Date: Wed, Sept 18, 2024, 06:26 AM GMT
The crypto market saw a notable boost today as Bitcoin (BTC) jumped by +2.57%, bringing its price above $60K. This surge follows growing expectations of a potential Fed rate cut in today’s FOMC meeting, which has stirred excitement across the market. In turn, gaming tokens such as Beam (BEAM), Gala (GALA), and BinaryX (BNX) have also enjoyed significant gains, each rising over 5% in the past 24 hours.
Let’s take a closer look at the potential for further upside in these tokens:
Beam (BEAM)
Beam has broken out of a symmetrical triangle pattern on the 1-hour chart, around the $0.0509 level. This kind of breakout often signals the beginning of a new uptrend, and since then, BEAM has been climbing steadily. Currently, it’s trading near a minor resistance level at $0.01606. If this level is crossed, BEAM could rise to key resistance points at $0.1687 and $0.01933, potentially bringing an additional 20% gain from its current price.
Gala (GALA)
Like BEAM, GALA has also seen a symmetrical triangle breakout on the 1-hour chart, occurring around $0.01813. GALA is currently retesting a resistance level at $0.1864. If bullish momentum continues after a possible pullback, the next targets for GALA are $0.1951 and $0.02011, presenting an 8% potential gain from its current price.
BinaryX (BNX)
BinaryX (BNX) has been consolidating with a 13% gain over the last 30 days, now approaching a resistance level at $1.61. The key question is whether the ongoing bullish momentum will be enough to break this resistance. If BNX can break through, it could ignite a fresh rally for the token.
With these gaming tokens showing positive signs, investors will be watching closely for further bullish developments in the coming days.
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