Price Analysis

STEPN(GMT), Gala(GALA) & Decentraland(MANA) Price Record 50% Gains

Written by: Sahana Vibhute

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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May 13, 2022

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Highlights

    GMT, GALA and MANA price rose exceptionally high very quickly as the market began with a recovery

    Apart from these tokens, Fantom, Apecoin, Harmony, Kadena, etc also recorded huge gains beyond 40%

Amid the recent market instability, the global market capitalization was on the verge to plunge below the crucial $1 trillion mark. However, the recent recovery of the star crypto Bitcoin beyond $30K helped the crypto asset to recover to a large extent. The DeFi’s, NFT’s, and other popular cryptos marked huge gains in a very limited time. 

STEPN(GMT)  

gmt
  • The STEPN (GMT) price from the early trading hours ignited a surge from the level below $1 to the current levels at $1.70
  • The asset is forming a couple of bearish hammers from a couple of hours which signifies an incoming upswing very soon
  • However, until and unless the price surges above $2, the rally is still haunted by the bears which are currently pretty unlikely 
  • Once the prices clear at $2 levels, the fear of a pullback may reduce only if the market conditions are stable.

Gala (GALA) 

gala
  • Gala price much similar to the GMT price flipped from the bottoms and gained an immense bullish push
  • After spiking extremely which formed the pole and the further consolidation formed the flag, hence forming a bullish flag
  • The price may consolidate within the flag for another couple of hours and eventually break through the flag and surge high
  • With a breakout, the price may surge beyond $1 initially and surpass $0.14 within no time.

Decentraland(MANA) 

  • The MANA price reached the highs beyond $5 and since then the price maintained a steep descending trend
  • However, the price after reaching the lower support of around $0.5 and ignited a rebound beyond $1
  • The price is reached the levels around $1.6 may ignite a surge towards $2 else a pullback may be ignited
  • With a pullback, the price may remain consolidated below $1 maintaining a descending resistance until the apex of the descending triangle

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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