Highstreet

Gala

The post <a href="https://coinpedia.org/price-analysis/with-a-comeback-for-metaverse-tokens-is-a-bull-run-at-hand/" rel="noopener noreferrer nofollow">With A Comeback For Metaverse Tokens, Is A Bull Run At Hand?&nbsp;</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
With the meme coin sector making waves, the different sectors in the crypto world are gradually finding demand for a comeback this year. In a similar condition, the Metaverse tokens are starting to accelerate and tease a bull run at hand, teasing an altseason’s arrival.&nbsp;
With the anticipation of a bull market like 2021, the metaverse tokens are on the verge of massive gains this week. So, let’s have a look at the technical price charts of high-performing metaverse tokens like the High Street, Decentraland, and Gala to find out their possible bullish targets.
<h2 class="wp-block-heading" id="h-rounding-bottom-in-highstreet-metaverse-token-nbsp-nbsp">Rounding Bottom In Highstreet Metaverse Token&nbsp;&nbsp;</h2>
With a 50% surge within 5 days, the HIGH token price trend shows a massive surge in the bullish momentum. Further, the metaverse token shows a rounding bottom reversal in the weekly chart.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/6AQd7m_qqcvbmeAQszHHqnYDhWrwj-KmVZt3C4IzD8AhIcybzF3HhTfE5RYbFPEb5dpGAicesUoV1UiV7tJAueVstV1q9UDojtwiRF0utASAin0NyPpTBploNmrzY19BbjDPctcImk66unHIy--olj8" alt="">
</figure>
<a href="https://www.tradingview.com/x/9ROeNkhy/" rel="noopener noreferrer nofollow">TradingView</a>
The bull run in the metaverse token surpasses the 78.60% Fibonacci retracement level. This increases the possibility of a bull run for a new all-time high this week.&nbsp;
As per the Fibonacci levels, the breakout run can find resistance at the $7.260 mark. However, a breakout rally might push the token higher to the $11.225 mark, surpassing the $10 psychological mark in June.&nbsp;
<h2 class="wp-block-heading" id="h-trendline-breakout-gala-price-eyes-50-surge">Trendline Breakout Gala Price Eyes 50% Surge</h2>
Amidst the broader market recovery, the sideways trend in the GALA token price projects a potential uptrend. The metaverse token shows a trendline breakout rally but struggles to gain momentum as it goes sideways under the 50D EMA.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/sCZHgjAHTzL5mLXuR2R7jXCCsb1PioJ75L0swFhlGztHvKq7-C5QlOFfytNDiUfxW6Hn00g6eKOqWN9XCqeb4t1zloR5-ouJaLtSarzFK8OP7rkw_qiSA4nmiKXwbtqT8h24WhaKCvpXtKmNkD-dILQ" alt="">
</figure>
<a href="https://www.tradingview.com/x/tNnQfaJX/" rel="noopener noreferrer nofollow">TradingView</a>
As the dynamic resistance 50D EMA declines, the possibility of a death cross increases. Further, the 3.82% intraday drop undermines the possibility of a trend reversal.&nbsp;
However, improving underlying sentiments could boost the metaverse token price to $0.061, which is the 50% Fib level.
<h2 class="wp-block-heading" id="h-will-mana-price-reverse-the-death-cross">Will MANA Price Reverse The Death Cross?</h2>
Following a death cross in the daily chart, the MANA price shows a sideways trend under the 50D EMA. However, the recent surge from the $0.40 mark shows a bullish revival aiming for a trend reversal.&nbsp;
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/nqbIEFe5uvv0nvP1e71-uKs8XaPE4Y1yoqVBMgszQoWHJs3MOKRCK5TDehINfAbF8JaU1KmA9Y4eEmK5vgXAciGbbuer-f-OCryM9ZbSB_lb1R8z11ZvyfixUxkxECwUymLgNzysbOV9qcJsEcdTHhA" alt="">
</figure>
<a href="https://www.tradingview.com/x/jO5kpPr3/" rel="noopener noreferrer nofollow">TradingView</a>
Currently, the MANA price trades at $0.4481, with an intraday drop of 4.40%. However, the bullish trend in the MACD and signal lines bolsters the possibility of a bullish trend.&nbsp;
As per the Fibonacci levels, the MANA price could reach the $0.5867 mark or the 50% Fibonacci level if it surpasses the 23.60% level at $4850.&nbsp;&nbsp;

With A Comeback For Metaverse Tokens, Is A Bull Run At Hand?

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