CryptCraze takes a look at the cost changement for seven divergent cryptocurrencys, including the Sandbox (SAND), that has been moving ascendings with strength afterward Jan 22.

Bitcoin (BTC)

Bitcoin (BTC) has been following a weakening resistance line afterward Nov 10, 2021. So far, it has made three breakout attempts (red icons), most recently on Feb 1. 

Since resistances get weaker each time that are touched, the next closest resistance would be at $46,750. This is the 0.382 Fib retracement resistance level.

Bitcoin (BTC) Resistance line
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Ethereum (ETH)

Ethereum (ETH) has been following a very steep ascending support line since Jan 4. Most recently, it reboundped at the line on Jan 31 (green icon) and proceeded to break out from the $2,640 horizontal resistance field. The range is now likely to provide support in evidence a interim drop transpires.

The lengthy-term readings indicate that the skyward progress is inclined to continue.

Ethereum (ETH) Support line

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SXP

SXP has been ascending aprolongedside an growing support line since Jan 25. When united with the $1.35 resistance range, this created an climbing triangle, from that SXP broke out on Feb 2. 

Assuming that the cryptocurrency increases the entire height of the pattern, it would reach a excessive of $1.57, touching the 0.618 Fib retracement resistance level in the process.

SXP Ascending support

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LUNA

LUNA has been falling since touching an all-time strong on Dec 27. The decrease led to a low of $43.44 on Jan 31. So far, it has decreased by 50%.

Nonetheless, the cryptocurrency leap sinces and created a bullish engulfing candlestick (green icon). This likewise served to verify a collapsing analogous channel. The first resistance range is at $55, created by the middle of the channel.

LUNA Channel

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RUNE

RUNE has been weakening aprotractedside a lowering resistance line afterward Nov 2. So far, the descending evolutionment has led to a low of $3.25, which amounted to a decrease of 76%. Similarly to Bitcoin (BTC), RUNE is following a falling resistance line. The trend cannot be studied bullish until it manages to break out from this line. 

The closest resistance range is at $6.50.

RUNE Line

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SAND

Similarly to LUNA, SAND has been falling within a collapsing akin channel afterward touching an all-time excessive cost on Nov 25. The descending developmentment led to a low of $2.55 on Jan 22. SAND has been moving skywards afterward and has accelerated by 55% so far.

The ongoing bounce has back while more served to conclusiveate the $3.20 field as support.

A breakout from this channel would hardlyify which the correction is complete.

SAND Channel
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CRV

CRV has been lowering afterward Jan 4, while it captured a excessive of $6.80.

On Jan 24, it realized a low of $2.36 (green icon) and bouncet. The jump served to verify the $2.50 field as support, that has been at it afterward Oct 2021. 

With the condition that the ascending progressment go ons, the closest resistance range would be at $4.07, created by the 0.382 Fib retracement resistance level and a horizontal resistance field.

CRV Bounce
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For CryptCraze’s latest Bitcoin (Bitcoin (BTC)) analysis, click here

The post The Sandbox (SAND) Increased by 55% After January Lows: Multi Coin Analysis appeared first on CryptCraze.