Summary:
-
Star Atlas (ATLAS/USD) label pulled abet extra than 12% in the closing 24 hours.
-
ATLAS had rallied virtually 70% in the outdated seven days.
-
Star Atlas is a multi-participant online sport that takes build of living in the virtual gaming metaverse.
Star Atlas (ATLAS/USD) declined by extra than 12% over the closing 24 hours amid elevated covid fears. ATLAS is the utility token of Star Atlas, a multi-participant online sport that takes build of living in the virtual gaming metaverse.
Star Atlas is constructed on Unreal Engine 5, allowing the sport to characteristic cinema-quality, accurate-time environments. Therefore, given the rising recognition of the metaverse, Star Atlas appears to maintain a thrilling future forward.
Star Atlas label prediction
From an investment level of view, Star Atlas has now not too long ago pulled abet pushing its market cap to about $391 million. Therefore, given its fully-diluted market cap of extra than $6.5 billion, Star Atlas appears to maintain a kind of room left to quilt.
And with the trading volume falling by 1.42% over the closing 24 hours to about $114 million, the brand new pullback could perhaps perchance also very successfully be coming to an end.
Source – TradingView
Technically, Star Atlas appears to be trading internal an ascending channel formation in the intraday chart. Nevertheless, it has now not too long ago pulled abet to lead obvious of crossing to the overbought stipulations of the 14-day RSI.
Therefore, investors could perhaps perchance purpose ability rebounds at about $0.20, or better at $0.23. On the diversified hand, if the pullback continues, ATLAS could perhaps perchance receive succor at about $0.158, or decrease at $0.128.
In summary, Star Atlas appears perfectly poised to take pride in the metaverse breakout, thus boosting the long-term ATLAS label outlook.
