Investors Attention! Breakthrough Is Near For These Metaverse Coins!

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When Will Cryptocurrencies Rise? Is the Falling End Coming? SAND has been falling within a descending wedge formation since reaching $1.42 on Aug. 14. A descending wedge is considered a bullish pattern, meaning that when the pattern is examined, it will generally result in a final breakout. Currently, the SAND is constantly moving between resistance and support, so a decisive move can be expected in the near future. Analysis from technical indicators and price action may indicate that a breakout is expected in a clearly formed wedge.

First, the price is trading inside the horizontal support area of ​​$0.80, which was the June low. Second, the daily RSI has created a bullish divergence over the past month (green line). If a breakout occurs, the first area of ​​resistance could be at $1.23. This is the 0.618 Fib retracement resistance level as well as a horizontal resistance area.

MEANING
MANA’s price action and reviews are eerily similar to SAND’s. The price has been falling inside a descending wedge since August 12 and has almost reached the predicted end point of the pattern. MANA also bounced off the $0.70 support area, which was the low seen in May. Additionally, the daily RSI created a bullish divergence, supporting the possibility of a breakout. If a breakout occurs, the nearest resistance area could be at the 0.382 Fib retracement resistance level and $0.85 formed by a horizontal resistance area.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should know that cryptocurrencies carry risks due to their high volatility and should perform their transactions in line with their own research.
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