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The altcoin market saw a slight uptick over the last five days after most altcoins' four-hour technicals swooped into the oversold mark. Consequently, Solana flashed a bullish edge after breaking out of its falling wedge.
Most of the DeFi tokens in the crypto space earn their value from the function and success of the protocol they stem from. Naturally, any change in the protocol's ecosystem is bound to have a ripple effect on the token as well.
Decentraland and SandBox could suffer another correction to collect the liquidity needed for a new uptrend to begin.
SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.35 mark. On May 16, 2022, the cost of SAND experienced a flash crash and reached $1.28, but it further increased to $1.34, which is the current price.
It has been three weeks since SAND broke out of its wedge pattern with the bears ready to take over. The token just concluded another bearish week by being oversold, before recovering by approximately 38%.
May 2020 started hoping that we might just have found the bottom of this prolonged bear market. However soon, disaster struck us.
12 May saw massacres across the crypto market, compounded by Terra [LUNA] and TerraUSD [UST] crashing to unimaginable lows. However, 13 May had Bitcoin and Ether seeing recoveries of more than 5% in a day.
Sebastien Borget, co-founder of The Sandbox, sees a big year ahead. Here's why investors should be watching the SAND crypto.
SAND price analysis reveals that the cryptocurrency has been following a partial bearish trend, with the price of SAND/USD moving towards the $1.5 mark. On May 12, 2022, the cost of SAND started to suddenly crash and reached $0.9 but shifted to a positive momentum the next day.
The Sandbox price is crawling back as investors attempt to buy the dip in cryptocurrencies. What is the outlook of the SAND token?
SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.2 mark. On May 12, 2022, the cost of SAND experienced a flash crash and reached $1.16, and it further decreased to $1.1, which is the current price.
After the 20 EMA (red) refuted most of the recent recovery attempts, the sellers steered the trend in their favor by sinking the price below the lower trendline of the down-channel (yellow). This trajectory has impacted the buyer's ability to negate the selling pressure whilst the alt poked its multi-month lows.
The NFT market is booming, with prices of the most popular NFTs surpassing millions of dollars. As a result of this boom, the digital tokens [.
Investors who bought into the Metaverse early are now reaping the rewards in billions. Interestingly, one of the world's largest technology organizations, Facebook, rebranded to Meta in an attempt to capitalize on the Metaverse.
The broader market took a nearly 4% 24-hour plunge on its global market cap at press time. Consequently, Terra, Monero, and SAND's 4-hour RSI dived to exhibit a bearish inclination.
The folks from the cryptosphere are now evaluating the price projections of the tokens catering to metaverse projects. Which had portrayed phenomenal trajectories in the recent past. Wherefore, altcoins such as MANA, SAND, AXS, and ZIL are under the radar of marketers. Decentraland (MANA): MANA's supply on cryptocurrency exchanges continues to brush ATHs since the …
The cryptocurrency market has suffered a big fall in the past 24 hours. Its total cap is now $1.76 trillion, representing a 7.4% drop in [.
