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- 1 The Sandbox price prediction suggests the token produced an interesting declining pattern.
- 2 SAND crypto struggles to move above 20, 50, 100 and 200-days Daily Moving Averages.
- 3 The pair of SAND/BTC was at 0.00001392 BTC with an intraday gain of 1.96%.
The Sandbox price prediction shows that the token is trying to surge from the demand zone over the daily time frame chart. SAND crypto needs to maintain the positive momentum in order to break out from the descending triangle pattern. However, sellers may approach as 20-EMA may act as a resistance for SAND crypto price. Meanwhile, trading volume may increase more than usual which would also signal the continuation in the upward trend of SAND crypto.
The Sandbox price was at $0.42553165 and has gained 1.54% of its market capitalization during the day’s trading session. Trading volume has increased by 83% during the intraday trading session. This demonstrates that buyers are present in the trade to push SAND crypto price toward the upper trendline of the declining triangle pattern. Volume to market cap ratio was at 0.1377.
The Sandbox Price Prediction: SAND Caged in a Descending Triangle
The Sandbox price prediction suggests the token’s upward momentum to surge toward the downward sloping line of the descending triangle pattern over the daily time frame chart. However, trading volume needs to maintain above average for SAND crypto to register its breakout. Meanwhile, SAND crypto struggles to move above 20, 50, 100 and 200-days Daily Moving Averages.
Sandbox price surged by around 9.44% in the last six months and 11.14% year to date; this confirms that SAND crypto will recover fully in 2023.
Technical Indicators Suggests Uptrend for The Sandbox Price
The Sandbox price prediction highlights the upside trend of SAND crypto and its struggle to break out from 20-EMA. Technical indicators suggest the upside trend of The Sandbox price. Relative strength index showcases the upward momentum of SAND cryptocurrency. RSI was at 47 and is about to break out from neutrality.
MACD exhibits the upward velocity of SAND crypto price. The MACD line is above the signal line after a positive crossover. Investors in The Sandbox cryptocurrency need to wait for any directional change over the daily time frame chart.
Summary
The Sandbox price prediction suggests that the token is trying to surge from the demand zone over the daily time frame chart. However, trading volume needs to maintain above average for SAND crypto to register its breakout. The Sandbox price prediction highlights the upside trend of SAND crypto and its struggle to break out from 20-EMA. Technical indicators suggest the upside trend of The Sandbox price. Investors in The Sandbox cryptocurrency need to wait for any directional change over the daily time frame chart.
Technical Levels
Resistance Levels: $0.45 and $0.52
Support Levels: $0.4128 and $0.3837
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.