Big Time (BIGTIME) entered the list of major exchanges on October 11. After this, the GameFi coin price increased 15 times. That’s why gaming tokens attracted attention. According to crypto analyst David, both COMBO (COMBO) and BinaryX (BNX) are showing signs of increasing price momentum. Therefore, the analyst expects the prices of these 2 GameFi altcoins to rise further in the coming days.
COMBO price prediction: A 27% increase is possible for the altcoin
COMBO (COMBO) price reached a yearly low of $0.41 on August 17. However, it has formed an upward pattern since then. In the process, the altcoin price retested a strong resistance area at $0.7 on October 11. However, it was later rejected. The subsequent decline caused the price to fall below the key level of the upside structure at $0.54 on October 10. Thus, it showed that the uptrend has ended.
However, the altcoin price reclaimed the key level with a massive bullish candle over the following 2 days. This shows that the previous breakout was just a divergence (highlighted by the green ellipse) and the upside structure remains intact. Moreover, such deviations are often followed by strong price increases. Therefore, COMBO’s price is likely to retest the $0.7 zone in the near future. This level indicates an increase of 27.68% from the current price.
COMBO daily chart. Source: TradingViewBNX price prediction: 25% increase on the cards for the token
The price of BNX has been trading within an ascending parallel channel since reaching a yearly low of $0.17 on August 17. This is a bearish pattern that usually leads to a crash in the majority of cases. However, the altcoin price broke above this channel on October 11. Invalidation of a bearish pattern usually leads to a subsequent strong upward move. Moreover, the price broke above the strong $0.55 resistance area on the same day. Thus, he further strengthened the bullish argument.
Currently, the altcoin price is confirming both the resistance of the channel and the $0.55 area as support (green arrows). If successful, it is possible that it could quickly rise to the next major resistance area at $0.33, up 25.63% from the current price. Meanwhile, the daily RSI indicator is above 50 and sloping upwards. Therefore, it supports further upside movement.
BNX daily chart. Source: TradingViewThe predictions in the article belong to the analyst and are definitely not investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
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