Story Highlights
- The Gaming tokens regain momentum, 5th best-performing category of the day.
- The SAND token records a 2x surge this week and the GALA token bags 100% this month.
- Technical indicators record increased bullish action, highlighting a higher price target.
The Gaming tokens have recorded a strong bullish recovery with top tokens recording a 3-digit surge this week. Notably, 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%.
With the rising bullish sentiment, will SAND and GALA lead the Gaming category’s bullish rally this Altcoin season? You are a few minutes away from finding out the short-term possibilities of these two altcoins.
Sandbox (SAND)
Amid increased bullish recovery, the SAND price has jumped ~80% this week and 150.67% during the last 30 days. Moreover, with a market cap of $1.564 billion, it has secured the 66th position in the global crypto market.
The Relative Strength Index (RSI) continues hovering above the overbought range in the daily time frame. Further, its average trendline displays a bullish rise. This suggests a positive outlook for the altcoin in the upcoming time.
If the bulls regain momentum, the SAND price may retest its upper resistance level of $0.80. On the flip side, a bearish pullback could result in the price testing its lower support level of $0.50.
Will the SAND price hit $1 this year? Find out now with CoinPedia’s Sandbox Price Prediction!
Gala (GALA)
The Gala price has surged 8.49% in 24 hours with a trading volume of $351.48 million. Further, it has added 38.71% over the last seven days and 90.67% during the past 30 days.
The Simple Moving Average (SMA) constantly supports the GALA price chart in the 1D time frame. Moreover, with its MACD indicator recording a bullish price action, this altcoin may continue gaining value in the upcoming time.
Maintaining the price above its resistance level of $0.03975, this altcoin may head toward its resistance level of $0.05305. On the contrary, if the bears outrun the bulls, the GALA token may retest its support trendline of $0.02675.
FAQs
With an intraday jump of ~10%, the SAND price is currently valued at $0.6425.
The ATH of the SAND token is $8.44 and was recorded on 25th November 2021.
For the GALA token to achieve this price target, it will require a jump of 2,531% in its valuation.
