The current Sandbox and Decentraland Price Prediction 2022 has skyrocketed: it’s a hot issue not only among investors but also in popular culture, due to everyone from long-term investors like Elon Musk to that kid from your high school on Facebook.
Let’s Check the Technical Movement of Sandbox and Decntraland:
Sandbox Price Prediction 2022
SANDBOX appears to be taking support at the level of $ 3 after falling from the monthly high of $ 8.48. Two support levels at this price range create a strong buying opportunity, and it is very likely to bounce to the next resistance level of $ 4.75 – $ 4.85 in a rapid move. The price is expected to face strong selling pressure as a result of the convergence of 100 period moving averages and traditional resistance.
If the bullish momentum is strong enough to give a close above $ 3.80 in a 4-hour candlestick chart, SANDBOX will head for the previous high of $ 6.18; representing a 28 percent increase from the current price level.
While the Sandbox price is expected to rise; a break below the 100-day moving averages at $ 4.10 would indicate increased selling activity. A daily candlestick close below the lower limit of the demand zone at $3.85 may cause the price to fall further, and in that case; the price may find support at the critical level of $3.00.
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Decentraland Price Prediction 2022
Decentraland’s price tested the critical support level of $2.78 three times in the first two weeks of January, forming a triple bottom setup.
Although the MANA price was able to cross the above level, the position could not be maintained for more than a day.
Furthermore, it encountered strong resistance from the 50-day simple moving averages; causing the price to fall below the strong quarter-long support zone of around $2.10.
Despite the fact that support is building at $1.6; the price is expected to face strong selling pressure at the previous support level.
Given that buyers were unable to sustain above $2.78 and the MANA price has breached the level of $2.10; the currency is very likely to remain in a downtrend and fall further to the next critical support level of around $1.00. In that case, investors can expect a 75 percent drop from the current level.
The stochastics appear to be pointing in the same direction; and no recovery appears to be on the horizon for the Decentraland any time soon.
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