Home Metaverse Decentraland (MANA) and Sandbox (SAND) face problems

Decentraland (MANA) and Sandbox (SAND) face problems

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Decentraland (MANA) and Sandbox (SAND) face problems

Source: beincrypto.com

Decentraland (MANA) price is showing bullish signs on the weekly time frame, but the daily chart suggests that more declines are likely before a reversal.

In the meantime, Sandbox (SAND) price has a bearish outlook in both the long and short term. It broke from a horizontal support area and is at risk of falling below its yearly lows. This could greatly accelerate the rate of decline.

MANA price drops below 17-month support

MANA price has been declining within a descending parallel channel since reaching an all-time high price of $5.91 in May 2021. The downward movement so far has led to a low of $0.62 in May 2022.

Initially, it looked like the move down triggered a breakout of the support line of the channel. However, the price of MANA reversed the trend shortly…

Read More at beincrypto.com