February 5, 2023

Will Apple's Metaverse News Raise Decentraland (MANA) and Sandbox (SAND) Prices?

Price Sandbox (SAND) and Decentraland (MANA) price broke out of diagonal resistance levels, but have not yet overcome important horizontal levels.On January 24, interesting news for the metaverse appeared. Apple's mixed reality headset is likely to release later this year. While the headset is unlikely to be a fully open virtual world like Decentraland or The Sandbox, it will include video conferencing and meeting rooms for Apple users.

On the one hand, Apple is unlikely to allow objectsoutside of the Apple ecosystem to interact with any of its devices. This makes it unlikely that the release will have a positive impact on the tokens associated with the metaverse. However, the fact that Apple is the latest giant to move into metaverse tech innovation after Meta, Microsoft, and Sony could bolster the assets of the digital worlds.

Price Decentraland bounced off the 250-day C1 resistance lineJanuary, the price of Decentraland is moving up at an accelerated pace. At the moment it has increased by 150%. On January 21, the price of the MANA token reached a maximum of $0.78. In addition to being a new yearly high, it also resulted in a break of the descending resistance line, which held in place for 250 days. However, the price of Decentraland failed to start a significant upward movement after the breakout and is still hovering around the line. If the price confirms the line as support, it may begin an upward movement towards the next resistance at $1.15. If this does not happen, the price may decline to the support levels of 0.382-0.618 on the Fib reverse correction between $0.59 and $0.48. A bearish divergence in the six-hour RSI indicates that the latter is slightly more likely.

Price Sandbox (SAND) up 110% since Jan 1 and bounced offdescending resistance line on January 15th. Seven days later, it hit a high of $0.85. If the price of the SAND token manages to overcome the 0.382 Fib resistance level, it could rise to the next Fib level at $0.93. If it is rejected, then we can expect a fall to the $0.62 support area and a descending resistance line. In conclusion, it should be noted that SAND and MANA prices have rebounded from diagonal levels, but have not yet begun a significant upward movement. Whether they give up on the nearest horizontal resistance levels or get rejected can determine the direction of the future trend.