Metaverse Tokens To Make A Comeback In Late 2024?
![Metaverse Tokens To Make A Comeback In Late 2024?](https://cryptoinvestment.at/wp-content/uploads/2024/08/metaverse-tokens-to-make-a-comeback-in-late-2024.webp)
The post Metaverse Tokens To Make A Comeback In Late 2024? appeared first on Coinpedia Fintech News
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?
Meta Tokens On The Rise: GALA In A Bearish Pennant
Trapped in a falling channel, GALA reveals a bearish influence on the daily chart. The downfall accounts for a price loss of 81% since March 2024.
![AXS Price Analysis 21-aug-2024](https://image.coinpedia.org/wp-content/uploads/2024/08/21162247/AXS-price-analysis-21-aug-2024-1024x485.png)
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.
Currently, the GALA price is trading at $0.017, with an intraday Doji candle after the 2.74% surge last night.
In the bear channel, the bearish pennant in the GALA price is on the verge of a bullish breakout. This will challenge the overhead trendline to $5 with increasing chances of an extended rally.
Wedge Breakout Run For MANA
With a falling wedge in the MANA 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.
![Mana Price Analysis 21-aug-2024](https://image.coinpedia.org/wp-content/uploads/2024/08/21162423/MANA-Price-Analysis-21-aug-2024-1024x485.png)
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 MANA price is trading at $0.2729 with an intraday gain of 1.30%, forming a bullish candle.
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.