Decentraland (MANA) is poised to gain at least 20% this week, according to the analyst. Decentraland price rose on Sunday, setting the mood for the new trading week. Axie Infinity price is poised to move up and AXS is heading for the fourth consecutive day of earnings. Details are on Kriptokoin.com.
Is further rise in MANA price possible?
According to analyst Filip L., Decentraland (MANA) price was set higher after the price action broke above the 78.6% Fibonacci level at $3.00 and is now set to mark the $3.66 or 61.8% Fibonacci retracement level on Sunday. If it hits its target, the return will be around 20% at least as the 61.8% Fibonacci level will unlock more upside potential assuming the bulls can push the price beyond the monthly R1 pivot in this process. If the current headwinds prevail, the analyst expects a possible rally even to $4.00.
We expect further rallies towards $4.00 as investors process all the information from central banks last week and once again seek risky investments. On the other hand, negative news from some central bankers may cause some panic among investors. In the short-term, this level should hold, but if the pressure builds, expect more declines towards $2.56 as the negative news continues throughout the week.
According to the analyst, the price of Axie Infinity is preparing to explode upwards. AXS bulls are testing the water around $72 before reaching $73.62. Later this week, we expect a higher breakout of 16% gains, targeting $85.00. Axie Infinity (AXS) price looks set for an uptrend this week, unlocking another area and potentially gaining 16%.
The bulls are ready to tackle this after testing the $73.62 level, but face taking some profits beforehand. A temporary drop will not be welcome as the Relative Strength Index (RSI) has overheated a bit and now has a chance to cool off, giving bulls room to enter before price action starts up again. AXS price will need to face the real $73.62 resistance level first and it could rise above it as the current pullback offers an opportunity to re-enter the long trade.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.