The Sandbox

Resistance

Million

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>SAND crypto price is currently trading at $0.28536046 with a hike of 1.20% in the last 24 hours with a current market cap of $589.25 Million.</a> </li> 
 <li> <span>2</span> <a>SAND crypto price decreased by -7.09% over the past seven days.</a> </li> 
</ul> 
<p>The price action of the SAND crypto showed that selling pressure was noted on the charts and was in a downtrend, forming lower lows over the past few months. Moreover, due to declining investor interest, trading volume was below average.&nbsp;</p> 
<p>The ongoing trend favors bears and the crypto was also in a corrective phase, which made buyers cautious. The Sandbox trades below the significant moving averages and tries to attain the 50-day EMA to hold the gains.</p> 
<p>At the time of writing, the SAND price is trading at $0.28536046 with an intraday gain of 1.20%, showing a bounce from the lower trendline near the support mark of $0.167. Moreover, the intraday trading volume decreased by 16.54% to $48,559,718 Million and the market cap is $590.267 Million.</p> 
<p>The Sandbox has had a poor performance over the years. Year-to-date it gave negative returns of -25.30% and -52.28% in the span of 6 months. In the last 1 month, it gave a negative return of -27.15% and -6.93% in the last seven days. The price is indicating a long bearish trend that is continuing till now.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-sand-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of SAND Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/XXveAuLlG0NB89LKjmRDlBJql9UZPow77ADKN1YfJqqtwIGNT_G07O9NGz0x3CMM2oDGVKSaG_DOvzop1gWrju83zNZLW_GJ2NKN2Vyy0w0gMo1lCHfRXaAS3confNe75wtfog6n3ZWSUwu6mSqlRWs" alt="SAND Crypto Price Prediction: Will SAND Break Above the 50 EMA?"> 
  <figcaption class="wp-element-caption">
    Source: SAND.1D.USD by <a href="https://www.tradingview.com/x/Yf7SIt2j/" rel="noopener noreferrer nofollow">TradingView</a> 
  </figcaption> 
 </figure> 
</div> 
<p>At the time of publishing, SAND crypto is trading above the 50 and 200-day SMAs (Simple moving averages), which do not support the price trend.&nbsp;</p> 
<p>The current value of RSI is 26.62 points. The 14 SMA is above the median line at 27.17 points which indicates that SAND crypto is bearish.</p> 
<p>The MACD line at -0.01831286 and the signal line at -0.01875900 are above the zero line. A bearish crossover is observed in the MACD indicator which signals more bearishness for the Sandbox price.</p> 
<h3 class="wp-block-heading" id="strong-4-hour-timeframe-technical-evaluation-strong"><strong>4-Hour Timeframe Technical Evaluation</strong></h3> 
<p>On the 4-hour chart, the SAND <a href="https://www.thecoinrepublic.com/2023/07/29/the-sandbox-price-prediction-messari-releases-quarterly-report/" rel="noopener noreferrer nofollow">price </a>is stuck in a narrow range and does not signal an upcoming rise because of low volume levels. Moreover, a key indicator is still in the neutral range and does not signal bullishness.&nbsp;</p> 
<p>The RSI curve is near 43, in the neutral range, and showed a narrow consolidation move on the short-term charts. The MACD indicator now showed green bars on the histogram with a bullish crossover but did not signal any substantial upswing.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>SAND technical oscillators also support the bearish trend. The MACD, RSI, and EMA are emphasizing negative signs and imply that the downtrend may continue in the SAND crypto price. SAND price action suggests that the investors and traders are bearish on the 1-D time frame. The price action reflects a bearish perspective at the moment.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>S1 $0.25918166, and S2 $0.20845405</li> 
 <li><strong>Resistance Levels:</strong> R1 $0.34371326 and R2 $0.39444087</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

SAND Crypto Price Prediction: Will SAND Break Above the 50 EMA?

Table of Contents

Thecoinrepublic.com

Other articles published on Sep 13, 2023

Sekuya and Rise of NFTs (RoNs) Collaborate to Revolutionize NFT Gaming

LGEN Stock Price: Declining Revenue is Reflected in the Stock

LeveX Unleashes Next-Gen Social Trading Features, Pioneering a Cohesive Crypto Trading Ecosystem

Opera Adds Non-Custodial Stablecoin Wallet to Its Mobile Browser

XRP price prediction as token retraces all SEC case gains

Growth Leaders in 14 Days

Join our free newsletter for daily crypto updates!