Decentraland, SAND, Axie Infinity price Analysis: 16 January - Aliens: AI Crypto News & Markets Updates
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Decentraland, SAND, Axie Infinity price Analysis: 16 January

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AMB Crypto

Sun, Jan 16, 2022

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Aliens TLDR

Decentraland (MANA) On its 4-hour chart, the alt saw a breakdown from the down-channel (yellow) after testing the Point of Control (red).

Thus, it steeply plunged until the $2.7-mark two-month support in a down-channel (white).

Then, after poking its five-week low on 10 January, the alt marked higher troughs while maintaining the $3.02-mark peak.

The Sandbox (SAND) SAND bulls could not defend the $6.03-mark as support after the alt saw an expected rising wedge (green) breakout on its 4-hour chart.

During the recovery phase, the 22.8% jump (from 10 January) halted at the $5.17-mark.

Any further pullout would find support near the $4.44-mark.

At press time, the alt traded at $4.7935.

The RSI was at the 46-mark and stood weak near the equilibrium for the past three days.

While the DMI hinted at a bearish preference, the ADX displayed a weak directional trend for SAND.

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