Will Apple’s Metaverse News Send Decentraland (MANA) and the Sandbox (SAND) Prices Skywards?

2023-1-25 19:00

The Sandbox (SAND) price and Decentraland (MANA) price have both broken out from diagonal resistance levels but have yet to clear important horizontal ones.

Jan. 24 brought interesting news for the metaverse. Apple’s mixed reality headset is likely to come out later this year. While the headset is unlikely to be a fully open virtual world like Decentraland or The Sandbox, it will include video conferencing and meeting rooms for Apple users.

On the one hand, Apple is unlikely to allow objects outside the Apple ecosystem to interact with any of their devices. This makes it unlikely that the release will have a positive impact on metaverse related tokens.

However, the fact that Apple is the latest giant to move into metaverse technological innovation after Meta, Microsoft, and Sony could bolster assets of digital worlds.

Decentraland Price Breaks out From 250-Day Resistance Line

The Decentraland price has moved upward at an accelerated rate since Jan. 1. So far, it has increased by 150%. 

On Jan. 21, the MANA token price reached a maximum price of $0.78. Besides being a new yearly high, this also caused a breakout from a descending resistance line that had been in place for 250 days. However, the Decentraland price has failed to initiate a considerable upward movement after the breakout and is still hovering around the line. 

If the price validates the line as support, it could begin an upward movement toward the next resistance at $1.15. If it fails to do so, the price could decrease toward the 0.382-0.618 Fib retracement support levels between $0.59-$0.48.

The bearish divergence in the six-hour RSI indicates that the latter is slightly more likely.

MANA/USDT Daily Chart. Source: TradingView The Sandbox Price Gets Rejected by Fib Resistance

The Sandbox price has increased by 110% since Jan. 1 and broke out from a descending resistance line on Jan. 15. It reached a high of $0.85 seven days later. 

Like MANA, the RSI generated bearish divergence (green line) over the past 24 hours, which could catalyze a fall. Moreover, the price was rejected by the 0.382 Fib retracement resistance level at $0.80 and created a long upper wick (red icons).

If the SAND token price manages to clear the 0.382 Fib resistance, it could increase to the next Fib level at $0.93. If it gets rejected, a drop toward the $0.62 support area and the descending resistance line would be expected.

SAND/USDT Daily Chart. Source: TradingView

To conclude, both the SAND and MANA prices broke out from diagonal levels but have yet to initiate significant upward movements. Whether they break out from their nearest horizontal resistance levels or get rejected instead could determine the direction of the future trend.

For BeInCrypto’s latest crypto market analysis, click here.

The post Will Apple’s Metaverse News Send Decentraland (MANA) and the Sandbox (SAND) Prices Skywards? appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Decentraland (MANA) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5768
Капитализация $0 Rank 99999
Цена в час новости $ 0.6464 (-100%)

mana decentraland sandbox sand send skywards prices

mana decentraland → Результатов: 126


ChainLink, Livepeer, Filecoin «выстрелили» после запуска траста Grayscale

Компания Grayscale, под управлением которой находятся цифровые активы на сумму до $43,6 млрд, запустила новые трасты. У институциональных инвесторов появилась возможность направить средства в продукты, ориентированные на ChaniLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL) и Livepeer (LPT).

2021-3-18 17:32


Альткоин ChainLink «выстрелил» после запуска траста Grayscale

Компания Grayscale, под управлением которой находятся цифровые активы на сумму до $43,6 млрд, запустила новые трасты. У институциональных инвесторов появилась возможность направить средства в продукты, ориентированные на ChaniLink (LINK), Basic Attention Token (BAT), Decentraland (MANA), Filecoin (FIL) и Livepeer (LPT).

2021-3-18 17:20


Фото:

Крупнейший криптовалютный фонд запускает пять трастов

Grayscale предложит клиентам инвестировать в альткоины. Крупнейший криптовалютный фонд, американский Grayscale, который известен своими значительными инвестициями в биткоины, намерен открыть пять трастов, ориентированных на пять альткоинов: Chainlink (LINK), Livepeer, Filecoin (FIL), Basic Attention Token (BAT) и Decentraland (MANA).

2021-3-18 11:46


The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week

The biggest altcoin gainers are: Chiliz (CHZ) – 146% Enjin Coin (ENJ) – 106% Theta Fuel (TFUEL) – 92% Decentraland (MANA) 57.3% THETA (THETA) – 48% NEM (XEM) – 45% Basic Attention Token (BAT) – 43% Chiliz (CHZ) CHZ was the biggest gainer from last week, increasing by a massive 377% over the past nine … Continued The post The Magnificent Seven: CHZ, ENJ, TFUEL, MANA, THETA, XEM, BAT – Biggest Gainers of the Past Week appeared first on BeInCrypto.

2021-3-5 15:37


Decentraland (MANA) ввела настраиваемые аватары

Первая платформа виртуальной реальности, принадлежащая своим пользователям, Decentraland (MANA) объявила, что в Genesis City появятся настраиваемые аватары. We’re excited to introduce Avatars for Decentraland! Express your virtual self and explore the metaverse in style with a truly one-of-a-kind avatar.

2019-4-25 11:19


Decentraland интегрируют в блокчейн-смартфон HTC, цена MANA растет

Не успел стартап Decentraland сообщить о начале сотрудничества с производителем смартфонов HTC из Тайваня, как цена собственного токена блокчейн-проекта подскочила на 50%. По сообщению руководства компании, Decentraland и команда Exodus трудится над интеграцией экосистемы стартапа в смартфон EXODUS 1.

2019-2-28 19:33