Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
Gods Unchained play-to-earn has pumped over 8% in the last 24 hours and is showing no signs of apparent weakness.
If the bulls can maintain positive price momentum there is a chance that Gods Unchained (GODS) token might recover to $0.30.
Whilst Gods Unchained looks promising in the short-term, the upside potential could still be quite limited and a new play-to-earn battle card game rival such as Calvaria still has 10x potential as it is currently in presale.
Over the last few days Gods Unchained (GODS) crypto has been increasing in price due to an influx of volume as Bitcoin consolidates around the $16,400 price range.
At the time of writing this article Gods Unchained is trading within a broadening ascending channel which is typically a bullish continuation pattern.
A large wick on top of a recent 4-hour candle does however reflect a great amount of resistance at roughly $0.26.
The price of Gods Unchained (GODS) has now swiftly corrected down to $0.241 from an overbought position which could be a good opportunity for dollar cost averaging.
As we can see from the chart above Gods Unchained has been printing higher highs and higher lows on the price charts.
If the bulls are able to maintain positive price continuation we could see a pump up to the resistance trendline of $0.262.
The next technical price target for Gods Unchained (GODS) would be at the resistance trendline of $0.29 offering up to 20.75% gains from the current trading price.
Of course the opposite could happen and Gods Unchained makes a complete u-turn and spirals back down towards a support trendline of $0.22.
If this
Read more on cryptonews.com