All Eyes on Web3 Tokens, Will MANA Price & SAND Price Break Through The Consolidation?
The post All Eyes on Web3 Tokens, Will MANA Price & SAND Price Break Through The Consolidation? appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
While all eyes are on the traditional cryptos mainly on Bitcoin, many other assets attempt to recover losses without making any noise. The popular web3 tokens are among the most expected tokens which could quickly absorb the bullish trend to get back to their previous levels. Among them are the Decentraland(MANA) price and The Sandbox(SAND) price which could rebound with huge intensity.
The Sandbox(SAND) Price Striving for a Rebound!
The SAND price grabbed huge attention in recent times as it surged like a monster. Despite a huge uptrend, the asset experienced a substantial plunge. Moreover, the lower trading volume and pace weekend the rally to a large extent. Yet as the weekend is on the toes a notable spike could be expected but the technicals point towards a contrast rally.
- The SAND price throughout the week is trending within the strong resistance and support levels
- The asset on hitting the support levels flipped a couple of times manifesting the strength in the rally, yet failing to surpass the resistance levels remains the crux of the concern
- Currently, a minor buying pressure is mounting over the platform and hence an uptrend may be validated very soon once the price surpassed the $5.5 resistance zone.
- In the worst scenario, if the assert fails to hold the $4.7 support levels, then it may initiate a downtrend testing the lower support levels
Decentraland(MANA) Price Exhibiting Bullish Divergence
Decentraland price which rose like a monster during the previous rally. However, similar to the SAND price, MANA price also slipped drastically. But luckily, the asset sustained itself strongly above the support levels which kept the hopes of a notable uptrend alive. Also the mounting selling pressure is being challenged every now and then. Therefore, the presumptions of a flip towards the north prevails.
- Similar to SAND price, MANA price is also trending within the strong resistance and support levels
- The price initiated with a flip quickly after hitting the local support levels and currently trying hard to range closer to the resistance levels
- Woefully, the trading volume is not supporting the uptrend and hence the intensity is pretty much low
- If in case the uptrend fails to register, then the price may slip towards the lower and strong support levels around $2.5 and rebound
Collectively, Web3 tokens are currently possessing huge potential to undergo a monstrous rally. MANA price and SAND price also appear to have been preparing for the same. Therefore after a notable consolidation, both metaverse tokens could eventually flip the bears very soon.
Text source: Coinpedia – Fintech & Cryptocurreny News Media| Cr
