After months of sideways movement and underwhelming performance, two of the most prominent metaverse tokens—Decentraland (MANA) and The Sandbox (SAND)—are now exhibiting strong bullish signals. MANA is up 11.76% in the past 24 hours, now trading at $0.3139, while SAND has gained 7.51% to reach $0.2840.
The spike in volume for both gaming tokens confirms growing investor interest, with MANA reaching a trading volume of over $107 million, which is an increase of 167%, and SAND surpassing $98 million, marking a 102% rise.
This sudden rise has reignited optimism in the long-dormant metaverse narrative. But is this just a short-lived pump, or could it be the start of a larger breakout for metaverse tokens?
Decentraland (MANA) Approaches Key Resistance
MANA’s breakout started as it bounced from the $0.28 level and surged past the Bollinger Band average, now pressing against the upper band. Technical indicators suggest a clean attempt to reclaim the 100-day moving average at $0.323—a level last seen before the token’s recent downtrend.
According to Alpha Crypto Signal, MANA has formed a horizontal channel on the weekly timeframe. With the price rebounding from the lower boundary of this range, the path toward the upper bound, near $0.70 or even higher, could be in play.
Other crypto analysts also noted that the Decentraland price is headed toward $0.40 in the near term, citing strong bullish momentum in the gaming space.
An even more optimistic perspective came from Javon Marks, who predicted a long-term target of $4.888 for the MANA price, suggesting a potential upside of over 1,650%. While that target seems ambitious, the short-term setup supports a run toward $0.35–$0.40 if resistance is broken convincingly.
The Sandbox (SAND) Posts Bullish Divergence
The chart for SAND tells a similar story. After falling below $0.27, the token broke above key trendlines and is now aiming to retest the $0.30 level. On April 15, Coinvo identified a bullish RSI divergence on the 3-day chart, describing it as a “massive buy signal” that could trigger a stronger upside.
On the daily chart, SAND has closed above the 50-day moving average of $0.276 and is eyeing the 100-day mark at $0.365. The trading volume also confirms that accumulation is underway, with 24-hour trading exceeding $98 million, a notable jump compared to recent weeks.
This kind of divergence, combined with higher lows forming on the chart, typically precedes larger breakouts. If the Sandbox price maintains momentum and breaks through the $0.30–$0.32 zone, the next major target could be in the $0.40–$0.45 range.
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