Treasure DAO Price Surges 11%, as Bulls Target $0.70 Amid Web3 Gaming Hype
Highlights:
- Treasure DAO price increased by 11% in the last 24 hours.
- Trading volume spiked by 433%, reaching $157 million.
- Powered by EigenDA, it ensures scalability, security, and cost efficiency for Web3 gaming.
The Treasure DAO price has soared 11% in the last 24 hours to trade $0.5432 as of 6:20 a.m. EST, on a 433% pump in trading volume to $157 million. Treasure DAO is the next generation of Web3 gaming. Powered by MAGIC and built on the zksync Elastic Network, it represents a decentralized game console and settlement layer for an ecosystem of interconnected games and app-specific infinity chains.
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Treasure, the decentralized entertainment system. 🎮✨
Now everyone can play with power. pic.twitter.com/zR0iDaQylB
— Treasure (@Treasure_DAO) December 26, 2024
Moreover, it will be frictionless, with lightning-fast block times, near-instant finality, and sponsored transactions. Gamers will also benefit from self-custodial accounts tied to a global identity system, which will give them more control and security.
This was to provide Treasure with the sound data availability required to support such an ambitious vision. It does just that: EigenDA manages over 15 MB/s of in-game activity, scales seamlessly with its network, and keeps costs low by leveraging Ethereum’s blockspace. It is also super secure, backed by billions in stake ETH via Eigenlayer.
Treasure isn’t just about creating games; it’s a base for community-owned infrastructure and verifiable gaming services. It is making the future of Web3 gaming faster, smoother, and more accessible than ever with EigenDA.
Treasure DAO Price Rebounds on a Major Support Zone
The MAGIC/USDT setup looks good and promises the possibility of a reversal to a bull trend. The price is 2.83% higher at $0.5530. Major support is $0.4365, which was strongly held, with the price bouncing from it several times to form a strong ground for an upward move.
Further, this support is bolstered by the 200-day SMA, which also tends to meet at this level, indicating it is an important long-term anchor of price stability. Above this is the 50-day SMA at $0.5168, providing immediate support; the price is trading well above it, a sign of short-term upward momentum.
The chart may create an inverted bottom pattern, where the sentiment slowly changes from bearish to bullish. In most cases, this is followed by a reversal and the beginning of an uptrend.
In addition, the RSI stands at 58.60, showing moderately bullish momentum. It reflects that the asset is gathering buying interest without reaching overbought levels above 70.
Bulls Anticipate More Uptrend Ahead
A breakout above this key resistance of $0.6000 would confirm the uptrend and establish a playground for further upside gains since it is a key psychological and technical level. The next target could be around $0.7000, which coincides with previous price action and potential Fibonacci extensions.
On the downside, failure to hold above MA50 at $0.5168 might send Treasure DAO price back to lower supports, notably the critical zone at $0.4365. This level could serve as a point of break, which, if it occurs, might invalidate the bullish scenario and bring prices back into consolidation or even a bearish trend.
The chart is cautiously optimistic, with considerable upside potential if key resistance levels are broken. Traders should pay close attention to volume; increased buying activity near $0.6000 would strengthen the case for the bulls.
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Charles Kibue
Charles Kibue is a cryptocurrency researcher and writer with published works on Crypto2Community and a range of other sites. He has also worked as a technical writer, researching NFTs and crypto projects. Charles is an English Literature graduate residing in Kenya. He possesses additional expertise in market analysis and offers accurate and reliable insights, staying up-to-date with the latest developments in the crypto industry. Beyond his professional pursuits, Charles enjoys hiking and horse riding in his leisure time.
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