PlayDapp (PDA) Price Pumps Following Key Q3 Announcement: Mantra (OM) Risks Another 40% Dip at Resistance
The price of PlayDapp’s PDA has spiked by more than 25% today alone. The rally started following the release of its Q3 roadmap for 2024.
The community has expressed joy over the announcement. In the road map, the protocol expressed its intent to continue to make significant progress through two initiatives: the development of its new Web3 mobile game and the expansion of the ezPLAY platform.
PlayDapp will continue to make an effort to develop its game and ensure a successful launch. The game will also be created to be immersive and rewarding for players.
On the other hand, the ezPLAY platform will be expanded to bring in new games to increase website diversity and the user experience.
MANTRA (OM) Faces Key Resistance Following 20% Pump
Mantra’s OM price has pumped by more than 20% today. However, the bears have recovered almost all the move.
The main trigger for the pump is not clear. However, the move is following the price trajectory of many altcoins in the crypto market. Many tokens have been having bullish moves this week as Bitcoin and Ethereum prices begin to recover from major price declines.
Price action suggests that the Mantra (OM) spike might be short-lived unless the price closes above key resistance at around $1.0. The resistance has been keeping the price down since mid-April.
When the price got to around $1.0 in April, it had a strong bearish dip, close to 40% between two days. The price rallied again to the price in mid-June but could still not break above it. This spiked another 40% bearish reversal.
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The price has gotten there again, and this time it was able to break above it. However, it has started to see a retracement from that level again.
For a major price rally to occur, we need to see a bullish close above $1.0; otherwise, the price could reject another 40% of the consolidation.
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