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 price of PlayDapp’s (PDA) token has surged by more than 25% today alone, following the announcement of its Q3 roadmap for 2024.

The announcement was made on Twitter, where 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 #Roadmap – Q3 2024The PlayDapp team is excited to announce our roadmap for Q3 2024. We will continue to make significant progress on our two major initiatives: the development of our new web3 mobile game and the expansion of the ezPLAY platform.

Continue Development:… pic.twitter.com/2pVls1BExB

The protocol will continue to dedicate efforts to ensuring the game’s development and a successful launch. Furthermore, the game will be created to be both immersive and rewarding for players.

Meanwhile, the ezPLAY platform will be expanded to include new games, increasing the website’s diversity and enhancing the user experience.

The surging price of PDA comes amid a broader recovery in the crypto market, with Bitcoin and Ethereum prices also rising significantly over the past 24 hours.

However, the price of Mantra’s (OM) token has experienced a limited pump of more than 20%, which was quickly reversed by the bears.

The precise trigger for the pump is unclear, but the movement appears to be part of a broader price trend among altcoins in the crypto market.

This week, several tokens have experienced bullish surges as Bitcoin and Ethereum prices begin to recover from recent price declines.

A key resistance level of around $1.0 has prevented the price from rising further. Since mid-April, the price has faced strong resistance at this level.

When the price last reached around $1.0 in April, it experienced a sharp bearish decline of nearly 40% over two days. Subsequently, the price rallied once more to the same level in mid-June but failed to break above it, triggering another bearish reversal of 40%.

Now, the price has returned to the same level and managed to briefly rise above it. However, it has begun to retrace from that level once again.

For a substantial price rally to materialize, a bullish close above $1.0 is crucial; otherwise, the price may experience another 40% retracement from the consolidation zone.

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