SAND and MANA Near Key Resistance – Will Breakouts Trigger a Recovery?
Fri, February 14, 2025 | 09:07 AM GMT
The cryptocurrency market has been on a downward trend since its November rally, but there are signs that an altcoins recovery might be on the horizon. Over the past 7 days,has dropped by, now sitting at. This shift suggests that altcoins could be gearing up for a rebound.
Two of the most-watched gaming tokens,and, are showing signs of strength in weekly performance after enduring steep corrections of overin the past two months.
Both tokens are now testing key resistance levels, and a breakout could signal a major recovery.
The Sandbox (SAND)
SAND has been stuck in asince getting rejected aton December 4. After tumbling to, the token found support at the lower trendline of the wedge.
Now, SAND is trading at $0.4050 level and eyeing for a breakout. If it manages toand confirm support on a retest, the next major obstacle is the. A successful breakout could push the price up toward, marking afrom its current levels.
Momentum indicators are also turning bullish. Theis showing early signs of a, hinting that buying pressure is starting to build.
Decentraland (MANA)
MANA’s chart looks strikingly similar to SAND’s. After facing rejection from itshigh in December, the token dropped to, where it found support at the lower wedge trendline.
Now, MANA is bouncing back and currently trades around. Like SAND, itsis beginning to turn bullish, suggesting that momentum could shift in favor of the buyers.
If MANA successfullyand clears the, it could rally toward, delivering afrom current levels.
What’s Next?
With both SAND and MANA nearing, all eyes are on their next moves. The broader market sentiment,, andwill play a key role in determining if these gaming tokens can sustain a recovery.
For now, traders should keep a close watch—if breakouts happen, we could see afor both tokens.
This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing in cryptocurrencies.