Axie Infinity (AXS) and Gala (GALA) are losing their momentum and are forecasted to further continue their bearish trajectories. Analysts noted that both coins could flip their support zones into resistance levels as they are yet to recover from the previous crypto market crash.
Leading experts in the cryptocurrency space have been blown away by The Hideaways (HDWY), which is a new real estate digital asset project that is projected to end this year by gaining 9,000%.
Axie Infinity (AXS) Heads to a Sell-off
Axie Infinity (AXS) declined from its corrective pattern, and its previous support zone was turned into a resistance.
The readings from the digital token’s daily Relative Strength Index (RSI) prop up the continuation of the downtrend move. This indicator plummeted from an ascending support area and declined below the 50.00 level afterward.l.
Before the most recent liquidation, Axie Infinity witnessed a 50% incline at $11.85, but the point of the rally has not yet been breached. Thus, technical indicators show that the support in those areas is unstable.
Over the past year, Axie Infinity’s price has declined by 77.28%, and analysts projected this downward move to continue further.
Thus, investors began searching for the best replacement for AXS, and they found The Hideaways (HDWY), which is rated as the best investment in 2022 and is forecasted to spike by 9,000.00% by the end of the year.
Gala (GALA) will be Stuck in the Red
The price of Gala the (GALA) tokens plummeted as the broader crypto market struggled with bearish pressure.
The digital asset is trading below the 50 and 100 moving averages and is resting at the long-term demand zone after failing to break its resistance zone.
Gala’s bearishness led to a breakdown in its price, which resulted in a robust rejection of the moving averages.
Besides, its price is not performing well at the bottom of the Bollinger band indicators after failing to hold at the upper band. Thus, the breakdown led to the GALA plummeting below the 14-day simple moving average.
Moreover, Gala’s Relative Strength Index (RSI) curve traversed at 38.47 and has fallen behind the 20-day exponential moving average. This reading indicated a strong bearish sentiment in the upcoming sessions.
The Hideaways (HDWY) Steals the Limelight
The Hideaways have sold almost 50% of their pre-sale tokens in just 2 weeks. With the project pumping hard, the price is expected to jump another 100% after already delivering 100% gains last week.
Huge amounts of investor interest is being driven by the opportunity to earn massive monthly yield from real-world rental properties.
The Hideaways are currently running a promotional offer too, with a whopping 50% bonus being given to investors who become a VIP tier member – with Bronze being available for just $2,500.
A 25% bonus is applied on your initial purchase and your total HDWY token balance is uplifted by a further 50% if you take part in the promotion – running until midnight on Sunday.
Huge gains are expected from a project that’s only been around for 2 weeks, with analysts predicting that the price will hit at least $0.09 by November 2022.
With a huge 50% bonus on purchases this weekend, it would be well worth investing to secure a massive return on investment.
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.
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