The post Must Watch Meta and Gaming Tokens With 2x Upside Potential appeared first on Coinpedia Fintech News
As the recovery run in the crypto market gains momentum, all the minor segments are making a comeback. Fueled by the additional momentum in the market, Meta and gaming tokens surge to new heights.
So, let’s have a look at the technical price charts of high-performing metaverse and gaming tokens for bullish openings.
Top Meta and Gaming Tokens To Buy: Sandbox (SAND)
With a triangle pattern in the daily chart, the SAND price action shows a quick reversal from the bottom support trendline. Forming a long-tail candle, the underlying demand propels the meta token back to the $0.26 level.
As per the Fibonacci level, a bullish breakout leading to a breakout run could pump the SAND price higher to the 50% level at $0.48.
Decentraland (MANA)
With a sideways trend in the weekly chart, the MANA price shows multiple bullish support at the $0.25 support level. With multiple bouncebacks from the demand cushion, the recent long-tail formation in the weekly candle teases a bull cycle.
Further, the weekly RSI line shows a bullish divergence in the last two dips at $0.25. Hence, the momentum indicator bolsters the chances of a bull run.
As per the Fibonacci levels, the uptrend in MANA price could aim for the 38.20% Fibonacci level at $0.45, a crucial supply zone.
Axie Infinity (AXS)
With a similar price action to other meta and gaming tokens, the AXS price shows a declining trend. The downfall in the Axie Infinity token forms a falling channel pattern, with the negative cycle hitting the support trendline.
However, the bullish recovery with a long-tail rejection candle leads to a 12.30% jump, forming an engulfing candle. The bullish trend influences a potential crossover in the MACD and signal lines.
Hence, an uptrend in the AXS token can result in a breakout run of the 50D EMA and the overhead trendline. The overhead target for the gaming token is $8.67 and $12.55.