Connect with us

Bitcoin

MANA, SAND and ENJ Price Levels on a Decline

Published

on

MANA, SAND and ENJ Price Levels on a Decline
  • Top-tier digital assets see double-digit declines.
  • Metaverse’s market value is now $51,324,502,982.

On Tuesday, a block of virtual property in Decentraland sold for a record $2.43 million in crypto, more than doubling the previous high of over $913,000. Some metaverses already accept cryptocurrency payments. Due to the usage of crypto, all virtual transactions are both spontaneous and safe.

The market is increasingly slipping towards metaverse-related initiatives. In contrast, top-tier digital assets see double-digit declines. Geeks from the metaverse community consistently buy dips for larger up-cycle returns.

Despite the lacklustre crypto market, the burgeoning business has recently accelerated. The burgeoning sector has spurred NFTs and industry-related initiatives. However, the market charts currently show red signs. Metaverse’s market value is now $51,324,502,982, up 0.81 percent. 30.49 percent reduced trade volume at $21,476,163,938.

Decentraland (MANA)

MANA is now trading at $4.38, an 11.6 percent drop, according to CoinMarketCap. The digital asset’s market cap is $7,994,309,751. Last 24 hours trading volumes are $3,795,643,318. Over the last 24 hours, the coin has traded between $4.39 and $4.96. MANA had reached an ATH of $5.90 two days before.

MANA/USDT: Source: TradingView

The Sandbox (SAND)

SAND is now trading at $6.24, a 13.2 percent drop, according to CoinMarketCap. The digital coin’s market cap is about $5,555,287,680. Rather, the 24-hour transaction volume is $5,002,280,565. Since the previous day, SAND has moved between $6.32 and $7.45 The ATH was registered for $8.51 two days prior.

1638019596 574 MANA SAND and ENJ Price Levels on a Decline
SAND/USDT: Source: TradingView

Enjin Coin (ENJ)

ENJ is now trading at $3.67, down 10.2%, according to CoinMarketCap. ENJ’s market cap is at $3,078,676,361. Moreover, the trading volume is $873,890,075. Similar to its competitors, it reached its ATH of $4.85 the two days before. Since the last day, it has been trading in the $3.60 to $4.08 zone.

1638019597 70 MANA SAND and ENJ Price Levels on a Decline
ENJ/USDT: Source: TradingView
google news
Advertisement

Bitcoin

TA: Bitcoin Turns Bearish, Bears In Control Below $40K

Published

on

Bitcoin

Bitcoin started a strong decline below the $40,000 support against the US Dollar. BTC might recover, but upsides might be limited above $38,000.

  • Bitcoin started a major decline below the $40,000 and $38,000 support levels.
  • The price is now trading below $38,000 and the 100 hourly simple moving average.
  • There is a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move down if there is a break below the $34,000 support.

Bitcoin Price Extends Losses

Bitcoin price started a major decline below the $42,000 and $40,000 support levels. BTC gained pace below the $38,000 level to move further into a bearish zone.

It traded as low as $34,007 and is currently consolidating losses. It is now trading below $38,000 and the 100 hourly simple moving average.

On the upside, an initial resistance is near the $36,200 level. There is also a key bearish trend line with resistance near $36,500 on the hourly chart of the BTC/USD pair. The trend line is near the 23.6% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low.

The first major resistance is near the $36,800 level. An upside break above the $36,800 resistance could start a steady recovery wave towards $38,000. The next key resistance is near the $40,000 level, above which the bulls might aim a test of $41,200.

Source: BTCUSD on TradingView.com

An intermediate resistance is near the 50% Fib retracement level of the recent decline from the $43,500 swing high to $34,007 low. Any more gains may perhaps call for a move towards the $42,500 resistance zone.

More Losses in BTC?

If bitcoin fails to start a fresh increase above $36,500, it could start another decline. An immediate support on the downside is near the $34,500 zone.

The first major support is seen near the $34,000 zone. A downside break below the $34,000 support zone may perhaps spark another major decline. The next major support is near $32,500, below which the price could even decline below the $32,000 zone.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is well below the 50 level.

Major Support Levels – $34,500, followed by $34,000.

Major Resistance Levels – $36,250, $36,500 and $38,000.

google news
Continue Reading

Bitcoin

Top 3 Coins By LunarCRUSH Galaxy Score: USDT, BUSD and MKR

Published

on

Top 3 Play to Earn Coins in the Past 30 days as per CryptoDiffer