GameFi Token Prices Wake Up: BEAM and Immutable (IMX) Pump

The price of GameFi tokens is increasing. The market cap of this sector has risen by 1.765%, as per CMC data. Two tokens in particular, BEAM and Immutable (IMX), have gained the most in this sector during this period.

Analyst sets ambitious target for ImmutableX

Immutable (IMX) price increased by 5.69% in the past 24 hours. IMX has hit the price level of $1.56. Analyst Poseidon has now shared potential entry points and price targets for IMX.

Poseidon suggests that a reclaim of the $1.7 level for IMX would be a signal to build a spot position. The analyst has set an ambitious target of $7 for IMX

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BEAM Emerges as a Potential 10x Play

BEAM, another prominent GameFi token, has outpaced IMX with a 7.76% increase in the last 24 hours, reaching $0.01723.   

Cryptocurrency analyst Colin Yurcisin has labeled BEAM as an “easy 10x play” from current levels. Yurcisin points out that BEAM’s recent all-time high was $0.0443, and projects a conservative peak bull market target range of $0.15 to $0.20.  

Adding weight to the bullish case for BEAM, analyst ChartMonkey has identified a buy signal on the 4-hour chart. The analysis, based on technical indicators, provides specific entry and exit points for traders:

  • Stop Loss (SL): $0.01450
  • Take Profit (TP) Levels:
    1. $0.01986
    2. $0.02380
    3. $0.02995

This structured approach offers traders a clear strategy for capitalizing on BEAM’s potential upward movement.

Read also: dogwifhat (WIF) Leads Meme Coin Price Rally – ATH Incoming?

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Vignesh Karunanidhi
Vignesh Karunanidhi

Seasoned crypto writer with deep passion for blockchain and cryptocurrency

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