What to buy in the last week of November? Analysts are most optimistic about 'these 3 types of coin', one of which has soared by 124%.

What to buy in the last week of November?

As BTC (BTC) surged to $99,655, just a step away from breaking the $100,000 mark, while following the market, a forgotten track seems to be quietly rising.

With the continuous fluctuation of BTC, the race that was expected to explode in 2024 - Metaverse and Blockchain games, is showing a gradual warming trend. Analysts specifically mentioned three coins: The Sandbox ($SAND), Decentraland ($MANA), and Axie Infinity ($AXS), all of which have performed very well recently.

The Sandbox（$SAND）: Steady Increase

The Sandbox ($SAND) as one of the pioneers of the metaverse, has recently performed well. Despite experiencing a 17% decline in the market Fluctuation last week, it began to Rebound after stabilizing at the Fibonacci support level of $0.3245.

Image Source: CoinGecko Weekly Price Chart

According to CoinGecko data, as of the time of writing, $SAND has risen for 7 consecutive days, with a surge of up to 124% after breaking through the $0.3871 resistance on November 23, and it has risen by 45% in the past 1 day, with the price temporarily reported as $0.8074.

Analysts believe that if $SAND can break through and stay above the $0.8 resistance level, it is expected to further challenge the Fibonacci 1.618 target price of $0.9178.

Decentraland ($MANA): Challenging 9-Month High

Decentraland ($MANA) is another project that occupies an important position in the Metaverse field. Its native coin $MANA fell 6% from November 17th to 20th, but the subsequent rebound was amazing. In the past 14 days, it has risen 102%, and ended last week with a rise of 51%.

Image Source: CoinGecko Weekly Price Chart

As of the time of writing, the price of $MANA is reported at 0.7303 US dollars, hitting a new high in 9 months, and rising by 16% in the past 24 hours.

However, analysts observed that the price of $MANA is forming a rising wedge, which typically implies a subsequent pullback. At the same time, the relative strength index (RSI) of $MANA has surged to 84.21, entering the Overbought zone. If long positions fail to break through and hold above the key trend line at $0.7280, the price may experience a short-term decline.

Axie Infinity（$AXS）: Target Breaks 9 USD

Finally, the representative work of blockchain games - Axie Infinity ($AXS), $AXS rebounded from a low point of $5.34 to $7.05 last week, a rise of 31%, although it experienced a slight pullback afterwards, it still rose 12% throughout the week. This week, $AXS has once again shown strong upward momentum, rising by 21.78%, with a price of $8.19 at the time of writing.

Image Source: CoinGecko Weekly Price Chart

From a technical perspective, $AXS has successfully broken through the Ichimoku Cloud and has held its support level. The MACD indicator also shows a further upward signal. Analysts believe that if $AXS can effectively break through $9 this week, it will lay the foundation for a higher resistance level.

The recent strong performance of these three Tokens reflects the increasing market interest in the metaverse and blockchain gaming field. However, investors need to be aware that assets with large short-term gains usually come with the risk of pullback, so they should closely monitor market sentiment and technical indicator, and operate cautiously.

[Disclaimer] The market is risky, and investment should be cautious. Analyst opinions are for reference only. Users should refer to more diverse indicators to determine whether to invest and consider whether any opinions, views, or conclusions in this article are appropriate for their specific situation. Investing based on this is at your own risk.

『What to buy in the last week of November?』 Analysts are most bullish on "these 3 coins", one of which has soared 124% This article was first published in "Encryption City"