With the market finding a little bit of stability, let's check out our metaverse and NFT category! Let's check which coin will outperform? 👇 By CMCAlexandria Author: TraderScarpa Editor: YousraAASheikh MANA APE SAND RACA VRA AXS GALA
could be a play, targeting the highs as there is clear invalidation. However, holding below $7.8 is not a good play. If value goes below $7.8, all-time lows will be on the table. However, if the price bounces and the value starts to form above $9.7, then the price could move up to $13.8. This is more than a 40% move.SAND's momentum to the downside looks incredibly strong.
It can be seen by the clear excess of the wick that it is going to be hard to flip this level. If the price cannot flip this level, it will likely form new lows, but, if the price flips it, it will aim for $0.16.With the entire market nuking more than 20% in the past few weeks, caution is advised. However, Bitcoin is at range lows, therefore, looking for some higher beta plays for the future makes sense.
VRA is in no man's land currently. Although it is above key support at $0.0074, there is no reason to buy or sell. More price action needs to happen before taking up a position.
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