SAND Sandbox and the Altcoin Season ThesisIf you haven`t sold SAND here:
or bought it back here:
Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season.
With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space.
This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin.
The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market.
The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins.
The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities.
Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list.
This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including SAND Sandbox, for which my price target is $0.60.
Looking forward to read your opinion about it!
SANDUSDT.P trade ideas
Sand USDT Weekly/ Swing Trade IdeaSand is in a range and range lows have been hunt/liquidity swept.
There's liquidity between 0.15 Cents to .20 Cents.
There's a ton of liquidity at range highs $1. After sweeping range highs and back in range, it is highly probable that this range was distribution and new lows are likely.
Indicators
--Every indicator is reset to move higher.
--Bullish divergences
This aligns with the assumptions:
1- Alts will rekt as BTC.D will rise. New and all money flow back only into BTC and ETH.
2- Alts have absurd valuations. FDV or even MC in hundreds of millions and revenue non-existent.
Sand/USDT 1 WeekAccording to my analysis and based on these assumptions, it is very likely alts will fall dramtically. This is for the reason alts are over valued. FDV or even market cap doesn't justify their valuations.
Sand has nearly a billion dollar coin yet has no basic utility. Graphics feel like 80's. Not yet delivered as promised.
SAND USDT PERP Hello Trader BINANCE:SANDUSDT.P
pairs sand usdt 4-hour time frame has touched the resistance area but for the resistance area to touch the liquidation area for retailers, the possibility of bearish for this pair will be able to swing but please monitor for confirmation area breakdown in the support area.
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Disclamer: Not Financial Advice
SAND USDT PERP Hello Trader 👋, today we are looking to BINANCE:SANDUSDT.P
rounding top for sand usdt pairs. supply zone has rejected to go down and has also confirmed to sell the area at 0.4279.
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SAND Sandbox Technical ReboundIf you haven`t sold SAND here:
Then in my opinion, based on the analysis of SAND's chart patterns, I can see the potential bullish signals suggested by the double bottom and falling wedge patterns.
These patterns often indicate a reversal or continuation of the current trend, which makes me optimistic about the stock's future performance. Considering the support found at the double bottom and the narrowing price range in the falling wedge, it appears that buyers are entering the market, and there is potential for an upward price movement.
Given these chart patterns and my analysis, I have set a price target of $0.50. I believe that a technical rebound leading to such a price level is feasible based on the signals observed.
Looking forward to read your opinion about it.
SAND/USDT Key Support Reclaimed & Potential for Upside MovementHello Traders,
Introduction:
The crypto market is a fertile ground for traders who know where to look. Today, our focus is on the SAND/USDT Perpetual pair on Bybit, specifically on its 1d chart. An interesting long setup seems to be developing.
Body:
Key Support Reclaimed: The price recently reclaimed a significant support level at $0.3805. This development often suggests a potentially bullish price action in the making.
POC Level: The Point of Control (POC) from January 1, 2023, to today stands at $0.52. This key level can act as a magnet for price action, possibly pulling the price towards it.
Liquidity at $0.48: There's considerable liquidity in the $0.48 area, where a previous support breakdown led to a substantial drop. The price might rally to this level to fill this inefficiency.
Bullish Stoch RSI: The Stoch RSI has crossed upwards and is above the 20 level, indicating rising bullish momentum.
Stable RSI: The RSI currently stands at 40, with no noticeable divergences. This stability suggests that, for now, the current price level is holding.
Trade Setup:
With these factors in mind, I've decided to take a long position on SAND/USDT. My invalidation point for this trade is a close of a 1d candle below $0.3805, which would suggest a breakdown below our reclaimed support.
Take Profit Targets:
TP1: The first take profit target is set at $0.48. This level represents the area of high liquidity, which can act as a resistance level.
TP2: The second take profit target is the POC level of $0.52. This level has historically attracted price action and could potentially do so again.
Conclusion:
While this setup seems promising, remember that trading carries inherent risks, and it's crucial to have proper risk management in place. Always be prepared for any scenario, and never invest more than what you can afford to lose.
SANDUSDTWhat Is The Sandbox (SAND)?
Launched in 2011 by Pixowl, The Sandbox is a blockchain-based virtual world allowing users to create, build, buy and sell digital assets in the form of a game. By combining the powers of decentralized autonomous organizations (DAO) and non-fungible tokens (NFTs), the Sandbox creates a decentralized platform for a thriving gaming community.
#SANDUSDT Profit Analysis Update ( 37% Down from our TA#SANDUSDT Profit Analysis Update:
NYSE:SAND is currently trading at $0.39, which represents a 37% decrease from our previous analysis. If you followed our suggestion to short, we hope you earned significant profits. However, even if you didn't short, you still saved your money as it's now down by 37% from that level.
The impact of the SEC lawsuit has caused a substantial 45% decline in NYSE:SAND 's price.
Looking ahead, we anticipate a potential upward move before another leg down towards the $0.2-$0.150 range. Keep a close watch on the $0.380 support level. If it holds, we may witness an upward move towards $0.55 before the subsequent downward movement.
However, if the current support at $0.380 fails, we could see another significant drop.
Our expectation is that NYSE:SAND may reach the $0.2-$0.15 range by the end of this year, presenting excellent buying opportunities for long-term holders.
In the next bull run, we anticipate NYSE:SAND potentially hitting $10, representing nearly a 50x increase from the lower support area.
Please note that this analysis reflects our personal opinion and is not financial advice. We encourage you to conduct your own research before making any investment decisions.
Thank you.
SAND USDT PERP Hello Trader BINANCE:SANDUSDT.P
upping in the 1H area while not rejecting
the area can still make it go up. you can go long in the limit area
or market price for now. but it is recommended to take it after
closing daily at 7 am. You can make sure that the 4H confirmation
area is also because if you take it now, you are afraid of floating minus.
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constructive criticism are important to authors and the
community.
Disclamer: Not Financial Advice
Sandusdt Trading opportunityPrice currently consolidating after breakingout from falling wedge. Two possibilities can follow from here, either the rally to continue by price breaking the bullish pennant consolidating zone or price heading down for a pullback towards the wedge top trendline.
We plan to trade this by go for immediate long and holding our stop loss below the local support zone. The target for this LONG will be our potential NECKLINE ZONE.
But, should incase price break the local support best BUY back zone and major demand area is shown on the chart with Pink zone.
Thanks
SAND/USDT Technical Analysis: Bearish Outlook with Buying Opport#SAND/USDT Technical Analysis: Bearish Outlook with Potential Buying Opportunities
In this technical analysis of the #SAND/USDT trading pair, we'll examine the current market situation and analyze key factors affecting the price of $SAND. While recent news and chart patterns indicate a bearish trend, there are potential support levels that could offer buying opportunities for long-term investors. Please note that this analysis is for informational purposes only and should not be considered as financial advice. Conduct your own research before making any investment decisions.
Headings:
Current State of #SAND/USDT: Bearish Trend and Recent News
Impact of Token Unlocking Schedule on NYSE:SAND Price
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
Key Support Levels and Target Zones for Buying Opportunities
Bull Scenario: Long-Term Potential and the Need to Break Resistance
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Conclusion: Conduct Thorough Research and Exercise Caution
Current State of SAND/USDT: Bearish Trend and Recent News
NYSE:SAND is currently trading at $0.515, displaying a bearish trend.
Recent news has contributed to the downward movement, with a significant 15% drop following the SEC news.
Impact of Token Unlocking Schedule on NYSE:SAND Price
Historical analysis reveals that NYSE:SAND often experiences substantial price declines after token unlocking events.
The upcoming unlocking of 11.085% of the total supply suggests the potential for further downside.
Price Projection for NYSE:SAND : Potential Drop to $0.2 by December 2023
Based on the analysis, there is a possibility that NYSE:SAND may reach $0.2 by December 2023.
However, a short-term pump up to $0.7 is expected before a potential leg down.
Short-Term Outlook: Anticipating a Small Pump Followed by Further Decline
The current expectation is a small pump in the short term, possibly reaching $0.7.
However, this would likely be followed by another downward movement.
Key Support Levels and Target Zones for Buying Opportunities
Two significant support levels are identified for potential buying opportunities: $0.38 and $0.177.
Holding the $0.38 support level would be favorable, but if it breaks down, a further decline to $0.177 is possible.
Bull Scenario: Long-Term Potential and the Need to Break Resistance
In the long term, there is a bullish outlook for NYSE:SAND , with a potential target of $10 in the next bull run.
However, breaking the strong resistance at $0.87 is crucial for the bullish scenario to materialize.
CryptoPatel Key Levels for #SAND/USDT: Support and Resistance
Support Levels: $0.3785 and $0.177
Resistance Levels: $0.7 and $0.87
Conclusion: Conduct Thorough Research and Exercise Caution
This analysis provides insights into the current state and future projection of #SAND/USDT.
It is important to conduct thorough research and analysis before making any investment decisions.
The cryptocurrency market is highly volatile, and individual research is essential to make informed choices.
Conclusion: The #SAND/USDT trading pair currently exhibits a bearish trend, influenced by recent news and historical patterns. While a potential decline to $0.2 by December
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