The post Must Buy Gaming Tokens Amid High Chances of a Bull Market! appeared first on Coinpedia Fintech News
Another spike in Bitcoin to $61K for the seventh time since August 8th means the altcoin market is heading to the $1 trillion mark. As the bullish momentum increases, interest in DeFi, AI, and Gaming tokens increases.
With the bullish resurgence showing potential to hit 2021 levels. Here are the top Gaming tokens to buy.
Top Gaming Altcoins To Buy:
Immutable (IMX)
As the biggest gaming token in the crypto industry with a $2B market cap, the IMX token has increased by 17.60% over the last seven days. The IMX token is currently trading at $1.33, with a 7.82% jump in the last 24 hours.
In the daily chart, the IMX token price reveals a falling wedge pattern. However, the recent bull cycle gives a positive breakout rally. With a sweep of five bullish candles, the uptrend is challenging the 50-day EMA.
With a bullish crossover in the MACD indicator, the demand resurgence teases a potential breakout rally to hit the 200-day EMA at $1.76. Based on the resistance level, the $2 and $2.5 are the crucial resistances overhead after the $1.66 horizontal level.
Gala Games (GALA)
The GALA token has a market cap of $681M and has increased by 24.52% in the last 7 days. Currently, the GALA token’s price is trading at $0.01999 with a 24-hour jump of 8.92%.
In the daily chart, the GALA token showcases a long-term trendline breakout as the bull cycle gains momentum. Furthermore, the GALA token showcases a streak of 7 bullish candles and is ready to challenge the 50-day EMA.
Like the other gaming tokens, the GALA token is ready to skyrocket with the trendline breakout. Based on the Fibonacci level, the uptrend can be seen at the 23.60% level at $0.031.
Decentraland (MANA)
The MANA token has a market cap of $561M and has increased by 9% over the last seven days. The MANA token’s price is currently trading at $0.2960 with a 24-hour gain of $4.19.
Further, the daily chart shows the MANA token showcasing a falling wedge breakout rally struggling to surpass the 50-day EMA. With an intraday jump of 3.20%, a bullish candle increases the possibility of buyers reclaiming the $0.35 and challenging the $0.3774 or the 23.60% Fibonacci level.
Sandbox (SAND)
The SAND token has a market cap of $664M and has increased by 14.29% over the last seven days. Currently, the SAND price is trading at $0.2846 with a 24-hour jump of 3.53%.
The SAND token showcases a double-bottom reversal from $0.2389 in the daily chart. The bullish reversal also finds support from the long-coming support trend line.
Furthermore, the recent bull cycle is heading to challenge the 50-day EMA as it bounces back from the support levels. As the uptrend gains momentum, the SAND token is likely to challenge the 200-day EMA and the overhead resistance trend line near the 23.60% level at $0.6848.
