{"id":3317,"date":"2022-04-12T06:58:14","date_gmt":"2022-04-12T06:58:14","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=3317"},"modified":"2022-04-12T06:58:15","modified_gmt":"2022-04-12T06:58:15","slug":"metaverse-stars-decentraland-the-sandbox-face-correction","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=3317","title":{"rendered":"Metaverse Stars Decentraland, The Sandbox Face Correction"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<h3>Key Takeaways<\/h3>\n<p>Decentraland and The Sandbox have both plummeted over the past week.<br \/>\nMANA appears to have breached critical support while SAND is holding support.<br \/>\nIf bulls do not step in, both Metaverse tokens face another drop. <\/p>\n<p>Share this article<\/p>\n<p>Decentraland and The Sandbox could be due for a correction as the global cryptocurrency market cap has tumbled\u00a0below $2 trillion. Both tokens appear to be trading on weak support while selling pressure increases.\u00a0<\/p>\n<h2>Decentraland Breaches Vital Support<\/h2>\n<p>Decentraland looks bound for significant losses after failing to overcome critical resistance.\u00a0\u00a0<\/p>\n<p>The Metaverse game\u2019s MANA token has seen its price drop by more than 23% over the past week. The downswing came after MANA was rejected from the upper boundary of a parallel channel its price has been contained in since early November 2021.\u00a0<\/p>\n<p>Now that Decentraland has breached the $2.25 support level, a steeper decline is possible.\u00a0<\/p>\n<p>Price history shows that MANA tends to retrace to the channel\u2019s middle or lower trendline when the pattern\u2019s upper edge rejects it. Similar price action could result in a 19% correction to $1.71. But if this support level fails to hold, MANA could dive further toward $1.21.\u00a0<\/p>\n<p><em>Source: TradingView<\/em><\/p>\n<p>It is worth noting that a rise above $2.78 could invalidate the pessimistic outlook. Moving past the crucial resistance area could encourage sidelined investors to re-enter in the market. Under such unique circumstances, Decentraland could have the strength to surge to $3.75.\u00a0<\/p>\n<h2>The Sandbox Hangs by a Thread<\/h2>\n<p>The Sandbox is holding above a critical area of support that bulls must defend to avoid further losses.\u00a0<\/p>\n<p>SAND has lost 0.84 points in market value over the past week. The sudden correction pushed the Metaverse token to the X-axis of a descending triangle it has been contained in since mid-November 2021. The Sandbox must now hold this level as support to avoid a correction.\u00a0<\/p>\n<p>The height of the triangle\u2019s Y-axis anticipates that a decisive daily candlestick close below $2.56 could trigger an almost 68% retracement. Such a significant sell-off could see SAND dive to find support at $0.77.<\/p>\n<p><em>Source: TradingView<\/em><\/p>\n<p>A push above $3.30 could invalidate SAND\u2019s bearish thesis. A sustained daily close above this resistance level could trigger a breakout, pushing the Metaverse token toward $5.37.\u00a0<\/p>\n<p><em>Disclosure: At the time of writing, the author of this piece owned BTC and ETH.<\/em><\/p>\n<p>Share this article<\/p>\n<p>The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.<\/p>\n<p>You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.<\/p>\n<p>See full terms and conditions.<\/p>\n<h3 class=\"title\">NFT Express: Your on-ramp to the world of NFTs<\/h3>\n<p>\nAt Tatum, we\u2019ve already made it super easy to create your own NFTs on multiple blockchains without having to learn Solidity or create your own smart contracts. Anyone can deploy&#8230; <\/p>\n<h3 class=\"title\">What Can You Do in Decentraland\u2019s Metaverse?<\/h3>\n<p>\nJoin Crypto Briefing as we explore the events, games, and attractions bringing players into the virtual world of Decentraland.\u00a0 What Is Decentraland?\u00a0 Decentraland is a 3D virtual world owned by&#8230; <\/p>\n<h3 class=\"title\">Decentraland, The Sandbox Look Poised to Soar<\/h3>\n<p>\nDecentraland and The Sandbox appear to be on the brink of a bullish breakout. Still, both Metaverse tokens will need a spike in buying pressure to achieve their upside potential.\u00a0&#8230; <\/p>\n<h3 class=\"title\">Decentraland Eyes Rally Ahead of Metaverse Fashion Week<\/h3>\n<p>\nDecentraland\u2019s MANA token appears to be building bullish momentum for a potential breakout in the lead-up to its Metaverse Fashion Week event.\u00a0 Decentraland Hosts Metaverse Fashion Week MANA could be&#8230; <\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptobriefing.com\/metaverse-stars-decentraland-the-sandbox-face-correction\/?utm_source=main_feed&#038;utm_medium=rss\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Decentraland and The Sandbox have both plummeted over the past week. MANA appears to have breached critical support while SAND is holding support. If bulls do not step in, both Metaverse tokens face another drop. Share this article Decentraland and The Sandbox could be due for a correction as the global cryptocurrency market [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1528,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[4],"tags":[],"class_list":["post-3317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3317"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3317\/revisions"}],"predecessor-version":[{"id":3318,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/3317\/revisions\/3318"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1528"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}