Date: Sat, Oct 19, 2024, 05:13 AM GMT
The cryptocurrency market is shining this week with excitement as the anticipated “UPTOBER” trend begins to unfold. Bitcoin (BTC) is trading near $69,000 and is eyeing the $70,000 mark, bringing positive momentum across major altcoins and memecoins. Among these, the spotlight is shining brightly on three top gaming tokens: Axie Infinity (AXS), Sandbox (SAND), and Gala (GALA), which have all shown impressive gains in the past 24 hours.
Axie Infinity (AXS)
Axie Infinity, once a star during the 2021 bull run, reached an all-time high of $164.34. Currently, it’s trading at $5.40 after a strong jump of over 15%. The token has broken through its downtrend resistance line and is now retesting that level, which indicates bullish sentiment. If AXS manages to break through the current resistance at $5.54, it could target prices of $6.43 and even $8.63 in the near future.
Sandbox (SAND)
Sandbox is also making headlines, with a remarkable 13% surge in the last 24 hours. After hitting an all-time high of $8.34 in 2021, SAND is now priced at $0.2949. The token broke out of a symmetrical pattern at $0.2869 on the 2-hour timeframe, suggesting a solid upward trend. A retest of this breakout level followed by a reversal could push SAND towards its main resistance level at $0.35, which would represent nearly a 20% increase from its current price.
Gala (GALA)
Gala, known for its significant rise during the previous bull run, is currently trading at $0.02341, reflecting a 7% gain today and an impressive 21% increase over the past 30 days. Like SAND, GALA is approaching its downtrend resistance line at approximately $0.02457. A successful breakout from this level could lead to a further rally for GALA, capturing investor interest once again.
Conclusion
As Bitcoin continues its upward trajectory, the gaming tokens AXS, SAND, and GALA are positioning themselves as potential gainers in the market. With their recent performance and positive technical indicators, these tokens are worth keeping an eye on in the coming week.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions.