metaverse coins, Facebook’s “MetaHe started rallying after his move. SAND Many metaverse coins, such as these, participated in this rally and increased their value significantly. But will the ongoing rally look in SAND continue to protect itself?
To start the analysis with important technical points, SAND The price took a strong support on the 20-day EMA chart. The daily RSI chart has signaled a significant drop in value. Intraday trading volume in SAND 2.5 billion dollars levels, which shows an increase of 56.3% compared to the previous period.
On November 3, SAND, $3.45reached its all-time high (ATH). The rapidly rising price was calmly stabilized by a “small pullback”. SAND The price declined to the 0.5 Fibonacci retracement level, which provided ample support for this token.
Important EMAAs for the 20s (20, 50, 100 and 200), the token continues to present a strong uptrend with the 20 EMA lines currently supporting its price well.
The relative strength index value, on the other hand, is now at 68 and has dropped significantly after a “small pullback” in price action.
SAND/USD Chart: 4-Hour Outlook
0.5 Fibonacci Bounced from the retracement level, SAND proved to be a “reasonable” possibility to continue the rally. SAND The price also managed to regain a minor horizontal resistance at $2.77 and the price could pull back to retest this level.
MACD Indicator, indicating that both lines recently broke above the neutral zone (0.00), indicating a shift towards bullish momentum in this token. SAND price is currently trading at $3.34 with an intraday gain of 25.3%.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.