The cryptocurrency market is shining this week with excitement as the anticipated "UPTOBER" trend begins to unfold. Bitcoin is eyeing the $70,000 mark, and particular attention is drawn to gaming tokens Axie Infinity (AXS), Sandbox (SAND), and Gala (GALA), which have shown significant gains over the past 24 hours.
Axie Infinity (AXS)
Axie Infinity, once a star during the 2021 bull run, reached an all-time high of $164.34. Currently, it's trading at $5.40 after a strong jump of over 15%. The token has broken through its downtrend resistance line and is now retesting that level, indicating bullish sentiment. If AXS manages to break through the current resistance at $5.54, it could target prices of $6.43 and even $8.63 in the near future.
Sandbox (SAND)
Sandbox is also making headlines, with a remarkable 13% surge in the last 24 hours. After hitting an all-time high of $8.34 in 2021, SAND is now priced at $0.2949. The token broke out of a symmetrical pattern at $0.2869 on the 2-hour timeframe, suggesting a solid upward trend. A retest of this breakout level followed by a reversal could push SAND towards its main resistance level at $0.35, representing nearly a 20% increase from its current price.
Gala (GALA)
Gala, known for its significant rise during the previous bull run, is currently trading at $0.02341, reflecting a 7% gain today and an impressive 21% increase over the past 30 days. Like SAND, GALA is approaching its downtrend resistance line at approximately $0.02457. A successful breakout from this level could lead to a further rally for GALA, capturing investor interest once again.
As Bitcoin continues its upward trajectory, gaming tokens AXS, SAND, and GALA are positioning themselves as potential gainers in the market. With their recent performance and positive technical indicators, these tokens are worth keeping an eye on in the coming week.