Decentraland

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Gala

The post <a href="https://coinpedia.org/price-analysis/top-performing-altcoin-picks-set-for-explosive-rallies-this-week/" rel="noopener noreferrer nofollow">Top Performing Altcoin Picks Set for Explosive Rallies This Week</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>Amidst the <a href="https://coinpedia.org/price-analysis/altcoin-market-analysis-identifying-high-potential-coins-versus-underperformers/" rel="noopener noreferrer nofollow">altcoins picking</a> up the pace, the Gaming and Metaverse tokens are finally stepping into the limelight. After a strong winter phase, the space is warming up as the AI race and the altcoins season raise investors’ interest and confidence.&nbsp;As the top performers of last Sunday, the Gala Games (GALA) and <a href="https://markets.coinpedia.org/decentraland/" rel="noopener noreferrer nofollow">Decentraland (MANA)</a> display a bullish round of immense momentum. With this reversal, the altcoins showcase their eagerness to jump and reclaim the lost levels by capitalizing on the underlying demand.&nbsp;&nbsp;Amidst the newfound momentum and rising potential, let’s have a look at the GALA and MANA price charts to catch the next bullish surge.&nbsp;<h2 class="wp-block-heading" id="h-will-gala-top-performing-altcoin-give-another-breakout">Will Gala, Top-performing Altcoin, Give Another Breakout?</h2>Following the month of bearish winter in January 2024, the altcoin finally finds strong ground at $0.021, at the 61.80% Fib level. However, the market revival warms up the <a href="https://coinpedia.org/price-prediction/gala-price-prediction/" rel="noopener noreferrer nofollow">Gala price chart</a>, leading to a quick reversal.&nbsp;<figure class="wp-block-image size-large"><img width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2024/02/26115433/image-209-1024x481.png" alt="" class="wp-image-272854"></figure>Source: <a href="https://www.tradingview.com/x/hmExF4lb/" rel="noopener noreferrer nofollow">TradingView</a>Accounting for a price jump of almost 50% this month, the gaming token is finding a huge increase in demand. The uptrend pumps the market price beyond $0.030 and currently trades at $0.0335 with an intraday gain of 10%.Further, the bull run forms a rounding bottom pattern in the daily chart with a neckline at $0.036, the previous peak.&nbsp;With the rising demand and surge in trading volume, the bullish breakout chances are rising for Gala Games. If the buyers manage to surpass $0.036, the altcoin can reach the $0.050 psychological mark.&nbsp;Also Read: <a href="https://coinpedia.org/price-analysis/eth-price-surfaces-above-3100-as-whales-activity-surges/" rel="noopener noreferrer nofollow">ETH Price Surfaces Above $3,100 As Whales Activity Surges</a><h2 class="wp-block-heading" id="h-will-mana-price-breakout-rally-reach-1">Will MANA Price Breakout Rally Reach $1?</h2>In a similar situation to Gala Games, the Decentraland’s native token, MANA, showcases a similar trend. After a pullback to the 50% Fibonacci level close to $0.40, the altcoin price regains bullish momentum.With the overhead resistance trendline breakout leading to a bullish reversal, the meta token surges higher.&nbsp;<figure class="wp-block-image size-large"><img width="1024" height="481" src="https://image.coinpedia.org/wp-content/uploads/2024/02/26115417/image-208-1024x481.png" alt="" class="wp-image-272853"></figure>Source: <a href="https://www.tradingview.com/x/NjqphBkC/" rel="noopener noreferrer nofollow">TradingView</a>Accounting for a 25% jump in the last twenty days, the altcoin reclaims the psychological mark of $0.50. Currently, the MANA price trades at $0.5324 and has an intraday gain of 3.46%.&nbsp;Further, the 25% spike in trading volume supports the bullish surge and projects a high likelihood of uptrend continuation.&nbsp;As per the Fibonacci levels, the MANA price surpasses the 78.60% level and prepares a challenge to the $0.56 peak. Upon this breakout, the altcoin can jump to $0.74, the 1.618 Fib level. Hence, the $1 mark is still a distant dream for Decentraland that could be achieved later in 2024.&nbsp;

Top Performing Altcoin Picks Set for Explosive Rallies This Week

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