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The SAND coin price continues the uptrend after the successful retest of the falling wedge breakout. Will the uptrend reach the $5 mark?  The Sandbox is a distinct platform as it introduces blockchain technology into the gaming world. Gaming is an enormous market that has not been explored with regards to the use of blockchain technology and Pixowl realized this in the year 2011. In creating a world where gamers can build and accumulate blockchain-based assets, the Sandbox hopes to transform the game. It creates an entrance into the gaming industry worldwide. Let us move ahead to read about SAND technical analysis. Past Performance of SAND The SAND coin price action grows after successfully retesting the bullish breakout of the falling wedge pattern, as mentioned in our previous article. The price jumped 18% in the past 48 hours resulting in two huge bullish engulfing candlesticks and a morning star pattern near the trendline. The price rests close to the 50-day EMA and patiently prepares to surpass it.  SAND/USD Daily Chart SAND Technical Analysis The SAND coin price action shows a solid bullish continuation after the morning star pattern which retests the bullish breakout. Hence, the buyers align to ride the bullish trend which aims to reach the $5 mark. The crucial Exponential Moving averages show a bullish alignment as the support near the 200-day average pushes it to the 50-day average. Therefore, the EMAs showcase a bullish trend continuation after a sharp correction. The Stochastic RSI indicator shows a bullish crossover in the overbought zone, undermining the previous bearish cross. Hence, the indicator reflects a sudden rise in the underlying bullishness.  The DMI indicator shows a bullish crossover in the DI lines as the bulls take over the trend control. However, the ADX slope reflects a fall in the trend momentum. In conclusion, the price action and the technical indicators reflect a jump in the underlying bullishness. Hence, bullish traders can find SAND reaching new heights.  Upcoming Trend The SAND coin price retests the falling wedge breakout successfully to continue the uptrend in the daily chart. The price jump increases the bullish attention after the drastic 25% fall in the META shares price.   Buyers can find the trend to reach the $4.75 and $5.50 mark above the 50-day EMA, if the buying pressure sustains. However, on the opposite end, the support levels are at $4 and $3.75.

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META shares crash by 20% after Facebook decided to enter into the Metaverse and pause the pursuit of an immediate profit by building the metaverse so let’s read further in our latest cryptocurrency news. Judging by the drop in stock prices, the investors are not really convinced by Facebook’s plans to enter the metaverse. The […]