The price of GameFi tokens is increasing. The market cap of this sector has risen by 1.765%, as per CMC data. Two tokens in particular, BEAM and Immutable (IMX), have gained the most in this sector during this period.
Analyst sets ambitious target for ImmutableX
Eyes on $IMX Reclaim above $1.7, i will build a spot position with $7 target. pic.twitter.com/GcEvwsXQYZ
— Poseidon (@CryptoPoseidonn) June 28, 2024
Immutable (IMX) price increased by 5.69% in the past 24 hours. IMX has hit the price level of $1.56. Analyst Poseidon has now shared potential entry points and price targets for IMX.
Poseidon suggests that a reclaim of the $1.7 level for IMX would be a signal to build a spot position. The analyst has set an ambitious target of $7 for IMX
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Show more +Show less – BEAM Emerges as a Potential 10x Play
BEAM, another prominent GameFi token, has outpaced IMX with a 7.76% increase in the last 24 hours, reaching $0.01723.
Cryptocurrency analyst Colin Yurcisin has labeled BEAM as an “easy 10x play” from current levels. Yurcisin points out that BEAM’s recent all-time high was $0.0443, and projects a conservative peak bull market target range of $0.15 to $0.20.
LONG: #BEAMUSDT $BEAM by @SignalPullbackTrading Signal For BEAMUSDT Beam (h4): Buy signal spotted now! Open your positions for potential gains. SL set at 0.01450, TP levels at 0.01986, 0.02380, and 0.02995. Based on technical analysis indicators. pic.twitter.com/jP5lQMYgBa
— Crypto | ChartMonkey (@ChartMonkeyBTC) July 1, 2024
Adding weight to the bullish case for BEAM, analyst ChartMonkey has identified a buy signal on the 4-hour chart. The analysis, based on technical indicators, provides specific entry and exit points for traders:
Stop Loss (SL): $0.01450
Take Profit (TP) Levels:
$0.01986
$0.02380
$0.02995
This structured approach offers traders a clear strategy for capitalizing on BEAM’s potential upward movement.
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