Future

<ul class="news-points"> 
 <li>SAND has entered the “depression” phase of the market psychology cycle.</li> 
 <li>At this phase, the market sees low price action and bearish market sentiment.</li> 
 <li>Recent price movements suggest that the predicted price growth might be happening already.</li> 
</ul> 
The price of SAND, the token that powers the metaverse-based game, <a href="https://coinedition.com/tag/sandbox-sand/">The SandBox</a>, might be near its bottom and ready for an upward correction, analyst Ali Martinez noted in a recent post on X (formerly Twitter). 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
 <img decoding="async" width="605" height="653" src="https://coinedition.com/wp-content/uploads/2023/12/Ali-1.png" alt="" class="wp-image-357371" srcset="https://coinedition.com/wp-content/uploads/2023/12/Ali-1.png 605w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-278x300.png 278w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-380x410.png 380w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-82x89.png 82w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-412x445.png 412w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-229x247.png 229w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-222x240.png 222w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-153x165.png 153w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-195x211.png 195w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-65x70.png 65w, https://coinedition.com/wp-content/uploads/2023/12/Ali-1-69x75.png 69w" sizes="(max-width: 605px) 100vw, 605px">
 <figcaption class="wp-element-caption">
 <a href="https://twitter.com/ali_charts/status/1739076860401574168" target="_blank" rel="nofollow">SAND Potentially</a>
 </figcaption>
 </figure>
</div> 
According to Martinez, the token’s price is in the “depression” phase of the typical market psychology cycle. An asset is said to be in this phase when it witnesses an extended period of low prices and low investor sentiment.&nbsp; 
Furthermore, Martinez added that this presents a buying opportunity for investors, as the altcoin might be poised for a rally.&nbsp; 
<h2 class="wp-block-heading" id="h-is-the-rally-underway-already">Is the Rally Underway Already?</h2> 
An assessment of <a href="https://coinedition.com/the-sandbox-sand-price-prediction/">SAND’s price</a> performance in the last month suggested that the predicted price uptrend might be underway already. 
Exchanging hands at $0.6054 at press time, the token’s price has grown by 40% in the last month. Moreover, data showed that SAND’s value has increased by 29% in the la…
The post <a href="https://coinedition.com/sand-potentially-reaching-bottom-analyst-hint-at-future-upswing/">SAND Potentially Reaching Bottom, Analyst Hint at Future Upswing</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SAND Potentially Reaching Bottom, Analyst Hint at Future Upswing

Table of Contents

Coin Edition

Other articles published on Dec 26, 2023

Bitcoin Advocate Krueger’s Critical Comments on Solana Surprise the Community!

Next-Gen Altcoins: Aptos (APT), Optimism (OP), and Pullix (PLX) Spearhead Innovation in Q1 2024

PanCakeSwap Team Burns 10 Mln Tokens, CAKE Price Soars 25%

Crypto Market Yearly Report 2023: An In-Depth Analysis and Insights

Rejoice! Mt. Gox Begins Long-Awaited Repayments to Creditors After Nearly 10 Years

Bitcoin to $400,000? Max Keiser Points to BTC Price Growth Estimate

Join our free newsletter for daily crypto updates!