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Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer?


by CoinEdition
Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer?
  • IMX price retraced 8.14% this week, with support at $2.27.
  • BEAM showed a 1.38% weekly rise, with a breakout from a falling wedge.
  • GALA’s intra-day support was established at $0.04429, facing resistance at $0.04666.

As the summer gaming season heats up, so does the anticipation for action in the cryptocurrency markets, particularly within gaming-centric tokens. With gamers and investors alike looking for the next ample opportunity, cryptocurrencies like Immutable X ($IMX), Beam ($BEAM), Gala ($GALA), Axie Infinity ($AXS), and Elrond ($EGLD) are drawing attention.

Immutable ($IMX)

Despite a bullish month with the price rising 13% and fluctuating between a 30-day high and low of $2.61 and $1.85, Immutable (IMX) has retraced. This retracement is evident in the weekly chart, with IMX down 8.14% after failing to surpass the weekly high of $2.61. Moreover, in the last 24 hours, bears have dominated the market, managing to subdue price before support was established at an intra-day level of $2.27. 

On the IMXUSD price chart, the price of IMX has been in a recent downtrend, marked by a series of lower highs from Top 1 through Top 3 within a descending channel. D…

The post Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer? appeared first on Coin Edition.

Read the article at CoinEdition

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Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer?


by CoinEdition
Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer?
  • IMX price retraced 8.14% this week, with support at $2.27.
  • BEAM showed a 1.38% weekly rise, with a breakout from a falling wedge.
  • GALA’s intra-day support was established at $0.04429, facing resistance at $0.04666.

As the summer gaming season heats up, so does the anticipation for action in the cryptocurrency markets, particularly within gaming-centric tokens. With gamers and investors alike looking for the next ample opportunity, cryptocurrencies like Immutable X ($IMX), Beam ($BEAM), Gala ($GALA), Axie Infinity ($AXS), and Elrond ($EGLD) are drawing attention.

Immutable ($IMX)

Despite a bullish month with the price rising 13% and fluctuating between a 30-day high and low of $2.61 and $1.85, Immutable (IMX) has retraced. This retracement is evident in the weekly chart, with IMX down 8.14% after failing to surpass the weekly high of $2.61. Moreover, in the last 24 hours, bears have dominated the market, managing to subdue price before support was established at an intra-day level of $2.27. 

On the IMXUSD price chart, the price of IMX has been in a recent downtrend, marked by a series of lower highs from Top 1 through Top 3 within a descending channel. D…

The post Crypto for Gamers: Will $IMX, $BEAM, $GALA, $AXS, $EGLD See Action This Summer? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Renowned Crypto Analyst il Capo of Crypto Provides Update on What to Expect from Altcoins

Renowned Crypto Analyst il Capo of Crypto Provides Update on What to Expect from Altcoins

Cryptocurrency analyst il Capo of Crypto made new statements about what he expects on...
IP’s recovery fizzles out? Decoding Story’s price action and conflicting signals

IP’s recovery fizzles out? Decoding Story’s price action and conflicting signals

Bullish structure break on the 12-hour timeframe was overpowered by the swing bearish...