- The SAND token weakens 40% in value after facing rejection near the $0.42 level.
- The coin price is trading under 50 EMA and struggles just below the 200 EMA as the trend halts for now.
- The pair of SAND/BTC is trading at 0.000007658 BTC, with a short intraday down move of -130%.
SAND token price fell more than 40% in value on the bearish daily technical chart. The coin price continues to form bearish patterns in smaller time frames as well. The price is struggling near the 200 EMA as the $0.22 level tries to halt the bears. The crypto asset may find the breach at a $0.22 level as technical indicators side with bears. As per the price action, the SAND token price may face resistance near $0.42 and $0.53. The support level of $0.22 and $0.11. Today’s live SAND token price is $0.3003, with a gain of 11.45% in the last 24 hours. 24-hour trading volume of $122,938,927. The current ranking is #156, with a live market cap of $212,487,903.
The Downtrend Continues For SAND Token Giving No Chance For Bulls To Overtake
Sandbox brings the power of blockchain to the gaming world. The gaming world is a substantial untouched market left to adopt blockchain technology, and Pixowl started the journey to capture it in 2011. Gamers can collect and create their Blockchain-based Digital assets in this universe of Sandbox. The niche for Sandbox is the Global Market of gaming. By focusing on user-generated content, Sandbox creates a metaverse of involved players contributing to the further upgrades.
Furthermore, the introduction of the SAND token by Sandbox encourages decentralized governance and enables users to share their beliefs and opinions about the project’s progress. Thanks to the evolving technology, decentralized authority is becoming a must-have in blockchain-based schemes. The company started with a boom and dragged support and investments from various influential names in the gaming industry. These cover brands like Atari, Helix, and CryptoKitties.
The SAND token listed on Probit exchange today with a 50% discount rate and 25,000 USDT of SAND are applicable for this discount, and the price will be the CMP of SAND token on 25-05-2021 11:00 KST. Also, traders will receive 20 PROB tokens by simply upgrading their membership to at least VIP 2 till May 31, 2021.
Conclusion- The discount rate offered by the Probit exchange is very engaging and might drag many traders into it. Also, Sandbox is revolutionizing the Global Gaming Market with Blockchain making huge noise for SAND token. However, the bearish technicals do say otherwise and buzz the warning alarm for traders and investors.
Support – $0.22 and $0.11
Resistance- $0.42 and $0.53