The cryptocurrency market has displayed a bullish bounce after trading under a bearish sentiment for the past few days. Notably, the market valuation has recorded a jump of over 3% with the price of Bitcoin successfully reclaiming the $57,000 mark.
Following this, the Gaming tokens displayed a similar price trend by adding significant value to their respective portfolios. Planning on investing in these tokens to maximize your profits during the upcoming bull rally?
Let’s go as, in this article, we have covered the top 4 gaming tokens, that have the potential to record significant gains in their respective portfolios during the upcoming month.
Floki (FLOKI):
The Floki price has recorded a jump of approximately 10% in valuation within the past day with a trading volume of $192.48 Million. However, the memecoin has lost 10.21% within the past seven days and has plunged 52.27% over the past month.
The technical indicator, RSI, continues to hover close to its oversold range, indicating a weak bullish sentiment for the Floki price in the crypto market. Further, the average shows a flatline, suggesting uncertainty in future price action.
If the market pushes the Floki coin price above the resistance level of $0.000149, the bulls will regain momentum and prepare to test its upper resistance level of $0.000199. Conversely, bearish price action could pull the Floki price toward its crucial support level of $0.000101.
Notcoin (NOT):
The Notcoin has displayed a similar price action by adding 6.59% to its portfolio within the past day. However, the NOT price is currently trading within a discount of over 52% since its inception, highlighting a massive buying opportunity for its investors.
The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the red histogram, highlighting an increase in the buying pressure within the crypto space. Moreover, the averages show a high possibility of a bullish convergence in the 1D time frame.
If the market continues to gain momentum, the Notcoin price will prepare to test its resistance level of $0.0140 this month. However, if the bulls fail to hold power, the NOT price will plunge toward its crucial support level of $0.00925.
Gala (GALA):
Amid ongoing bullish price action in the cryptocurrency market, the GALA price has surged over 11% over the past day with a change of -52.01% in its trading volume to $70.84 Million. Moreover, with the recent jump, it has successfully held its price above its crucial support level.
The Relative Strength Index (RSI) has displayed a bullish curve below the oversold range, indicating a high possibility of a bullish reversal in the coming time. However, the average records a constant flatline, highlighting a mixed sentiment.
If the market continues to trade under a bullish sentiment, the Gala token will prepare to test its upper resistance level of $0.3840 during the upcoming weeks. Negatively, if the bears overpowered the bulls, the GALA price will plunge below its crucial support level this month.
Decentraland (MANA):
Following the bullish recovery in the cross-border payment system, the MANA price has jumped 9.89% within the past day with a trading volume of $47.806 Million. However, the altcoin has lost 4.86% within the past seven days and 34.12% over the past 30 days.
The RSI indicator has successfully retested its oversold range. This has resulted in the price chart recording a sharp uptrend. Further, the average trendline is on the verge of displaying a bullish convergence, suggesting a positive outlook for the Decentraland price in the coming time.
If the market pushes the MANA coin price above the resistance level of $0.3235, the bulls will continue to gain momentum and test its upper resistance level of $0.4160. However, if the bears regain momentum, the Decentraland token will plunge toward its low of $0.2250.
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