The native cryptocurrencies of prominent Metaverse projects The Sandbox and Decentraland have approached significant support levels with the continued depreciation of Bitcoin.

Bitcoin traded below critical support levels as it started to record losses from the price levels of $51,800 on December 27. Ethereum, on the other hand, started trading at the price levels of $ 3,700 after the bearish movement it recorded. Despite their high price performances recently, SAND and MANA also gained a downward momentum with the sudden loss of value in the cryptocurrency market.

The Sandbox (SAND)

SAND, which created a falling trend structure with the depreciation of the $ 8.40 ATH levels it recorded, remained below the important support levels in the short term and found support in the price band of $ 4.45, which is the bottom price level of the last months. However, SAND made a breakout in its downtrend by making an upward attack on December 23. In this short period of time, when the market partially recovered, it rose from the price levels of $ 5 to $ 6.83. With the continued depreciation in Bitcoin, SAND was rejected from the $6.85 resistance and started to record downward price movements. After the latest price movements, SAND declined to the price levels of $ 5.80 and started to trade between the $ 5 support level and the 6.85 resistance.

the sandbox usd chart

Decentraland (MANA)

Metaverse projects started to show high price performances after Facebook changed its name to Meta and announced that it would carry out intensive studies in the Metaverse field. Decentraland's native cryptocurrency, MANA, was also one of the prominent crypto assets in this process. Although MANA has gained an upward momentum by recording high value increases in recent months, it entered a short-term downtrend on its monthly chart after the bearish movements in Bitcoin. MANA, which has pulled back significantly with the bearish trend in the market, found strong support in the cat at the price level of $ 3 in this process. MANA gained an upward momentum again by breaking the falling trend in the time period when the leading cryptocurrency rose to the price levels of $ 51,000. However, with the re-selling pressure in the market, MANA regressed from the $4 price levels to $3.27 price levels and significantly approached the strong support level at the $3 price band.

decentraland usd chart