Technical Analysis: MANA, SAND, RACA, STX and GALA (March. W1)
Trading Analysis

Technical Analysis: MANA, SAND, RACA, STX and GALA (March. W1)

Created 1yr ago, last updated 1yr ago

With the market showing low volatility at the moment, let's check the price performance of metaverse and NFT tokens!

Technical Analysis: MANA, SAND, RACA, STX and GALA (March. W1)

Table of Contents

Metaverse and NFT coins are still consolidating as the market is showing low volatility. Let’s look at how they are performing in the 4-hour chart!


The $0.617 support continues to hold for MANA as buyers are preventing the price from falling below the level. If the bulls fail to hold it, MANA will likely move to $0.528, making a fall of over 10%.
There are also equal lows present near $0.62, which will be targeted by the price as there is a lot of stop-loss liquidity there. Therefore, maintain caution while trading near these lows.


SAND has been consolidating on top of its previous range. The RSI is currently attempting to reach 50. If it succeeds, the chances for the price to start moving up into the November range lows will be higher.

However, if there is no bullish momentum, and the price moves into its previous range, it will likely travel to the midrange at $0.62, or the range lows.


RACA has moved back into its range between $0.00024 and $0.0002. The price is currently consolidating around midrange.
However, as pointed out on the chart, there are lots of stop losses below the local lows at $0.000217. If the price sweeps these lows, there could be a large move down as the sell orders will be triggered (DYOR).
On the other hand, there is a double bullish RSI divergence present in the chart, which could allow the price to move to $0.00023.


STX has continued its ascent this week. Apart from the retest of the support at $0.8445, there has been no clear buying opportunity (read: major dips) visible on the chart. The volume gap has not been tested yet.

The chart shows multiple bearish RSI divergences, which could force a dip to happen (not financial advice).


GALA failed to hold the support level at $0.0434 and broke below the trendline.

This fall may continue unless the bulls manage to reclaim the original support. If they fail in doing so, a move towards $0.033 is probable. If that happens, this level will offer good support, as it is a breakout level that has hardly been tested.


A quick recap of all the coins:

  • MANA has equal lows present near $0.62.
  • SAND is consolidating on its range highs.
  • RACA is consolidating above lots of stop losses.
  • STX continues to move up with very few dips.
  • GALA has broken below a trendline.
Writer’s Disclaimer: This article is based on my limited knowledge and experience. It has been written for educational purposes. It should not be construed as advice in any shape or form. As always do your own research.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap. CoinMarketCap is not responsible for the success or authenticity of any project, we aim to act as a neutral informational resource for end-users.
2 people liked this article