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The post <a href="https://coinpedia.org/price-analysis/metaverse-tokens-to-make-a-comeback-in-late-2024/" rel="noopener noreferrer nofollow">Metaverse Tokens To Make A Comeback In Late 2024?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Altcoins in the crypto market are making a gradual comeback, regardless of Bitcoin price failing to sustain above $60,000. Amid the recovering cryptocurrencies, GALA and MANA tokens showcase a reversal rally for a breakout run in the coming days. So, should you consider buying these Metaverse coins?
<h2 class="wp-block-heading" id="h-meta-tokens-on-the-rise-gala-in-a-bearish-pennant">Meta Tokens On The Rise: GALA In A Bearish Pennant</h2>
Trapped in a falling channel, <a href="https://markets.coinpedia.org/gala/" rel="noopener noreferrer nofollow">GALA </a>reveals a bearish influence on the daily chart. The downfall accounts for a price loss of 81% since March 2024.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-1024x485.png" alt="AXS Price Analysis 21-aug-2024" class="wp-image-341012" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-1536x728.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024.png 1803w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
However, the bullish influence is on the rise, as evidenced by the bullish crossover in the MACD indicator. Furthermore, the VI lines in the DMI indicator are ready for a positive crossover, with the ADX line rising.&nbsp;
Currently, the GALA price is trading at $0.017, with an intraday Doji candle after the 2.74% surge last night.&nbsp;
In the bear channel, the bearish pennant in the <a href="https://coinpedia.org/price-prediction/gala-price-prediction/" rel="noopener noreferrer nofollow">GALA price</a> is on the verge of a bullish breakout. This will challenge the overhead trendline to $5 with increasing chances of an extended rally.&nbsp;
<h2 class="wp-block-heading" id="wedge-breakout-run-for-mana">Wedge Breakout Run For MANA&nbsp;</h2>
With a falling wedge in the <a href="https://markets.coinpedia.org/decentraland/" rel="noopener noreferrer nofollow">MANA </a>price action, the meta token is ready for a breakout run in the daily chart. Concluding the downtrend with a lateral shift, the underlying positivity is increasing.&nbsp;
<figure class="wp-block-image size-large"><img decoding="async" width="1024" height="485" src="https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-1024x485.png" alt="Mana Price Analysis 21-aug-2024" class="wp-image-341014" srcset="https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-1024x485.png 1024w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-300x142.png 300w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-768x364.png 768w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-1536x728.png 1536w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-150x71.png 150w, https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024.png 1802w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
Similar to GALA, the technical indicators, MACD, and DMI lines give bullish signals. Successively, the MACD and signal line, and the VI lines are ready for a positive crossover.
Currently, the <a href="https://coinpedia.org/price-prediction/decentraland-mana-price-prediction/" rel="noopener noreferrer nofollow">MANA price</a> is trading at $0.2729 with an intraday gain of 1.30%, forming a bullish candle.&nbsp;
Based on the Fibonacci levels, the breakout can challenge the 23.60% Fibonacci level at $0.3774 and the 50% level at $0.5163. On the downside, a slip under $0.25 will nullify the trend reversal opportunity for this Metaverse coin.

Metaverse Tokens To Make A Comeback In Late 2024?

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