SAND / TetherUSUpdated SANDBOX | Good Time to Buy?
Entering the year 2022, the market sellers took an upper hand over the SAND price. The pair was rejected from the $7 mark and lost 34% of its value by dropping to the $4.48 mark. The price has recently plunged below the 0.5 FIB level, indicating the token could extend the correction phase.
Previously when we covered an article on Sandbox token, this pair was riding its 2021 Christmas rally. However, the price couldnโt pass the $7 mark, and by experiencing a strong supply, the token was immediately rejected with an evening star pattern.
The recent bloodbath in the crypto market added to the ongoing selling and dropped the price even below the 0.5 Fibonacci retracement level.
๐๐ก๐ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐ฉ๐ก๐๐ฌ๐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐๐ ๐ฉ๐ซ๐ข๐๐ ๐ก๐๐ฌ ๐๐ง๐ ๐ฎ๐ฅ๐๐๐ ๐ญ๐ก๐ ๐๐ ๐๐ง๐ ๐๐ ๐๐๐ ๐ฅ๐ข๐ง๐๐ฌ. ๐๐จ๐ฐ๐๐ฏ๐๐ซ, ๐ญ๐ก๐ ๐จ๐ฏ๐๐ซ๐๐ฅ๐ฅ ๐ญ๐ซ๐๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ข๐ฌ ๐ญ๐จ๐ค๐๐ง ๐ข๐ฌ ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐ฌ ๐ข๐ญ ๐ข๐ฌ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐๐๐จ๐ฏ๐ ๐ญ๐ก๐ ๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐๐.
The Moving average convergence divergence indicator projects the MACD and signal lines have just dropped below the neutral zone(0.00), indicating the increasing bearish momentum.
The Sandbox token is currently in a retest phase. If the price manages to sustain below this level, the coin could drop to its lower support level of $3.7. Moreover, the chart also shows a falling parallel channel pattern, leading this downfall.
he Relative Strength Index ( 40 ) in the 4-hour time frame chart is steadily recovering from the oversold region. Moreover, a bullish divergence in RSI supports a bullish breakout from the falling channel .
- ๐๐ก๐ ๐๐๐๐ ๐ฉ๐ซ๐ข๐๐ ๐๐๐ ๐๐ก๐๐ซ๐ญ ๐ฌ๐ก๐จ๐ฐ๐ฌ ๐ ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐ข๐ฏ๐๐ซ๐ ๐๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐-๐ก๐จ๐ฎ๐ซ ๐ญ๐ข๐ฆ๐ ๐๐ซ๐๐ฆ๐ ๐๐ก๐๐ซ๐ญ
- ๐๐ก๐ ๐๐๐ข๐ฅ๐ฒ-๐๐๐๐ ๐ข๐ง๐๐ข๐๐๐ญ๐จ๐ซโ๐ฌ ๐ฅ๐ข๐ง๐๐ฌ ๐ฌ๐ฅ๐ข๐ฉ ๐๐๐ฅ๐จ๐ฐ ๐ญ๐ก๐ ๐ง๐๐ฎ๐ญ๐ซ๐๐ฅ ๐ณ๐จ๐ง๐
- ๐๐ก๐ ๐๐-๐ก๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ง๐๐๐จ๐ฑ ๐ญ๐จ๐ค๐๐ง ๐ข๐ฌ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐ข๐ง๐๐ข๐๐๐ญ๐ข๐ง๐ ๐ ๐.๐๐% ๐ฅ๐จ๐ฌ๐ฌ.
- ๐๐โ๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coinโs price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
Please comment, like and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
Previously when we covered an article on Sandbox token, this pair was riding its 2021 Christmas rally. However, the price couldnโt pass the $7 mark, and by experiencing a strong supply, the token was immediately rejected with an evening star pattern.
The recent bloodbath in the crypto market added to the ongoing selling and dropped the price even below the 0.5 Fibonacci retracement level.
๐๐ก๐ ๐๐จ๐ซ๐ซ๐๐๐ญ๐ข๐จ๐ง ๐ฉ๐ก๐๐ฌ๐ ๐ข๐ฌ ๐ญ๐ก๐ ๐๐๐๐ ๐ฉ๐ซ๐ข๐๐ ๐ก๐๐ฌ ๐๐ง๐ ๐ฎ๐ฅ๐๐๐ ๐ญ๐ก๐ ๐๐ ๐๐ง๐ ๐๐ ๐๐๐ ๐ฅ๐ข๐ง๐๐ฌ. ๐๐จ๐ฐ๐๐ฏ๐๐ซ, ๐ญ๐ก๐ ๐จ๐ฏ๐๐ซ๐๐ฅ๐ฅ ๐ญ๐ซ๐๐ง๐ ๐๐จ๐ซ ๐ญ๐ก๐ข๐ฌ ๐ญ๐จ๐ค๐๐ง ๐ข๐ฌ ๐ฌ๐ญ๐ข๐ฅ๐ฅ ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐ฌ ๐ข๐ญ ๐ข๐ฌ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐๐๐จ๐ฏ๐ ๐ญ๐ก๐ ๐๐๐ ๐๐ง๐ ๐๐๐ ๐๐๐.
The Moving average convergence divergence indicator projects the MACD and signal lines have just dropped below the neutral zone(0.00), indicating the increasing bearish momentum.
The Sandbox token is currently in a retest phase. If the price manages to sustain below this level, the coin could drop to its lower support level of $3.7. Moreover, the chart also shows a falling parallel channel pattern, leading this downfall.
he Relative Strength Index ( 40 ) in the 4-hour time frame chart is steadily recovering from the oversold region. Moreover, a bullish divergence in RSI supports a bullish breakout from the falling channel .
- ๐๐ก๐ ๐๐๐๐ ๐ฉ๐ซ๐ข๐๐ ๐๐๐ ๐๐ก๐๐ซ๐ญ ๐ฌ๐ก๐จ๐ฐ๐ฌ ๐ ๐๐ฎ๐ฅ๐ฅ๐ข๐ฌ๐ก ๐๐ข๐ฏ๐๐ซ๐ ๐๐ง๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐-๐ก๐จ๐ฎ๐ซ ๐ญ๐ข๐ฆ๐ ๐๐ซ๐๐ฆ๐ ๐๐ก๐๐ซ๐ญ
- ๐๐ก๐ ๐๐๐ข๐ฅ๐ฒ-๐๐๐๐ ๐ข๐ง๐๐ข๐๐๐ญ๐จ๐ซโ๐ฌ ๐ฅ๐ข๐ง๐๐ฌ ๐ฌ๐ฅ๐ข๐ฉ ๐๐๐ฅ๐จ๐ฐ ๐ญ๐ก๐ ๐ง๐๐ฎ๐ญ๐ซ๐๐ฅ ๐ณ๐จ๐ง๐
- ๐๐ก๐ ๐๐-๐ก๐จ๐ฎ๐ซ ๐ญ๐ซ๐๐๐ข๐ง๐ ๐ฏ๐จ๐ฅ๐ฎ๐ฆ๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐๐ง๐๐๐จ๐ฑ ๐ญ๐จ๐ค๐๐ง ๐ข๐ฌ $๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง, ๐ข๐ง๐๐ข๐๐๐ญ๐ข๐ง๐ ๐ ๐.๐๐% ๐ฅ๐จ๐ฌ๐ฌ.
- ๐๐โ๐ ๐ถ๐บ๐ฝ๐ผ๐ฟ๐๐ฎ๐ป๐ to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coinโs price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
Trading & Investing both are the master of RISK.
Please comment, like and follow if it was helpful for you.
Thank you for your time.
Have a profitable day.
| Review and analysis by Samadi.Finance |
Note
SAND Price Statistics | 12/JAN/2022 Market Rank: 37
SAND Price: $4.81
Price Change 24h: $0.3959/+8.98%
24h Low / 24h High: $4.40/$4.89
90d Low / 90d High: $0.7075/$8.44
Trading Volume 24h: $937,883,030.08/-12.51%
Volume / Market Cap: 0.2116
Market Dominance: 0.22%
Market Cap:$4,432,287,207.21/+9.54%
Fully Diluted Market Cap: $14,438,227,796.36/+9.54%
Yesterday's Change: +6.17%
Yesterday's Volume: $877,910,170.17
Circulating Supply: 920,948,319 SAND
Max Supply: 3,000,000,000 SAND
Trade active
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.