Convergence

Decentraland

Axie Infinity

Gala

Divergence

The post <a href="https://coinpedia.org/price-analysis/top-gaming-coins-prepare-breakout-is-it-too-late-to-buy/">Top Gaming Coins Prepare Breakout: Is It Too Late To Buy?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
With the altcoins market beating Bitcoin, gaming and metaverse coins are the top performers. In this report, we delve into the price analysis of four notable cryptocurrencies: SAND (Sandbox), MANA (Decentraland), GALA (Gala Games), and AXS (Axie Infinity).&nbsp; 
While the market trend is bullish, a breakout phase in the top gaming coins can offer an excellent pullback opportunity to capture the next leap. So, here’s a list of cryptocurrencies that may trigger a fresh recovery trend in October 2023. Should you buy now? 
<h2 class="wp-block-heading" id="h-sand-price-analysis">SAND Price Analysis:</h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-1024x485.png" alt="" class="wp-image-256493" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171115/SANDUSD_2023-12-26_13-52-43.png 1813w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/YtB5m7dI/">Tradingview</a> 
Amid a general bullish sentiment in the crypto market, the Sandbox(Sand) price entered into a strong recovery mode in late October when the price rebounded from $0.278 support.&nbsp; 
This rally has lifted the coin’s market value by 126% to reach the current trading price of $0.629. However, the rising SAND price renewed supply pressure by $0.68, highlighted by a long-wick rejection in the daily chart. This increased profit booking from short-term trades could trigger a minor pullback before the altcoin takes the next leap. 
Should this occur, the Sand price may plunge 6% to find suitable psychological support around $6. With the history of occasional pullbacks, this potential reversal could offer another profound opportunity for new buyers. 
The coin traders can use the 20-and-50-day EMA slope as dynamic support amid potential retracements. 
<h2 class="wp-block-heading" id="h-mana-price-analysis">MANA Price Analysis:</h2> 
<figure class="wp-block-image size-large">
 <img decoding="async" width="1024" height="484" src="https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-1024x484.png" alt="" class="wp-image-256492" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-1024x484.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171058/MANAUSD_2023-12-26_13-54-46.png 1814w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure> 
Source- <a href="https://www.tradingview.com/x/GOiDY6hy/">Tradingview</a> 
In the last 10 months, the Decentraland (Mana) Coin has grown from the October 19th low of $0.27 to the current trading price of $0.57.&nbsp; 
This 111% value surpassed the 50% retracement level of the prior downtrend, reflecting waning bearish momentum and a lower possibility of downtrend continuation. However, a long wick rejection attached to the daily candle reflects the MANA price is poised for another pullback to recuperate its bullish momentum.&nbsp; 
If the potential pullback finds suitable support at the combined $0.54 and 50% FIB, the next leap could prolong the rally 20% higher to hit the $0.7 psychological level.&nbsp; 
An upward trajectory in the boundaries of the Bollinger Band Indicator reflects the bank momentum is active. 
<h2 class="wp-block-heading" id="h-gala-price-analysis-nbsp">GALA Price Analysis:&nbsp;</h2> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="757" src="https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187.png" alt="" class="wp-image-256495" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187.png 1600w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187-1024x484.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171501/image-187-150x71.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
Source: <a href="https://www.tradingview.com/x/uV1UgORD/">Tradingview</a> 
In line with the recovery trend and the formation of a rounding bottom pattern, the prior downtrend in the Gala Coin price found a bottom at $0.01248 in the fourth week of October. The resulting rally surged the coin’s market value by 193% to challenge the pattern’s neckline resistance around $0.035. 
With a newfound supply at this key barrier, GALA shows a 6.5% intraday loss and plunged to the current trading price of $0.033. If the sudden pullback shows sustainability above the last high-low count of $0.028, the bullish movement will remain intact and bolster buyers for higher recoveries.&nbsp; 
Thus, under the influence of the chart pattern, the Gala price is likely to give a decisive breakout from the neckline resistance of $0.35. This potential breakout will signal a change in market dynamics and prepare the Gala price for a rally to $0.057. 
A Moving Average Convergence Divergence Indicator in a bullish Crossover State reflects the recovery trend is intact. 
<h2 class="wp-block-heading" id="h-axs-price-analysis-nbsp">AXS Price Analysis:&nbsp;</h2> 
<figure class="wp-block-image">
 <img decoding="async" width="1600" height="757" src="https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188.png" alt="" class="wp-image-256496" srcset="https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188.png 1600w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188-1024x484.png 1024w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188-768x363.png 768w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188-1536x727.png 1536w, https://image.coinpedia.org/wp-content/uploads/2023/12/26171502/image-188-150x71.png 150w" sizes="(max-width: 1600px) 100vw, 1600px">
</figure> 
Source: <a href="https://www.tradingview.com/x/HngRAQPO/">Tradingview</a> 
Amid a bullish week in the crypto market, the Axie Infinity coin price showed sustainability above the $0.65 support region. A recent bounce from this floor surged the coin price by 72% to hit a 10-month high of $11.15. 
Amid this rally, the buyers have recently breached a combined resistance of $9.6 and a 61.8% Fibonacci Retracement Level. We reclaimed more than 50% of the FIB level and started projecting that the buyers are regaining strength. 
As per recent data, the AXS price trades at $1.89, with an intraday loss of 3.4%. Thus validating its sustainability above the breached levels. With sustained buying, the AXS price should rise 17.6% to reach the next significant barrier at $11.62, followed by $14. 
The momentum indicator RSI above the 75% mark assures a strong recovery momentum.

Top Gaming Coins Prepare Breakout: Is It Too Late To Buy?

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