- SAND coin price is currently in a strong consolidated zone and can soon see a new move. In contrast, The Sandbox is currently down by more than 1.12%.
- Technical indicators of SAND coin suggest a bearish trend in the price for the future. In contrast, SAND/BTC has seen a loss of more than 1.02%.
Why Invest In SAND Crypto?
SAND crypto price is currently in a consolidation move with a bearish trend in the future. The Sandbox is currently hovering around the value of $5.8 and has seen a loss of more than 1.2%.
The Sandbox is a blockchain-based virtual world that gives users power to, build, buy and sell digital assets in the form of a game. With the given powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox forms a decentralized platform for a thriving gaming community. The platform’s main objective is to introduce blockchain technology in the gaming community. Their main mission is to facilitate a creative “play-to-earn” model, that allows users to be both creators and gamers at the same time. One can invest in The Sandbox as per their needs and risk capacity.
The Sandbox is currently placed 35th in the crypto-verse with a dominance of more than 0.35%. The volume of the asset has seen flooding of more than 32% in the intraday session. The volume to market cap ratio of the SAND suggests a bearish move in price for the future.
Technical Indicators Of SAND Crypto Price Suggests A Consolidation
SAND crypto weekly technical chart hints towards a downside trend in the price for the future. On coming to the daily chart, the asset has been hovering in a demand zone. The Sandbox upside trend may see a setback near $8. If the asset price sees a drop then a bounceback near the level of $5 can be observed. If the asset drops 15 to 20% below the current level then a strong downside trend can be observed. SAND/BTC pair can also see similar gains in the future.
Conclusion
The Sandbox is currently in a consolidated zone and can soon see a strong upside trend in the future. SAND/BTC pair can also see a similar upside trend in the future.
Technical Levels
Major Resistance: $6.5
Major Support: $4