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SAND

✴️ SAND Will Grow Or More Correction? (200-400% Potential)The bear-market for SANDUSDT is the clear descending channel you can see drawn on the left side of this chart. Late December 2022 a low/bottom is hit and this is marked by the TD Sequential and also the bullish breakout that followed. Notice that in early 2023 we had 3 strong sessions closing green. In the entire bearish wave from November 2021 to December 2022 we never had this happen, maximum 2 sessions closing green and then off to new lows. SANDUSDT produced 3 green weeks in January and the March correction ended in a perfect hammer candlestick pattern right above the 0.786 Fib. retracement level, bullish signals all across. These signals can make a strong case for additional growth. Invalidation only happens on a break and close below the Dec. 2022 low, any trading above this level and we can expect higher highs and higher lows. Namaste.
Long
by AlanSantana
2
SAND and MetaverseThe Sandbox (SAND) has been gaining significant attention lately, with its current price at $0.6260 and an RSI of 58, indicating that the asset is neither overbought nor oversold. Looking at the 4-hour timeframe, we can see that the price is currently trading below the 0 Fibonacci level of 0.6676 and above the 0.5 Fibonacci level of 0.5861, suggesting that the asset is currently in a consolidation phase. The upper Bollinger band for the 4-hour timeframe is at 0.6850, while the lower Bollinger band is at 0.5122, and the middle Bollinger band is at 0.5986. This indicates that there is a moderate level of volatility in the price of SAND, but it is still within a relatively tight range. The volume oscillator for SAND is at -16.65%, suggesting a lack of interest from traders and investors. However, the MACD is at 0.0224, indicating a bullish trend, and the stochastic oscillators are at 58, which is also a positive sign. Looking at the news surrounding The Sandbox, it appears that the asset is gaining attention due to its role in the growing metaverse space. The metaverse is a virtual world where people can interact with each other in a digital environment. The Sandbox is one of the leading platforms in this space, along with Decentraland (MANA). Recently, both SAND and MANA have been surging in price due to increased interest in the metaverse. Additionally, HedgeUp (HDUP), a company that specializes in providing blockchain-based solutions for the real estate industry, has also been surging in price. This is likely due to the growing interest in virtual real estate within the metaverse, where companies like HedgeUp can provide value. In conclusion, The Sandbox (SAND) is currently trading in a consolidation phase, but the bullish indicators suggest that the asset may see a price increase in the near future. The growing interest in the metaverse space, as evidenced by the surging prices of SAND and MANA, suggests that there may be significant potential for growth in this area. Additionally, companies like HedgeUp that specialize in providing blockchain-based solutions for the real estate industry may also see significant growth as virtual real estate becomes more valuable within the metaverse.
by MonoCoinSignal
3
Sandbox ($SAND) - must reclaim Feb openFebruary open (red line) is a must reclaim for me at this point to push any higher. It was also a significant s/r price point back from June '22 - reclaim it and targets above (T's) I am personally leaning towards trading at the DCP level around .57 cents again in the short-term - it's a breakout origin and also in line the the 618 fib of this overall rally since yearly open. 57 cents for me is a macro must hold, below it and we just continue the accumulation phase down to the lows imo. Would provide a great opportunity though if another leg comes thereafter - I doubt it would trade there long if this is still macro bullish. Trade safe!
by cryptovatsik
3
SandBox ($SAND) : Bullish Pattern development in long term?Hello everyone! If we look at $SAND in a medium-long term, we cannot rule out a big picture as shown on weekly chart. The big signal of Price Action will be the Neckline achievement (shown on chart as wave IV retest) of a large "Head & Shoulders". Working on daily time frame, I found some interesting resistance levels, useful for evaluating the strength of the trend, step by step. I came up with this idea thanks to our last trade on Sandbox, which developed a potential bullish impulse structure. (Click and Play on Chart below) If there are conditions, I will update this idea below. ...trade with care! 👍 Cheers! If you think that my analysis is useful, please... "Like, Share and Comment" ...thank you! 💖
Long
by TheAnonymousBanker
6
SAND had a strong bullish trend over the past weekSAND had a strong bullish trend over the past week, holding the support of the $0.70 range, creating a strong bullish wave on the daily timeframe. The break of the previous ceiling has been confirmed, but there has been a strong reaction as the price has hit the resistance identified in the $0.90 range. One of the important resistance levels of the sandbox is in the range of $1 rand, which is the target of buyers. Sandbox has had a range trend over the past week. The price fluctuates between the considered resistance support levels. The support range of this currency is at the price of 0.610 to 0.670 dollars and its resistance is at the level of 0.880 to 0.900 dollars. Above this resistance, there is a very strong level in the $1 range, breaking these levels requires special support from buyers. Given the selling pressure created in the market yesterday, we expect the Sandbox corrective trend to deepen more likely, and by breaking the current support, the decline could continue to the $0.550 range. But in the bullish scenario, if minor support is maintained in the range of $0.700 to $0.685, and in the 4-hour timeframe, we can expect another positive swing. The important point for the medium and long term is the strong bullish wave started at the $0.40 range, if the supports hold, there is the potential for the sandbox to break the $1 resistance, to the $1.25 level. to continue
by MonoCoinSignal
3