Technical Analysis: MANA, SAND, RACA, STX and GALA Price Prediction (Sept. – W3)
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Technical Analysis: MANA, SAND, RACA, STX and GALA Price Prediction (Sept. – W3)

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Created 2mo ago, last updated 2mo ago

Last week, BTC fell into its previous range ($18k to $22k). Currently, it is moving close to the range low.

Technical Analysis: MANA, SAND, RACA, STX and GALA Price Prediction (Sept. – W3)

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Bitcoin has gone back into its previous range between $18,000 and $22,000. Although it is not advised to bid on the price when it is in a downtrend, BTC is close to the range low now. Therefore, buyers could look to buy this dip.
Let's have a look at how the NFT and metaverse coins are performing in the 4-hour timeframe.

MANA/USDT

Unfortunately for MANA bulls, the price is in a clear downtrend. It has lost a key demand zone ( $0.79 to $0.76) and is continuing to print lower lows. Unless bulls can break this market structure (a close above $0.73), the price will likely continue its descent to $0.63 wick support. The only bullish scenario will be a 4-hour RSI divergence. For this to play out, there needs to be a candle close below $0.69.

SAND/USDT

The SAND chart is very similar to MANA in structure. The price is still in a downtrend after losing key psychological support at $1. Unfortunately, there is a clear supply there that rejected the price after a retest. Bulls should now look to long the $0.78 support. This could provide a bounce, as not only is it strong support, but it also could put an RSI divergence into play.

RACA/USDT

Unfortunately, RACA couldn’t be held up by the June lows. Sellers are strong, as can be seen with the extension on the move from $0.00037 to $0.00032. If buyers can reclaim $0.00032, the price can move higher. This would be a good trigger to reclaim this level. However, if it cannot close above the lower high at $0.00031, more extension to the downside is probable.

STX/USDT

STX has lost its mini range between $0.37550 and $0.353. Unless buyers reclaim this area, the price is likely to test around $0.30. This is more than a 10% move to the bottom, so caution on longs is advised. However, if the price does reclaim the range, then buyers could look for a move to $0.40, as the lower extreme is currently being tested.

GALA/USDT

GALA has unfortunately broken below the $0.049 demand zone that has been holding up the price for the past month. Although the price is forming a value below this area now, indicating that it will continue its descent below $0.038, there is an RSI divergence that has formed. This could potentially allow a bounce up to this previous support. If this support is reclaimed, $0.06 could even be in play.

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