Story Highlights
- The Gaming Tokens regain their momentum and rank 5th among the best performing category of the day.
- The SAND token records a 2x spike this week and the GALA token gains 100% this month.
- Technical indicators record increased bullish action, highlighting a higher price target.
The Gaming tokens have shown a strong bullish recovery, with the top tokens posting a 3-digit increase this week. With a 24-hour trading volume of $5.69 billion (+13.19%), this category is currently valued at $29.19 billion with an intraday jump of 7.39%.
Given the rising bullish sentiment, will SAND and GALA lead the Gaming category’s bullish rally this Altcoin season? In just a few minutes you will discover the short-term opportunities of these two altcoins.
Sandbox (SAND)
Amid an increasingly bullish recovery, SAND price is up ~80% this week and 150.67% over the past 30 days. Furthermore, with a market capitalization of $1.564 billion, it has secured the 66th position in the global crypto market.
The Relative Strength Index (RSI) continues to hover above the overbought range in the daily time frame. Moreover, the average trendline shows a bullish rise. This indicates a positive outlook for the altcoin in the near future.
If the bulls gain strength again, SAND price may retest its highest resistance level at USD 0.80. On the other hand, a bearish pullback could lead to the price testing its lower support level at $0.50.
Will the SAND price reach $1 this year? Find out now with CoinPedia’s Sandbox Price Prediction!
Gala (GALA)
The Gala price is up 8.49% in 24 hours with a trading volume of $351.48 million. Furthermore, 38.71% has been added in the last seven days and 90.67% in the last 30 days.
The Simple Moving Average (SMA) continuously supports the GALA price chart in the 1D time frame. Furthermore, as the MACD indicator records bullish price action, this altcoin may continue to gain value in the near future.
By keeping the price above the resistance level at $0.03975, this altcoin could move towards its resistance level at $0.05305. On the contrary, if the bears outrun the bulls, the GALA token could retest its supportive trendline at $0.02675.
Frequently asked questions
With an intraday jump of ~10%, SAND price is currently valued at $0.6425.
The ATH of the SAND token is $8.44 and was recorded on November 25, 2021.
For the GALA token to reach this price target, a 2.531% increase in its valuation is needed.
Credit : coinpedia.org
