The post Gaming Tokens Surge! Will The Crypto Gaming Rally Continue This Week? appeared first on Coinpedia Fintech News
After displaying a weak price action for a brief period, the Gaming sector in the cryptocurrency market has recorded massive bullish price movements over recent times.
This further highlights a high possibility of a rebound in the hype for these altcoins. With the upcoming altcoin season in the crypto space, will Gaming tokens regain momentum and outperform top cryptocurrencies?
Dive in as, in this article, we have covered the top four Gaming Tokens that have the potential to record a massive uptrend during the upcoming weeks in the crypto market.
Floki Price On The Path Of A Major Breakout:
The Floki price continues to display a bullish price action by recording a 100% jump in its trading volume and adding 4.58% within the past day. Moreover, it has added 30.19% within the past week and 54.10% over the past month and has a YTD return of over 680%.
The FLOKI coin price has formed a symmetric triangle pattern in its price chart and is hovering close to its resistance level, indicating an increase in the buying pressure in the market.
Furthermore, the technical indicators, EMA 50/200-day, and MACD display a positive price action in the 1D time frame, suggesting a bullish outlook for the FLOKI token during the upcoming time.
If the bulls break out of the resistance trendline, the Floki crypto will prepare to test its upper resistance level of $0.000350. However, a bearish reversal could pull the price toward its lower support level of $0.0001990.
Enjin Coin Forms A Rounding Bottom Pattern:
With a jump of 10.37% within the past 24 hours and a 230% surge in its trading volume, the Enjin price has displayed a strong bullish comeback in the crypto market. Moreover, the ENJ crypto has added 17.25% this month, indicating a positive outlook for the altcoin this week.
After displaying a bearish price action since the start of March, the ENJ price has formed a rounding bottom pattern, highlighting a significant rise in the bullish sentiment for the altcoin in the crypto market.
Moreover, the RSI is hovering close to its overbought range with the SMA constantly supporting the price chart in the 1D time frame, indicating a constant rise in the buying-over-selling pressure.
With a bullish breakout, the Enjin coin price could head towards its upper resistance level of $0.4760. Conversely, a negative price sentiment could result in the ENJ token plunging toward its lower level of $0.33.
GameStop (GME) Price Hints A Breakout Rally!
Despite trading in a closed range between $0.00370 and $0.00569 and recording a correction of approximately 29% over the past seven days, the GME coin price has added 16.08% within the past day, indicating a high possibility of a bullish reversal.
With the GME token forming a symmetric triangle pattern in the 4H time frame and on the verge of testing its resistance trendline, the volatility for the GameStop price in the crypto space is constantly rising.
The Moving Average Convergence Divergence (MACD) records a constant rise in the chart with its averages hinting at a bullish surge. Moreover, the EMA 50-day is on the verge of recording a positive crossover, suggesting a positive price action in the coming time.
If the GME price breaks out of the triangle pattern, the altcoin will prepare to test its upper resistance level of $0.0099. Negatively, in case of a bearish reversal, the GameStop token will retest its crucial support trendline.
Notcoin (NOT) Price Analysis:
After displaying a weak price action for a brief period, the NOT coin price has successfully regained power and has recorded a surge of 57.09% over the past 30 days. Moreover, the Toncoin-based crypto token has recorded a 401% surge in its trading volume within the past 24 hours.
The Relative Strength Index (RSI) successfully retest its mid-point, resulting in it heading toward its overbought range. On the other hand, the SMA hints at a potential bullish convergence, suggesting the Notcoin price will continue gaining value in the coming time.
If the bulls continue to dominate the market, the NOT price will prepare to retest its upper resistance level of $0.00880 in the coming time. However, if the bears overpowered the bulls, the price would plunge toward its lower support level of $0.00675.
