The crypto markets are recovering as the Bitcoin price surges beyond the crucial range. While the bulls are trying hard to sustain the gains, in the meantime, some of the Gaming and RWA tokens have been displaying the possibility of gaining huge attention soon. The tokens like Immutable (IMX), Avalanche (AVAX), and Chainlink (LINK) are demonstrating great potential for a colossal run. Will they attract 50% gains in October?
Immutable (IMX)
- The Immutable price has been ranging higher in the past few months, which has kept up the bullish momentum
- Although the price slipped below the pivotal support which has turned into a resistance, the rally remains stuck within a pattern
- The RSI is horizontal while the MACD dispalys a drop in the selling pressure which suggests two possibilities for the token
- Therefore, either the price may enter the resistance zone between $1.56 and $1.63 which may further push the price above $1.8
- Otherwise, the price may face a small pullback to test the support of the rising wedge, followed by a bullish reversal to the higher targets
Avalanche (AVAX)
- The AVAX bulls have been dominating the rally ever since the token reversed from a bearish trend and is trying to rise above the average range
- After rising above the average bands of the rising parallel channel, the price is experiencing a small upward pressure
- If the bulls manage to push the prices higher, the RSI may break above the range and validate a bullish breakout
- This may elevate the levels to the upper resistance of the channel at around $31 which is coinciding with the 200-day MA
- A failure may lead the price to face rejection, causing the AVAX price to drop back below $24 in the coming days
Chainlink (LINK)
- Regardless of the price variation, the Chainlink price continues to trade within an ascending triangle after the bullish reversal in July
- The price has failed to rise above the resistance zone between $12.5 and $12.91 a couple of times which makes these levels very important to attain
- After the recent rebound from $10.5, the price is heading back, aiming to enter the zone and clearance may lead towards yearly highs
- The Gaussian channel has just turned bullish while the RSI initiated a bullish reversal which suggests the price could maintain a healthy upswing
- Therefore, the Chainlink (LINK) price could continue its trade within the ascending triangle to reach the apex following which it may trigger a massive breakout
