Zylo Ecosystem
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Pudgy Penguins
Bitcoin
- Decentraland, The Sandbox, and Axie Infinity are the top ‘play to earn’ coins of 2024.
- The AXS crypto price has just surpassed the key moving averages on a daily time frame.
- A golden crossover has been seen in the Relative Strength Index.
The Sandbox, Axie Infinity, and MANA are the ‘top play to earn’ coins of 2024, according to market capitalization. Basically, ‘play to earn’ games are built on blockchain technology. It gives players full control over their gaming accounts and related assets, which they can sell on secondary marketplaces or exchanges.
Axie Infinity Price Technical Analysis Over 1-D Timeframe
The chart structure displays that the AXS price has formed a base at the $6.60 level by taking support 3 times at this level. It has taken support on the $6.60 level and has witnessed slow and steady growth.
The price has exceeded the key moving averages, which shows that the AXS price has triggered a pullback in a broader time frame and is ready to shoot up. The rise in different matrices like volume and social dominance may impact the price positively.
The digital asset price below the 200-day EMA can be a sign of the bearish forecast. If the Axie Infinity price slips below the significant support level of $6.60, the sellers may dominate further.
The Sandbox Price Has Formed a Symmetrical Triangle Pattern
The SAND crypto price formed a symmetrical triangle pattern on a daily time frame and triggered a breakout. The price has triggered a breakout and is heading for the 200-day EMA.
If the Decentraland price exceeds the parallel channel, it may easily extend to the $0.570 hurdle. The zone of $0.570 is crucial because in March & April, buying momentum was detected thrice. Breakout after consolidation from this territory can witness strong buying pressure.
On the other hand, the $0.400 hurdle has been a strong support level. Sometimes, panic selling can be observed if the price fails to defend this level. The panic selling might display a strong selling pressure ahead.
Conclusion
The Sandbox, Axie Infinity, and MANA are the ‘top play to earn’ coins of 2024 based on the market capitalization. The MANA price has stuck in a parallel channel, and a sharp momentum can be seen after the breakout or breakdown. SAND price has triggered a breakout from the symmetrical triangle, and a golden crossover has been observed between the RSI and the RSI-based moving average. Axie Infinity’s price has exceeded the 200-day EMA and is yet to knock the $10 hurdle soon.
Technical Levels
MANA price may take support on the $0.400 and $0.320 while facing resistance from the $0.480 and $0.570 marks.
The Axie Infinity crypto price is expected to take support at $6.60 and $5.40. It may face resistance from the $9.30 and $11.30 levels.
The Sandbox price might take support on the $0.400 and $0.320 mark if bears dominate. SAND crypto price may face resistance from the $0.500 and $0.600 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
