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- 1 Sandbox price prediction is bullish and suggests short sellers must remain cautious.
- 2 SAND price consolidated and formed a strong base.
- 3 Sandbox crypto price looks undervalued and cheap at current levels.
Sandbox price prediction suggests bulls are active and a short-term pullback rally is possible.
SAND price had consolidated for quite a long time in a narrow range and formed a strong base. The downfall in the crypto has taken a halt and buyers are trying their best to rebound. Sandbox price is approaching the 50-day EMA. If buyers succeed in climbing above it then the short-term trend might reverse upward.
A few days ago, buyers of SAND crypto attempted to break out of the 50-day EMA but got rejected. It shows that bears are active and it will be difficult for bulls to push the price higher.
The price behavior of the SAND crypto is quite stable indicating that the speculative active are less. If the overall crypto market recovers then the SAND price might be positively impacted and the possibility of upward range expansion will increase.
Sandbox price is trading at $0.2997 with an intraday rise of 0.23%. The 24-hour volume to market cap is 3.70%. The pair of SAND/BTC is trading at 0.00001073 with an intraday rise of 0.19%.
Will Sandbox Price Attract Fresh Buying At Current Levels?
Sandbox price prediction stays bullish for October 2023 and for the next few months. SAND crypto is near the YTD low and looks undervalued. Many analysts suggest SAND is one of the best picks for investing in the future of Metaverse. At present the prices look cheap so long-term investors may look to accumulate at current levels.
However, the Sandbox price will gain momentum when buyers are able to break the $0.3500 hurdle. Till then prices are expected to continue the consolidation in the existing range.
SAND Price Looks Mildly Bearish on a Weekly Time Frame
SAND price looks mildly bearish on a weekly time frame and no strong signs of upside reversal are visible. However, the consolidation indicates that the correction has halted and fresh buyers might come forward to push the price higher.
The MACD curve is sloping sideways and near to the zero line indicating prices might consolidate for some more time. The RSI at 44 near the neutral zone denotes an equal level of a tug-of-war between buyers and sellers.
Conclusion
Sandbox price prediction is bullish for October and suggests SAND crypto might break the higher range of consolidation.
SAND price had formed a strong base and is near the YTD low so the downside risk is limited. The analysis suggests that Sandbox price looks undervalued at current levels and long-term investors seek to accumulate.
Technical Levels
- Resistance Levels: $0.3508 and $0.4145
- Support Levels: $0.2764 and $0.2500
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.