Chief () and Decentraland () are all trading inside short-term bullish patterns and showing signs of an impending breakout.

is the original token of The , a virtual world based on allows users to create, buy and sell digital assets in the form of games.

Sandbox has the goal of building a metaverse based on major cities around the world.

It will launch “Dubaiverse”, a game center and will be built through partnerships with businesses in the entertainment, gaming and real estate sectors.

This is an extremely positive development and is likely to help the SAND price skyrocket, which is very close to its yearly low.

SAND

The SAND has been falling inside a descending wedge since hitting the $ 1.42 high on Aug. 14. The descending wedge is considered a bullish pattern, meaning a breakout above the pattern is in progress. are expected.

Currently, SAND is very close to the convergence point between resistance and support. Therefore, a decisive movement will soon occur.

Signals from technical indicators and price action suggest a breakout above the wedge is expected.

Firstly, the price is trading inside the $ 0.80 horizontal support area, which marked the bottom in June. Second, the daily RSI has produced a bullish divergence over the past month (green line).

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As a result of these readings, a breakout above the wedge is expected. If this happens, the first resistance will be $ 1.23. This is the 0.618 Fib retracement resistance and also the horizontal resistance area.

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SAND chart/ Daily | Source: TradingView

MANA

Price movements and figures of Similar to SAND. The price has been falling inside a descending wedge since August 12 and is close to reaching the end of the pattern.

Furthermore, MANA bounced off the $ 0.70 support area, marking the May low. Additionally, the daily RSI has produced a bullish divergence, supporting a breakout.

If a breakdown occurs, the nearest resistance will be $ 0.85, created by the 0.382 Fib retracement resistance and the horizontal resistance area.

MANA chart/ Daily | Source: TradingView

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