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The Root Network Price Soars 101%: Is ROOT Still a Good Buy?
The Root Network Price Soars 101%: Is ROOT Still a Good Buy?
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The Root Network’s ROOT token has surged 101% in the past 24 hours, driven by a staggering 800% increase in trading volume. This LAYER 1 blockchain, designed for the open metaverse, is gaining traction for its seamless integration with XRPL and Ethereum.
Technical indicators suggest bullish momentum, with the RSI at 65.76 and the 9-period SMA trending upward. A potential bullish flag pattern could propel ROOT toward $0.0095-$0.01 if it maintains support above $0.007.
Backed by Futureverse, The Root Network’s ecosystem is attracting significant investor interest. The token’s parabolic rally reflects growing confidence in its metaverse infrastructure capabilities.
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