Top Meta and Gaming Tokens To Buy: Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS)-web3.0-php.cn

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Top Meta and Gaming Tokens To Buy: Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS)

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Aug 09, 2024 pm 09:18 PM

meta Gaming Tokens 2x Upside Potential

As the recovery run in the crypto market gains momentum, all the minor segments are making a comeback. Fueled by the additional momentum in the market, Meta and gaming tokens surge to new heights.

Top Meta and Gaming Tokens To Buy: Sandbox (SAND), Decentraland (MANA), Axie Infinity (AXS)

The crypto market is experiencing a recovery run, which is also boosting smaller segments. Metaverse and gaming tokens are surging to new highs thanks to the increased momentum.

Let's examine the technical price charts of some top-performing metaverse and gaming tokens to identify potential bullish openings.

Top Meta and Gaming Tokens To Buy: Sandbox (SAND)

The SAND price action on the daily chart displays a rapid reversal from the lower support trendline, forming a triangle pattern. A long-tailed candle emerges, indicating strong underlying demand that is propelling the meta token back toward the $0.26 level.

A bullish breakout could lead to a breakout run, possibly pushing the SAND price higher to the 50% Fibonacci level at $0.48.

Decentraland (MANA)

The MANA price on the weekly chart exhibits a sideways trend with multiple bullish support levels at $0.25. Several bouncebacks occur from this demand cushion. The recent formation of a long-tailed candle in the weekly candle hints at a potential bull cycle.

Moreover, the weekly RSI line shows bullish divergence during the last two dips at $0.25. This momentum indicator strengthens the possibility of a bull run.

According to Fibonacci levels, the uptrend in MANA price could target the 38.20% Fibonacci level at $0.45, which is a crucial supply zone.

Axie Infinity (AXS)

The AXS price action displays a declining trend, which is also observed in other meta and gaming tokens. The downfall in the Axie Infinity token forms a falling channel pattern, with the negative cycle hitting the support trendline.

However, a bullish recovery with a long-tailed rejection candle leads to a 12.30% jump, forming an engulfing candle. This bullish trend influences a potential crossover in the MACD and signal lines.

An uptrend in the AXS token could result in a breakout run of the 50D EMA and the overhead trendline. The overhead targets for the gaming token are $8.67 and $12.55.

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