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<p>The price of Sandbox (SAND) is up more than 25% in the past 24 hours, following a strongly bullish week.</p>
<p>The bullish move was steady but accompanied by low volume when it started on November 5. However, the price was able to break above a 30-month-old descending trendline that has been acting as resistance since May 2022.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-1024x483.png" alt="" class="wp-image-587411" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-861.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>As the price approached the top of the <a href="https://www.babypips.com/forexpedia/descending-trend-line#:~:text=A%20descending%20trend%20line%20is,lower%20than%20the%20previous%20low." target="_blank" rel="noopener noreferrer nofollow">descending trendline</a> again, bulls saw it as an opportunity to break above it. This successful break ushered in more buying pressure, which helped sustain a strong bullish close yesterday.</p>
<p>Although the price has reached a level higher than Sunday’s closing price, it is currently retracing as it looks for support and liquidity before the upward move continues.</p>
<p>A closer look at the chart shows that the <a href="https://coinmarketcap.com/currencies/the-sandbox/" target="_blank" rel="noopener noreferrer nofollow">SAND price</a> also closed below a resistance level on the weekly chart; this resistance has previously triggered double-digit declines.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/expert-describes-worse-case-scenario-for-bitcoin-btc-as-price-struggles-to-break-past-100k/" target="_blank" rel="noopener noreferrer nofollow">Expert Describes “Worse-Case Scenario” for Bitcoin (BTC) as Price Struggles to Break Past $100k</a></strong></em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-1024x483.png" alt="" class="wp-image-587421" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-862.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>If many traders take profits at this point, we might see another decline. Breaking this resistance is crucial for the price of SAND to continue its upward trajectory.</p>
<h2 class="wp-block-heading" id="decentraland-s-mana-following-the-same-trajectory">Decentraland’s MANA Following the Same Trajectory</h2>
<p><a href="https://www.coingecko.com/en/coins/decentraland" target="_blank" rel="noopener noreferrer nofollow">Decentraland (MANA)</a> is exhibiting a similar price pattern as SAND. The price has been bullish and it had a strong bullish close after breaking above the descending trendline. It currently testing that trendline.</p>
<p>If it holds, we expect the MANA price to continue rising. However, like SAND, there is one barrier—a strong resistance level that has also caused a double-digit dip.</p>
<p><em><strong>Read Also: <a href="https://captainaltcoin.com/market-capitalization-doesnt-matter-for-ripple-heres-why-xrp-price-could-rise-to-100/" target="_blank" rel="noopener noreferrer nofollow">Market Capitalization Doesn’t Matter for Ripple: Here’s Why XRP Price Could Rise to $100</a></strong></em></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="483" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-1024x483.png" alt="" class="wp-image-587429" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-1024x483.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-300x142.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-767x362.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-1536x725.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-2048x967.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-318x150.png 318w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-100x47.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-742x350.png 742w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863-788x371.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-863.png 1835w" sizes="(max-width: 1024px) 100vw, 1024px">
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<p>The first time the price reached this level was in January, resulting in a dip of more than 60%. The same level triggered an over 70% dip again in March. This resistance must be overcome before the MANA price can increase further. If this happens, a major rally could begin.</p>
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<p>The post <a href="https://captainaltcoin.com/why-are-decentraland-mana-and-sandbox-sand-prices-pumping-tokens-could-dip-over-60-again/" rel="noopener noreferrer nofollow">Why Are Decentraland (MANA) and Sandbox (SAND) Prices Pumping? Tokens Could Dip Over 60% Again</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Are Decentraland (MANA) and Sandbox (SAND) Prices Pumping? Tokens Could Dip Over 60% Again

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