The Sandbox

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<ul>
 <li>SAND was approaching its disbelief stage, which could trigger a price increase.</li>
 <li>The token’s value may rise to the $0.65 region in the short term.</li>
</ul>
Though <a href="https://ambcrypto.com/search/the+sandbox" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">The Sandbox [SAND]</a> has gained 32% in the last 30 days, the cryptocurrency appeared to be in a depression phase, analyst Ali Martinez revealed. The depression phase in the market comes around the end of a bear market.
During this period, market participants do not anticipate a significant price increase.
However, this phase is, most times, followed by a disbelief stage as prices begin to pick up. For SAND, Martinez opined that investors should not overlook the potential.
His viewpoint was born from the notion that the token was at a psychological stage that could foreshadow a price jump.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/hashtag/TheSandbox?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">#TheSandbox</a> appears to be in the 'depression' phase, a crucial point in the typical market psychology cycle. This could be an opportune moment for investors to consider acquiring <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">$SAND</a>, as the market might be poised for a future upswing. <a href="https://t.co/Sd8B3d2fct" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/Sd8B3d2fct</a>
 — Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1739076860401574168?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="noopener noreferrer nofollow">December 25, 2023</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The analyst’s opinion might come as an eye-opener to investors who have been looking at other narratives in the market.
For most of 2023, cryptocurrencies with fundamentals around AI, and Real World Assets (RWAs) seem to have gained the attention of investors.
The Sandbox falls into the <a href="https://ambcrypto.com/metaverse-tokens-gather-losses-but-sand-has-a-trick-up-its-sleeve/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">Metaverse</a> category. Unfortunately, this section of the market has been given the same treatment as the ones mentioned above.
But with SAND’s current condition, it could be time to start looking in that direction. A look at the volume showed that the token may have positive prospects in the short term.
At press time, The Sandbox’s volume had increased to 246.24 million. This implies an increase in SAND transactions.
AMBCrypto also deciphered that the surge in volume is a signal of investor confidence and optimism around the cryptocurrency. Another bullish sign was the increase in Active Addresses.
<div id="attachment_360410" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360410" decoding="async" class="size-full wp-image-360410" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023.png" alt="The Sandbox active addresses and volume" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/The-Sandbox-SAND-07.45.44-25-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div>
According to data <a href="https://app.santiment.net/charts/F0mF8nah__sCl" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="external">analyzed</a> from Santiment, SAND’s Active Addresses 24h jumped. Active Addresses show the daily level of speculation around a token.
Therefore, the increase suggests that SAND was one of the tokens that investors were looking at, to capitalize on the price movement.
AMBCrypto also took a look at the price action. Notably, the SAND/USD 4-hour chart showed how a bullish candle, which sent the price to $0.59. This movement confirmed how <a href="https://ambcrypto.com/sandbox-holders-leave-nothing-to-chance-as-they-distribute-tokens-ahead-of-unlock/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">bears</a> may not be able to match the token’s upswing going forward.
The Exponential Moving Average (EMA) was another metric that AMBCrypto considered.
At the time of writing, SAND’s 9-day EMA (blue) had also crossed over the 20-day EMA (yellow). This position suggested a bullish bias for the token. There has also been an increase in the Relative Strength Index (RSI).
Read <a href="https://ambcrypto.com/predictions/the-sandbox-price-prediction" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="internal">The Sandbox’s [SAND] Price Prediction</a> 2023-2024
Though the reading at 71.54 indicated that SAND was overbought at press time, it might not stop the uptrend.
<div id="attachment_360418" style="width: 100%" class="wp-caption aligncenter"><a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39.png" data-wpel-link="internal" rel="noopener noreferrer nofollow"><img aria-describedby="caption-attachment-360418" decoding="async" class="size-full wp-image-360418" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39.png" alt="SAND price analysis" width="1154" height="721" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39.png 1154w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39-300x187.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39-1024x640.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/SANDUSD_2023-12-25_08-00-39-768x480.png 768w" sizes="(max-width: 1154px) 100vw, 1154px"></a>
 Source: TradingView
</div>
Therefore, SAND’s price may retrace below $0.59. However, a move above $0.65 is a solid option for the token’s value in the short term. So, investors may need to consider accumulating SAND before the price goes around the bend.

The Sandbox is ‘depressed’: Should you buy SAND?

AMBCrypto

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