SAND Jumps 15%, While MANA and AXS Prices Rise 8%admin
Published 21 mins ago
Crypto price today Oct 30th: Since last week, the crypto market has witnessed significant improvement and pushed the major cryptocurrencies to higher ground. Furthermore, the meme coins like DOGE and SHIB were the stars of this rally, and it seems the bullish sentiment has found its way to Metacoins.
The global crypto market cap currently stands at $1.02 Trillion, with an insignificant rise of 0.01% since yesterday. Meanwhile, the crypto market volume over the last 24 hours is $85.38 Billion, with a 3.36% rise.
Bitcoin currently exchanges hands at $20712, with a 0.46% loss, whereas the second largest cryptocurrency Ethereum(ETH), trades at $1595 with a 1.58% fall.
Metacoins On A Bullish Rally
On October 25th, the SAND price gave a bullish breakout from a long-coming falling wedge pattern. This bullish technical set-up aligned with the improvement market scenario led altcoin higher.
The SAND/USDT showcased an 18.8% gain in the last five days and reached a high of $0.974. However, the profit booking from short-term traders caused a higher price rejection at the $0.922 resistance.
As of now, the metacoin trades at $0.90, but it may witness a minor correction to $0.856 before resuming the ongoing recovery.
The MANA/USDT pair showed a similar behavior as SAND and gave a bullish breakout from a downsloping trendline, releasing the accumulated bullish momentum. Thus, the daily chart shows a U-shaped recovery and registered a 17% gain since last week.
Currently, the altcoin trades at $0.7 and has recently breached a local resistance of $0.678. If buyers sustain above this newly obtained support, the MANA price should surpass the $0.75 mark in the near term.
On October 25th, the AXS price rebounded from the $8.3 support and surged 22% higher to hit the downsloping trendline. However, a long-wick rejection candle at the long-coming resistance trendline indicates the high possibility for another bearish reversal. If the selling pressure persists, the price may retest the $8.3 support.
Thus, the AXS price should surpass the resistance trendline to obtain a sustained recovery.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.