The post The Root Network Price Soars 101%: Is ROOT Still a Good Buy? appeared first on Coinpedia Fintech News
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, ROOT’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. 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.
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 $0.0095–$0.01, with key support at $0.0063.
FAQs
The ROOT crypto price today is up 101.36% at $0.007890.
ROOT’s 101% daily gain is driven by surging interest in its metaverse-focused Layer 1 blockchain, massive volume increase, and strong community momentum.
The RSI is at 65.76, just below the overbought region, indicating there’s still room for upside before a major pullback.