• Within the absence of a promote sign, MANA might rise one other 50% to achieve 0.94.
• The day by day chart of SAND exhibits a golden cross and the worth might rise to $0.70.
• GALA could exit, however an extension to $0.70 stays a achievable objective.

In keeping with Lookonchain, the identical whales that transformed a portion of Pepe's (PEPE) income into Shiba Inu (SHIB) are additionally buying gaming tokens. Lookonchain disclosed this in a put up on March 1st.

Recreation tokens concerned within the buy embody Decentraland (MANA), The Sandbox (SAND), and Gala (GALA). Moreover, on-chain sensible cash trackers famous that the whale bought 1.6 million MANA tokens, 2.43 million SAND, and 36.88 million GALA.

The sentiment expressed by this whale means that whereas the costs of those tokens could proceed to rise, meme cash could take a backseat.

Decentraland (MANA)

MANA value has elevated by 85.15% up to now 30 days. However, the bulls avoided letting the sellers take the lead as they piled up extra quantity across the $0.56 assist. On the best way to $0.65, the bulls encountered a hurdle at $0.57 however broke by the resistance.

Nevertheless, the 4-hour chart of MANA/USD confirmed the worth falling to $0.63. Coin Version additionally noticed that Supertrend is displaying a purchase sign at his $0.56. At the moment, the indicator just isn’t flashing a promote sign for MANA.

Subsequently, there should be room for additional upside. On the time of writing, measurements for Aroon Up (orange) have been increased than Aroon Down (blue). This means that the token has the potential to rise additional.

MANA might rise one other 50% within the coming weeks if patrons proceed to dominate the market. On this case, MANA value might attain $0.94. Nevertheless, a drawdown remains to be an choice, however it’s unlikely to drop under $0.57.

Sandbox (SAND)

SAND adopted an analogous construction to MANA as the worth was buying and selling at $0.60 on the time of writing. On the 4-hour timeframe, the 20 EMA (blue) is above the 50 EMA (yellow), suggesting a bullish development.

Moreover, SAND value has damaged out above each EMAs, indicating additional upside potential. From the crossover (golden cross) at $0.47, SAND might rise above $0.60.

Within the quick time period, the worth of the token might attain $0.70, which corresponds to a rise of 47.51% from $0.47. Nevertheless, merchants needs to be cautious of bears attempting to push the worth decrease.

Gala Recreation (GALA)

The truth that this whale bought extra GALA than some other whale is notable proof. Coin Version regarded on the GALA/USD day by day chart and seen a bullish prediction from the Fibonacci indicator.

On the time of writing, the 0.618 Fib retracement was at $0.030, whereas GALA's value was $0.040. This means a attainable 25% pullback. Nevertheless, the identical indicator urged that the altcoin might rise to $0.063 (2.618 fib), and even $0.079 (3.618) in a really bullish case.

If the bulls keep the shopping for momentum indicated by the RSI, GALA might rise earlier than the retracement. Nevertheless, if the alternative occurs, the token could fall and the dealer could must discover a new entry earlier than it rises once more.