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Sandbox

TradeCityPro | SAND: Analyzing the Key Support & Resistances👋 Welcome to TradeCity Pro! In this analysis, I will review the SAND coin. The Sandbox project is one of the largest metaverse projects in crypto, and during the previous bull run, it received significant attention from market participants. Recently, with Bitcoin’s latest upward move, SAND experienced a growth of nearly 300%. 📅 Daily Timeframe: Corrections and Key Supports As mentioned, the daily timeframe shows a strong upward trend, which extended up to $0.9327. After reaching this level with significant volume, the price entered a corrective phase. 🔍 Currently, the price has corrected to the $0.5414 level, a critical support zone overlapping with the 0.5 Fibonacci level. This creates an important support range between the 0.5 and 0.618 Fibonacci levels. It appears the price is forming a base in this area to potentially regain bullish momentum and start the next leg upward. However, the possibility of a trend reversal and further decline also exists. 📊 In recent candles, buying volume in the market increased. However, with the release of yesterday’s news favoring the US dollar, nearly all assets, including US stocks and crypto, experienced declines. SAND also followed this trend with a red daily candle, engulfing the previous bullish candle. 🧩 It’s possible for the market to form a range box between $0.5414 and $0.6983, setting up a new bullish or bearish structure. Given SAND’s recent 300% growth, the likelihood of forming a bullish structure is higher. However, this is only a possibility, and we need to wait for the market to establish a new structure. ✨ The RSI oscillator is also within a box between 41.60 and 61.04. Breaking either of these levels could introduce momentum into the market. Overall, the current market volume still favors buyers. 📈 Long Positions: The first trigger for a long position is $0.6983, which is considered a risky trigger. However, the rejection candle from yesterday adds importance to this level. The main trigger is $0.93277, which is the major price ceiling. If this level is broken, the next resistance will be at $1.4155. 📉 Short Positions: The first support zone is the range between 0.5 and 0.618 Fibonacci levels, as marked. If this zone breaks, the price could see the next corrective leg down to $0.4042. If this level is broken, it would suggest the bullish trend has ended, with subsequent targets at $0.3068 and $0.2342. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
6
The Sandbox (SAND)SAND/USDT Analysis 📊 Recently, SAND has demonstrated significant performance, managing to shift its trajectory from a descending channel and reach the top of an ascending channel. Below is a more detailed analysis of the current situation and potential scenarios: ⚖️ Current Situation: Breakout from the Descending Channel: SAND has exited the descending channel and is currently undergoing a pullback. This move started from the support zone (0.19 – 0.23 USD). Current Correction: The upward wave has corrected to the 0.5 Fibonacci zone (0.45 – 0.49 USD). This level is a key zone for the continuation of the trend. Red Resistance Zone: The price is currently facing significant resistance in the range of (0.8 – 0.99 USD). A successful close above this level is crucial for the continuation of the uptrend. 🔍 Upcoming Scenarios: Bullish Scenario: If the price manages to break and sustain above the red resistance zone (0.8 – 0.99 USD), the following targets become achievable: 1.618 Fibonacci: 1.41 – 1.69 USD 2.272 Fibonacci: 2.42 – 2.9 USD 2.618 Fibonacci: 3.94 – 4.98 USD High volume entry during the breakout of the red resistance zone is essential. Bearish Scenario: If the price fails to break through the red resistance zone, a deeper correction is likely: 0.618 Fibonacci level: 0.4 – 0.43 USD Green PRZ Zone: If the 0.618 Fibonacci level is lost, the price might drop to this zone, which includes daily resistance and the middle line of the channel. ⚙️ RSI Indicator: RSI Support: The trendline connecting the RSI lows can serve as support during a price correction. The range (33.88 – 39.26) is key for RSI support. Entry into Overbought Zone: RSI movement towards the overbought zone can push the price toward higher targets. Overextended zones (86.33 – 92.15) are accessible. RSI Middle Line: This line could act as support and help stabilize the uptrend. ⚡️ Key Points: Red Resistance Zone (0.8 – 0.99 USD): Sustaining above this zone is crucial for the continuation of the uptrend. Formation of Strong Bullish Candles and Significant Volume: Strong bullish candlestick formations and a sharp increase in volume can confirm the breakout of this resistance. Volume Consideration: High volume entry during the breakout of the resistance zone is a positive signal. Price Behavior at the 0.5 Fibonacci Level: This level serves as the primary initial support. PRZ Support Zone: In case of a correction, this zone (overlapping with daily resistance and the middle line of the channel) could prevent further price declines. 🔔 Summary: The technical analysis of SAND indicates that after breaking out of the descending channel, the price is at a critical stage. A breakout above the red resistance zone (0.8 – 0.99 USD) could open the path for higher targets. However, traders should pay close attention to price behavior around key support and resistance zones and should not neglect risk management. 🟠 Practical Suggestions: For Entering a Trade: Wait for a breakout of the red resistance zone along with high volume. Risk Management: Diversify your capital into multiple parts and set stop-loss orders below key support levels. Stay Updated: Given the constantly changing market conditions, staying updated with new analyses is essential. ⏰ Stay tuned for the next updates!
Long
by alizeynali69
The Sandbox ($SAND): Leading the GameFi and Metaverse RevivalThe GameFi and Metaverse sectors are roaring back, with The Sandbox ( NYSE:SAND ) at the forefront of this resurgence. After a prolonged downtrend, NYSE:SAND has staged a remarkable comeback, surging 292% in just over two weeks. Starting from $0.20, it touched nearly $1 before consolidating around $0.75, currently down 3%. This rally has reignited interest in GameFi projects, positioning NYSE:SAND as a key player alongside Decentraland (MANA), Gala (GALA), and Axie Infinity (AXS), which have also seen significant gains. Fundamental Catalysts Several factors underscore NYSE:SAND ’s impressive performance. On-chain data reveals a surge in daily transactions, reaching 11,597—the highest in the past week. This spike indicates growing investor confidence and heightened network activity. Additionally, the rise in exchange withdrawals suggests that long-term holders are moving their tokens off exchanges, signaling a bullish sentiment and reduced sell pressure. The Sandbox ecosystem has also benefited from renewed interest in the Metaverse and GameFi sectors, as projects with tangible utility and strong communities attract capital during this market phase. This broader revival aligns with the resurgence of decentralized applications and virtual worlds, where NYSE:SAND remains a prominent utility token. Technical Outlook From a technical standpoint, NYSE:SAND has broken out of a long-term falling wedge pattern—typically a bullish reversal signal. This pattern had previously led to a 75% decline, but the recent 292% surge marks a significant recovery. The breakout has set the stage for potential further gains, with the next target at $1.40. However, caution is warranted as the Relative Strength Index (RSI) is currently in overbought territory. A retracement to the 38.2% Fibonacci level could provide a strategic entry point for investors looking to capitalize on the next rally. This correction would be healthy, allowing NYSE:SAND to build a stronger foundation for its upward trajectory. Broader Market Dynamics NYSE:SAND ’s performance is closely linked to the broader cryptocurrency market, particularly Bitcoin ( CRYPTOCAP:BTC ). As CRYPTOCAP:BTC eyes the $100,000 milestone, altcoins like NYSE:SAND often mirror its movements. A sustained Bitcoin rally could propel NYSE:SAND toward its $1.20 target and beyond, especially as the GameFi narrative gains traction. The recent surge in Metaverse-related tokens reflects a growing consensus that virtual worlds and decentralized gaming will play a crucial role in the next phase of blockchain adoption. The Sandbox’s strong fundamentals, combined with its active development and partnerships, position it well to benefit from this trend. Investor Takeaway The Sandbox’s rally is more than just a technical bounce; it represents a fundamental resurgence in the GameFi and Metaverse sectors. Investors should monitor key support and resistance levels, stay attuned to Bitcoin’s movements, and watch for signs of continued on-chain strength. NYSE:SAND ’s journey from $0.20 to nearly $1 is a testament to its potential, and the path to $1.40 and beyond could be within reach if the current momentum holds.
COINBASE:SANDUSDLong
by DEXWireNews
#SAND/USDT#SAND The price is moving in a bearish channel on the 12-hour frame, and it adheres to it well, and the price rebounded from the green zone After rebounding from a significant decline, it is expected that the downward gap will be filled We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that is expected to break higher to support the rise Entry price is 0.4430 The first target is 0.5300 The second target is 0.6094 The third goal is 0.7113
Long
by CryptoAnalystSignal
1
The Sandbox | SAND The price of The Sandbox is $0.60 today with a 24hour trading volume of 244 million dollars. This represents a 6% price increase in the last 24 hours and a 11% price increase in the past 7 days. but what is Sand? well Sandbox is a decentralized community owned virtual world. Creators can host custom games and events on the virtual world. Analysts like to compare Sandbox with Roblox due to their similarity in concepts. However the key difference with Sandbox is that players have true ownership of the virtual world assets in the form of NFTs. By doing so, LAND owners can host contests and events, stake SAND to earn and customize assets, monetize assets and experiences, vote in the metaverse governance, play games. Saudi Arabia partners with The Sandbox for future metaverse plans.this year is an important year for crypto AR/VR projects and today many of them will pump thanks to Apple WWDC next targets for sand are 0.63 , 0.65 and 0.69 $
Long
by moonypto
16
SAND Looks INTERESTING!Even though SAND has failed the Point of control, this may end up being a good thing in the end because we can now look lower for a better entry. We are starting to bounce off the daily level below, I would not like to enter a long here unless we start to reclaim the POC (Yellow Line). The best entry will be the sweep of the liquidity below and reclaim of the Value Area Low. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility