Today, a relatively positive mood was blowing in the markets due to BTC’s taproot update. As we approach the weekly close, activity continues in the most popular crypto currencies. Binance Coin (BNB), Decentraland (MEANING) and The Sandbox (SAND) what are the current support levels? We are studying short- and medium-term price targets.
Binance Coin (BNB)
Since September 24, BNB he decamped between two parallel lines for about five weeks. The price broke the upper channel on November 7 after a 39-day 65% rally. About 7 weeks of travel brought a total gain of over 89%. During the week, the bears have consistently resisted the rally, showing resistance at the level of 648 dollars. However, the bulls found strength, as the price traded above the 4-hour 20-50-200 SMA at $ 645.7.
The RSI has risen steadily above the midline over the past two days and made its decision in favor of the bulls. In addition, an upward decoupling occurred between the RSI and the price movement. Accordingly, bulls can take action to break the resistance. Also, the MACD points to an uptrend.
At the time of writing, the price is trying to hold on to over $648. Bitcoin if it can stay strong, this is Binance Coin (BNB) it will also be reflected in the price.
Reaching Athos at the end of October, MANA retreated somewhat. The decline, which continued until the bulls returned, stopped at 45% on November 11. This reversal caused a descending wedge to break when the price reached $3.8 on November 13. Over the past day, MANA has seen a decrease of 11.83%, with short-term technical indicators indicating an increased bearish effect.
At the time of writing, Decentraland (MANA) continues to find buyers for $ 3.2. The RSI was down 20 points above the overbought zone. The MACD and other momentum values seem weak, losses may continue for some more time.
The Sandbox (SAND)
Facebook’s rebranding as Meta has also affected the price of The Sandbox (SAND). The SAND, which reached the ATH point on November 3, rose by close to 350%. The SAND price, which has lost close to 8% in the last 24 hours, has retreated to $ 2.8.
The RSI fell by 18 points on the last day, but remained above the midline. In addition, the MACD shows a possible downward trend, although it prefers buyers. In addition, the probability of a fall is getting stronger as AO approaches october zero line. If the downward movement continues, the 2.55 dollar will be critical. Supports 2,33 and 2,16 can be visited, respectively.