Date: Tue, Oct 22, 2024, 06:22 AM GMT
The cryptocurrency market is shining today as gaming tokens are making notable gains. Among them, Pixel (PIXEL), Yield Guild Games (YGG), and Portal (PORTAL) are showing impressive bullish momentum, both in the last hour and throughout the day.
Key Levels to Watch
Pixel (PIXEL)
PIXEL has seen a remarkable rally of 25%, breaking out from its resistance zone at $0.1744 and currently trading at $0.1955. It is now approaching another resistance level at $0.2066. If this momentum continues, PIXEL could break through and target $0.2376. However, if it corrects, it may revisit the $0.1751 level before attempting a reversal.
Yield Guild Games (YGG)
YGG is also experiencing a surge, climbing 6% to reach $0.5640. This price sits within a resistance zone, and a breakout above $0.60 could propel YGG towards a major rally, targeting $1.16, which would represent an increase of over 100% from its current price.
Portal (PORTAL)
Portal is keeping pace with its peers, recording a 5% increase. With a market cap of $109 million, PORTAL has recently broken out from a downtrend line at the $0.32 level, which had been in place for the last three months. Currently trading at $0.3283, PORTAL may next approach its resistance level at $0.3444, with a potential breakout leading to a target price of $0.37.
As the gaming narrative heats up in the crypto space, keep an eye on these key levels for PIXEL, YGG, and PORTAL. The momentum is strong, but as always, investors should conduct their own research before making any decisions.
Disclaimer: This article is for informational purposes only and not financial advice. Always conduct your own research before investing in cryptocurrencies.