Metaverse Token Price Analysis: SAND, MANA, AXS

The Metaverse token has obtained a special place in crypto inventors’ hearts since the major rebranding of Facebook to ‘Meta.’ Reacting to this massive news, the majority of Meta tokens experience a flood of investors who wanted to be a part of this promising technology. Check out the price analysis of SAND, MANA, and AXS tokens.

SAND/USD Chart In The 4-hour Time Frame

Source- SAND/USD chart by Tradingview

On November 3rd, the SAND token rally made a New All-Time High of $3.45 before initiating a minor retracement phase. Trying to recover from this pullback, the token price rechallenged the overhead resistance only to face another strong rejection.

However, the SAND token has again gained the interest of the crypto investors due to its recent announcement of Sandbox Alpha to be launched on November 29th. The technical chart showed the impact of this news with a 17% gain in the November 16th intraday session.

The token price managed to break out from the previous ATH of the $3.3 mark, indicating an excellent long opportunity for crypto traders. The token is currently in a retest phase which should validate if this breakout was genuine or not.

Furthermore, the Relative Strength Index(74) shows a strong bullish sentiment regarding the token price.

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Source: #Coingapecom
Source: thecryptocoinreport.com

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