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The gaming cryptocurrency Gala (GALA) and Decentraland (MANA) are anticipated to remain sitting in the negative territory until November of this year.
Meanwhile, the new crypto project, The Hideaways (HDWY), continued to defy the market’s volatility and is set to increase in price this Sunsay.
Gala (GALA)’s Price Drops Nearly 70% in a Day
Since October 2021, Gala (GALA)’s price has been negative and has already lost 68.86%. This bearish movement continued this year as it plummeted by 20.02% in the past 30 days and tumbled by 2.01% in the last seven days.
Currently, the digital asset is trading behind the 200-day simple moving average of $0.04078 and the 200-day exponential moving average of $0.0411. This indicator has been signaling a sell action for the previous 182 days since April 02.
Consequently, GALA’s price is below the 50-day SMA and has been hinting a bearish move for the last 44 days since August 18.
According to the latest price prediction, 23 technical indicators are signaling bearish signals, translating to 85% against a 15% bullish sentiment.
Furthermore, the coin’s price is anticipated to plunge by 6.69% and hit $0.0377 by October 08, and its 200-day SMA could drop to $0.0708 by November 01.
Besides, GALA’s Fear & Greed Index shows a 24 reading, which marks the market’s extreme fear sentiment.
Decentraland (MANA) Analysis: Technical Indicators are Extremely Bearish
At the time of writing, Decentraland (MANA) is trading below the 200-day simple and exponential moving average of $0.7035, hinting at a sell move for the last 179 days since April 06.
Likewise, its 50-day SMA is crossing through the $0.6994 level and its 50-day EMA traverses the $0.6974 zone. This indicator has been signaling a bearish action for MANA for the previous 44 days since August 19.
Besides, the digital asset’s Moving Average Convergence Divergence (MACD) reading was negative and is sitting at -0.001, suggesting a sell position.
Also, MANA only recorded 14 days of 47% of bullish action in the past 30 days with a 5.30% volatility.
Subsequently, the coin received a bearish sentiment as its Fear & Greed Index showed a 24 reading, which shows the market’s extreme fear position for MANA.
Cryptocurrency experts have predicted Decentraland’s 200-day SMA would slide to $0.9772 by November 02, and its short-term 50-day SMA is gauged to hit $0.6958 in the same period.
The Hideaways (HDWY) is Unstoppable
Due to the bearish projections for Gala (GALA) and Decentraland (MANA), investors began exiting their positions and flocked to The Hideaways (HDWY), which analysts forecast will post incredible gains.
The Hideaways gives its investors power to:
- Invest in real-life luxury assets for as low as $100
- Acquire off-the-market settlements to guarantee traders get the most capital appreciation out of the property
- Generate short-term and long-term rental yield out of real-life properties
- Yield and staking combined will give oer 90%
In September alone, the HDWY’s presale token is available for just $0.045 and is set to keep rising.
With a small market cap of just $45m, this is a great opportunity to investors to make huge gains in 2023.
Website: https://www.thehideaways.io
Pre-Sale: https://ticket.thehideaways.io/register
Telegram: https://t.me/thehideawayscrypto
Twitter: https://twitter.com/hdwycrypto
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