- A significant resistance level was broken by Decentraland’s MANA, raising the possibility of a 48% advance to $0.66.
- The 12H chart of GALA indicates that a breakout from a symmetrical triangle is underway, pointing to an impending bullish wave.
- The previous week has seen price improvements for both cryptocurrencies, suggesting a favorable trend in the market.
Decentraland (MANA) and GALA are currently showcasing significant bullish trends in the cryptocurrency market, according to recent data and expert analysis from ZAYK Charts and Crypto with Khan. Over the past week, both digital assets have recorded price increases, potentially signaling a rebound in the crypto sector.
The virtual reality platform Decentraland, which lets users produce and monetize content, has seen its token MANA break through a critical resistance level. In the past, the token saw a decline that lasted from late February to late May. It did, however, surpass this trendline recently, which had previously acted as a barrier that the price found it difficult to overcome. Presently, MANA is trading at roughly $0.4664, up 2.7% over the previous day and 4.29% for the previous seven days.
Market analysts from ZAYK Charts suggest that if MANA maintains its momentum above this trendline, it could target a new high of $0.660 or more. This would represent an approximate 48% increase from its current levels.
The cryptocurrency market has seen strong performance from GALA, the token linked to the gaming site Gala Games. The coin has been consolidating for over 50 days after rebounding from a large price decline brought on by a security incident. ZAYK Charts has detected symmetrical triangle formation in the 12-hour trading window, which is a recent technical pattern that frequently signals an impending price breakout.
Crypto with Khan, another crypto analyst, highlighted strategies for investors to capitalize on GALA’s expected rise, recommending a dollar-cost averaging (DCA) approach within the current price range.The coin could see significant gains if it exits this phase of consolidation. GALA continues to trade at $0.04663 showing an increase of 3.7% over the past 24 hours and 7.1% over the past week.
As the crypto market continues to progress through volatility, the upward movements of MANA and GALA provide optimistic signals for investors and traders. With key technical levels being tested and potentially surpassed, the coming weeks could be critical for both cryptocurrencies.
