentum.

    Is ROOT overbought right now?

    The RSI is at 65.76, just below the overbought region, indicating thereโ€™s still room for upside before a major pullback.

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