Market Update
Can the Metaverse Rally Continue? Gold Bottom.
SAND: Daily
Evidence suggests that $0.71 was a significant bottom in Sandbox (SAND). A rally could take SAND to the 200-day moving average near $1.20.
RMRK: Daily
RMRK may have bottomed out at $2.20. As a reminder, the coin was nearly $4.00 back in September.
Decentraland: Daily
The Williams Oscillator is hinting that MANA is poised from a move to $1.11.
Arweave: Daily
Arweave (AR) has support between $13.22 and $14.11. That area needs to act as support. If AR holds up, the metaverse rally could continue.
Gold: Daily
The monthly chart of Gold hints at a big rally. Gold has been down for seven months, and it may be time for a significant bounce.
Bottom Line
The metaverse rally could continue. Gold could rally dramatically if the DXY slows down.