This Week’s Hottest Gaming Tokens: Key Levels and Trends
Table of Contents
- Bitcoin Nearing $100,000: A Market Milestone
- Crypto Market Valuation Hits $3.4 Trillion
- SANDA Current Market Position and Performance
- Strategy for Investors: Entry Points and Risks
- MANA Weekly Gains and Resistance Levels
- AXZ Recent Performance and Key Levels
- Positive Sentiment Driving Investor Confidence
- Acknowledging the volatility of the crypto market
Bitcoin is trading near $100,000, one time it has reached above $99,500 level now consolidating at $98,250. Bitcoin is ready to reach the $100,000 level soon. Crypto market has reached the market cap of $3.4 trillion in sunday, these week alone the market has contributed an extra $170 Billion in valuation. The overall market is very positive, investors and retailer traders waiting to reach Bitcoin at $100,000 level.
In these article I will be mentioning three gaming crypto which has performed last week and high chance for a continuation
SAND retested its six month resistance, what next?
Last week started with some bearish note and volatility, however, Gaming Token SAND has given a 11% gain. Currently while writing these article SAND is trying to break the level. Hourly candles are showing a positive momentum, taking a small pull back and consolidating near the resistance level (0.8055).
Even if SAND has giving a strong pull back though high chance for 29% correction. $0.5735 is a strong support. Most probably it retest before giveing the breakout.
Suppose its break the retesting level we can see a huge correction.
Gaming Crypto SAND even if break the resistance it most probably go for $1 above. Before its reaching it all time high $8.7271 there are two major level in the weekly charts.
According to the current level invetsors can wait for a slight pull back and invest after, if not, invest a half position now and wait for a strong breakout.
MANA Testing Crucial Resistance
Decentraland also following the same SAND movements. Mana has Gained 51% last week and now retesting the major resistance level & 0.783 level. These lavel is a crucial level for MANA. These is the thired time MANA testing these level. These time high chance for breakout because of current positive market sentiments. Apartfrom that according to the price action MANA the gaming token has already tested these lavel three times, which indicating a strong breakout.
While writing these article MANA has been consolidating in that level, suppose it giving a pull back before the breakout, apparently, it will retest the previous retest level $0.588. Between the current price and previous support level is a good time to build some position according to your risk tolarence.
MANA’s all time high is above $5.9379 level. If the Gaming Token gives a strong breakout, however it will try to reach that level according to the current market sentiments.
AXZ Soared 31% last Week
The third gaming token AXZ also waiting for the next breakout. Last week AXZ token also has given a strong momentum of 31%. Which is pretty impressive. It gained 31% from a low of $5.34 on Nov. 21 to a six-month peak of $7.050 on Nov. 23.
Asper weekly candle AXZ breaks the current resistance level, then the next resistance level is above $11. Previous week trading volume also high. Before the breakout AXZ the gaming token giving any pull bak that would be a chance for building position. 4HR time frame showing a support level at $7.345 level. Between these level its a good chance for building your position according to your risk tolarence.
The overall market sentiments is very positive, these may help investors to build more positions.
Conclusion
Before investing any tokens which I mentioned, you should have to analyse from your side. Without knowing the exact price action or the market sentiments before investments will cause a huge losses.
Learn more about the technology aswell, which will give you more indepth knowledge reagrding the project, according to the project fundamentals hold the position for a long time game. Crypto market is a very volatile market, any time any tokens will fall more than our predictions, so take the risk which you can accept.
