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 couldn’t 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.
𝐓𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐡𝐚𝐬 𝐞𝐧𝐠𝐮𝐥𝐟𝐞𝐝 𝐭𝐡𝐞 𝟐𝟎 𝐚𝐧𝐝 𝟓𝟎 𝐃𝐌𝐀 𝐥𝐢𝐧𝐞𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐭𝐡𝐞 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐭𝐫𝐞𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐚𝐬 𝐢𝐭 𝐢𝐬 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐛𝐨𝐯𝐞 𝐭𝐡𝐞 𝟏𝟎𝟎 𝐚𝐧𝐝 𝟐𝟎𝟎 𝐃𝐌𝐀.
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 .
- 𝐓𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐑𝐒𝐈 𝐜𝐡𝐚𝐫𝐭 𝐬𝐡𝐨𝐰𝐬 𝐚 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐝𝐢𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝟒-𝐡𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐟𝐫𝐚𝐦𝐞 𝐜𝐡𝐚𝐫𝐭
- 𝐓𝐡𝐞 𝐝𝐚𝐢𝐥𝐲-𝐌𝐀𝐂𝐃 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫’𝐬 𝐥𝐢𝐧𝐞𝐬 𝐬𝐥𝐢𝐩 𝐛𝐞𝐥𝐨𝐰 𝐭𝐡𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐳𝐨𝐧𝐞
- 𝐓𝐡𝐞 𝟐𝟒-𝐡𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐧𝐝𝐛𝐨𝐱 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 $𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐧𝐠 𝐚 𝟎.𝟖𝟑% 𝐥𝐨𝐬𝐬.
- 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s 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 couldn’t 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.
𝐓𝐡𝐞 𝐜𝐨𝐫𝐫𝐞𝐜𝐭𝐢𝐨𝐧 𝐩𝐡𝐚𝐬𝐞 𝐢𝐬 𝐭𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐡𝐚𝐬 𝐞𝐧𝐠𝐮𝐥𝐟𝐞𝐝 𝐭𝐡𝐞 𝟐𝟎 𝐚𝐧𝐝 𝟓𝟎 𝐃𝐌𝐀 𝐥𝐢𝐧𝐞𝐬. 𝐇𝐨𝐰𝐞𝐯𝐞𝐫, 𝐭𝐡𝐞 𝐨𝐯𝐞𝐫𝐚𝐥𝐥 𝐭𝐫𝐞𝐧𝐝 𝐟𝐨𝐫 𝐭𝐡𝐢𝐬 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 𝐬𝐭𝐢𝐥𝐥 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐚𝐬 𝐢𝐭 𝐢𝐬 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐛𝐨𝐯𝐞 𝐭𝐡𝐞 𝟏𝟎𝟎 𝐚𝐧𝐝 𝟐𝟎𝟎 𝐃𝐌𝐀.
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 .
- 𝐓𝐡𝐞 𝐒𝐀𝐍𝐃 𝐩𝐫𝐢𝐜𝐞 𝐑𝐒𝐈 𝐜𝐡𝐚𝐫𝐭 𝐬𝐡𝐨𝐰𝐬 𝐚 𝐛𝐮𝐥𝐥𝐢𝐬𝐡 𝐝𝐢𝐯𝐞𝐫𝐠𝐞𝐧𝐜𝐞 𝐢𝐧 𝐭𝐡𝐞 𝟒-𝐡𝐨𝐮𝐫 𝐭𝐢𝐦𝐞 𝐟𝐫𝐚𝐦𝐞 𝐜𝐡𝐚𝐫𝐭
- 𝐓𝐡𝐞 𝐝𝐚𝐢𝐥𝐲-𝐌𝐀𝐂𝐃 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐨𝐫’𝐬 𝐥𝐢𝐧𝐞𝐬 𝐬𝐥𝐢𝐩 𝐛𝐞𝐥𝐨𝐰 𝐭𝐡𝐞 𝐧𝐞𝐮𝐭𝐫𝐚𝐥 𝐳𝐨𝐧𝐞
- 𝐓𝐡𝐞 𝟐𝟒-𝐡𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐯𝐨𝐥𝐮𝐦𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐒𝐚𝐧𝐝𝐛𝐨𝐱 𝐭𝐨𝐤𝐞𝐧 𝐢𝐬 $𝟑.𝟏 𝐛𝐢𝐥𝐥𝐢𝐨𝐧, 𝐢𝐧𝐝𝐢𝐜𝐚𝐭𝐢𝐧𝐠 𝐚 𝟎.𝟖𝟑% 𝐥𝐨𝐬𝐬.
- 𝗜𝘁’𝘀 𝗶𝗺𝗽𝗼𝗿𝘁𝗮𝗻𝘁 to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s 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 |
Giao dịch đang hoạt động
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