After a steady rally for the last week and a half some correcting is taking place but I don't expect downward movement to last much longer. The 1Hr RSI is reaching oversold levels, the stoch RSI is near zero. The price has retraced to the 0.618 fib level, which is generally a great place to be buying on a strong project like this one. The leading competitors to DOME: MANA (has current market cap $5 - $6 Billion with an ATH of $10 Billion market cap) and The Sandbox (current market cap $4 Billion with an ATH of $7.5 Billion) While Everdome which to many appears to have potential far outreaching those two projects, has a current market cap as of today of $338 Million, and an ATH of $507 Million. You can see from simple math, macro this is an incredible play and upside potential from here is very high. DYOR
This correction could be getting very close to being over and whether or not it ends now likely depends on what BTC does in the future hours and days. Worst case if BTC drops more, DOME could make a trip to or near the 0.786 fib level on the chart, but that is a prime buying area in my opinion. For a project experiencing rapid growth there will be some correcting from time to time. It is healthy and it balances out the amount of buyers and sellers in projects. And after this correction I expect much more upside to continue. DYOR Just my opinion.
This correction could be getting very close to being over and whether or not it ends now likely depends on what BTC does in the future hours and days. Worst case if BTC drops more, DOME could make a trip to or near the 0.786 fib level on the chart, but that is a prime buying area in my opinion. For a project experiencing rapid growth there will be some correcting from time to time. It is healthy and it balances out the amount of buyers and sellers in projects. And after this correction I expect much more upside to continue. DYOR Just my opinion.