Price Analysis

Decentraland (MANA) & The SandBox(SAND) Price Keep NFT Space High!

Written by: Sahana Vibhute

Written by right arrow

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Nov 13, 2021

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Highlights

    MANA price and SAND price jump out of consolidation in order to leap high towards their respective resistance levels

    The highest levels for both the assets are not out of reach as they can not only reach ATH but discover new highs

Decentraland(MANA) Price Testing Crucial Resistance

As Coinpedia earlier reported, Decentraland continued to range towards the north since the early trading hours. The asset recorded a double-digit gain after rallying more than 300% in the past 30 days. With the bullish momentum mounting up, the asset could slice through the crucial resistance at $3.47 and range towards its highs. 

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The MANA price closed the previous month with a huge blow surging more than 580% in just 3 days. Further, with the start of the current month, the price dipped nearly 100% and began consolidating until the previous day. However, since the early trading hours, the asset initiated with yet another bull run. The asset successfully sliced through the pivotal resistance levels around $3 to attain levels above $3.2.

manachart
Source: Tradingview

MANA price after attaining the daily highs at $3.55 and quickly entered consolidation yet sustaining above $3.2 levels. Currently, the selling pressure appears to be mounted all around the platform and hence the price is stuck up within the current levels. Amid the present trend, the asset may face a minor pullback towards the support levels around $3. And bounce with full momentum to smash the upper resistance at $3.7. Later ATH may not be too far for the asset to attain followed by discovering new highs.

Also Read: This Is Where Shiba INU (SHIB) & Dogecoin (DOGE) Price Will Be Heading This Weekend?

The SandBox(SAND) Price Heading Towards ATH

The SAND price after ranging within a very narrow trend for a pretty long time finally surged more than 350% at the same time MANA price rallied. Similarly, this asset also fell apart with considerable margin and consolidated for a while. And hence the asset initiated its trend within a symmetrical triangle that it broke in the past couple of hours. 

sandchart
Source: Tradingview

No doubt the asset smashed through the triangle, yet could not plot a giant leap and initiated with minute jumps. However, despite a slight pullback, the asset at the press time is attempting hard to head towards immediate resistance levels around $3.3. The asset after smashing the ATH may range high towards its predefined target of around $4. 

Collectively, the NFT space is gaining huge attention and adoption in recent times. The tokens like Decentraland and The SandBox is ranging high towards new highs in the upcoming days. MANA price and SAND price many reach their respective resistance levels and also discover new highs, trending within the stratosphere.

Also Read: Top Lowcap Altcoins to Invest For 2022! AAVE, UNI, THETA, MUTE, and Helium To Shift Gears!

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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