decenterland ,Mind) The short term price forecast is turning bullish as prices show bullish signals RSI, sandbox ,Sand) Short term price prediction is more decisively bullish due to breakout from the descending resistance line.
Decentraland Short Term Price Prediction – Breakthrough Coming?
worth Of decenterland Has fallen below a descending resistance line since December 5th. The downside momentum led to a minimum price of $0.284 on December 30. mind value Since then it has been trending up but has not broken out of the resistance line.
Despite the failure to break out, technical analysis indicators are bullish. This is clearly visible in the RSI, which has generated a fairly bullish divergence (green line). Such divergence often precedes an upward move.
If this is the case, Decentraland price would be expected to break out of the resistance line and move towards the 0.5-0.618 Fib retracement resistance level, with an average price of $0.355 – $0.373.
However, it is worth mentioning that Grayscale holds 1% of the total market cap of MANA. if the first is forced liquidate some of its holdings, this may have a negative impact on the MANA token price. Therefore, a rejection from the resistance line could send MANA back below $0.30.
A drop below the December 30 low of $0.284 indicates that the trend remains bearish.
sand price may increase up to 50%
Sand worth There has been a decline below a long-term descending resistance line since reaching a price high of $0.985 on November 5. The downside movement reached the January 1 low of $0.375.
Despite the decline, several bullish signals suggest that a relief rally is expected.
First, Sand price has broken above the descending resistance line to signal that the downside move may be complete.
Secondly, the six-hour RSI has generated a fairly bullish divergence. Furthermore, it has now moved above the 50 line.
The last time such a divergence (green, dashed) occurred, the SAND token price increased by 23%. These signal that an upward move towards the 0.382-0.5 Fibonacci retracement resistance level at $0.608 – $0.681 is expected. A drop below the January 1 low of $0.375 (red line) would invalidate this bullish SAND price analysis.
To conclude, both SAND and Decentraland short term price predictions are bullish. However, the outlook for SAND is slightly more favorable as it has already broken above its descending resistance line. A drop between the January 1 lows would invalidate the bullish price forecast for these digital assets.
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