- Sandbox price analysis shows a bullish bias trend and is trading at $0.4352.
- Resistance for SAND/USD pair is present at $0.443.
- SAND/USD has increased by over 0.43 percent as the bulls look to target the $0.443 resistance level.
Sandbox price analysis shows a bullish trend over the last 24 hours, with an average increase of 0.43%. Today’s market began trading at $0.4352 and exploded upward right away. Sandbox has been on an overall uptrend since yesterday, with a total increase of over 0.4 percent since then. The resistance for the SAND/USD pair is currently at $0.443 and the support is at $0.4264. Looking ahead, Sandbox is expected to remain within an uptrend in the near-term future.
The Daily Sandbox price analysis reveals strong buying pressure, with the RSI (Relative Strength Indicator) currently at 32.11 this indicates that the market is overbought and is likely to experience a short-term correction soon. With that being said, Sandbox is still expected to remain in an uptrend, as it has done for the past 24 hours.
Moreover, the moving average convergence and divergence (MACD) line is still above the signal line, which indicates that the current trend is bullish. Therefore, the market volatility for the Sandbox token is likely to remain high, and the price is expected to continue its upward trend in the next few days. The upper Bollinger bands are currently at $0.4840, and the lower ones are trading at $0.3777.
The 4-hour Sandbox price analysis shows that the market is still in an uptrend, but the momentum is slowing down. As a result, the bulls need to be cautious, as a bearish move could invalidate the bullish trend. However, the 24-hour trading volume for the SAND/USD pair retraced to $127,721,092, and the market capitalization is currently at $653,097,365. The RSI is currently above the 60 level, and the moving average is trending upward.
Overall, the Sandbox price analysis suggests that the market is in a bullish trend and is expected to remain so in the near-term.The digital asset is currently trading at a key junction, and a breakout from either side of the range could set the tone for the next move. Both the hourly and the daily technical indicators are currently in a bullish state, and they are indicating that the bulls have the upper hand in the market.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk, Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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- Source: https://coinedition.com/sandbox-retraces-to-0-4352-after-a-strong-bullish-momentum/
