Polygon is holding at $0.37, but is it time to worry about SAND and AAVE?

Polygon (POL) is holding at $0.37 despite the recent decline, while The Sandbox (SAND) and Aave (AAVE) are facing bearish pressure. Let’s find out if these altcoins can recover and follow Polygon’s lead.

Polygon (POL) Navigating changing terrain

POL price has faced downward pressure and is currently trading at $0.4537, up 5.50% on the day.

Notably, $0.4400 acts as strong resistance followed by $0.4350, limiting upward momentum during the recovery. On the downside, $0.4250 serves as a key support, while $0.4200 could become a lower boundary if bearish sentiment continues.

Source: CoinMarketCap

Therefore, holding above $0.4250 could support consolidation in the $0.4300-0.4350 range. However, a break above $0.4250 could lead to further declines. A 26.10% drop in volumes and a 2.32% drop in market capitalization indicate a decline in activity.

Sandbox (SAND) struggles with constant downward pressure

SAND is struggling to maintain upward momentum, trading at $0.3402 after falling 1.99%. The price initially tested $0.3477 but faced strong selling pressure, resulting in a sequential decline. Resistance lies at $0.3477 and $0.3450, while $0.3350 provides critical support and $0.3300 acts as a potential fallback if the bearish trend continues.

High intraday volatility underlines active trading, although sustainable momentum remains elusive. A significant drop in trading volume of 34.07% and a drop in market capitalization of 1.90% reflect a cooling in market sentiment.

Holding the price above $0.3350 could stabilize the SAND, allowing for consolidation between $0.3400 and $0.3450. Conversely, a break below $0.3350 could trigger further declines.

Aave (AAVE) Expects Breakout in Tight Range

AAVE is trading at $162.89, reflecting a modest decline of 0.64%. The price reached $163.93 and then pulled back, showing range-bound behavior. Resistance at $163.93 and $165.00 indicates strong selling activity, while support at $161.00 and $159.50 provides support.

A 9.43% drop in trading volume and a slight decline in market capitalization to $2.44 billion indicate limited activity. Holding above $161.00 could allow AAVE to retest $163.93 and potentially break above $165.00. However, failure to hold at $161.00 could trigger a move towards $159.50.