Will the Metahero Price (HERO) Bull Run Continue or Halt?

Metahero is a unique project that aims to create a global network of 3D scanning and modelling devices.

It can produce ultra realistic digital avatars with accurate biometric measurements, and the software that enables those scans will be used in various applications, from virtual reality and gaming to e‑commerce and healthcare. 

Users will also have the opportunity to earn money from their avatars through the Metahero marketplace.

Metahero operates on Binance Smart Chain and uses the same proof-of-staked-authority consensus algorithm which allows compatibility, lower fees, and faster transaction speed. 

Proof-of-staked-authority, or PoSA, addresses the scalability issues of proof-of-stake by pre-selecting participants that validate blocks and act as moderators of the system. 

The algorithm is special in that everyone who wants to be a validator must stake the same amount of funds as every other validator. 

With the PoSA, consensus validators, token holders, developers, and users can benefit from a dual-chain architecture that benefits users and offers quick and low-cost transactions.

CEO Mariusz Krol (WOLF Group founder) began his career working with VW, Cern and Bang and Olufson (where he achieved a global patent as a young and promising engineer).

Mariusz then co-founded WOLF, a business established in 2014 specialising in R&D in the 3D printing and scanning industry. Since then, it has provided services for partners from huge global brands such as Disney and CD projekt Red

HERO/USD in 1-D Time Frame

Since the beginning of the year, the HERO/USD pair has decreased by 12.32% on a daily basis but in three months it has increased by 17.35%. It had a strong rally, but hit resistance at $0.0040, attracting more sellers. The price then dropped in a pull back move.

This rally on the HERO chart is likely to continue since it has formed a bullish pattern known as a declining wedge in the daily time frame. Bulls are accumulating and preparing to break the resistance level and soar to new heights from the current level.

Furthermore, HERO might surge strongly from the current level. The next possible target could be $0.0040. On the other hand, if it fails and drops, then it could decline to $0.0020.

The Santiment chart shows that social dominance has been fluctuating a lot lately for the last four months. Metaher’s social dominance reflects how much it is talked about, valued, and sought after by the crypto community. 

However, a surge in social dominance could also boost the price of the HERO, as more people would be interested in buying and holding it.

Summary

The Santiment indicator chart of the Metahero shows that its price and the social dominance highlight fluctuation, further increase could boost HERO price.

Moreover, on the daily time frame, it looks like Metahero is ready to continue its impressive rally after a pause in its breakout. It has formed a bullish pattern known as a falling wedge on the daily chart. This could indicate that the bulls are gaining momentum in Metahero and could drive the price above the resistance level and higher from the current level.

Technical Levels

Support Levels: $0.0020

Resistance Levels: $0.0040

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.