2024

The Sandbox

Million

<ul class="list-ic vertical">
 <li><span>1</span> <a>The Sandbox crypto price struggles to recover on the 2nd consecutive day as traders adopt cautious stance.&nbsp;&nbsp;&nbsp;&nbsp;</a></li>
 <li><span>2</span> <a>The technical indicators imply a slightly bearish outlook below the 200-Day EMA.&nbsp;</a></li>
</ul>
<p>The Sandbox crypto stays lower on the second consecutive day. The crypto lacks buying volume inflow which is turning out to be a very hard task for the crypto to recover.</p>
<p>Earlier, SAND price could not sustain above the 200-Day EMA and registered its presence below the 200-Day EMA in the last week. However, the buyers tried to recover in the later sessions.&nbsp;</p>
<p>Furthermore, the crypto started this week with a positive note on Monday resuming the recovery from the previous week. However, the sellers appeared the very next day on Tuesday and dragged the price lower, erasing the gains collected in the recent sessions.&nbsp;</p>
<p>The Sandbox crypto is currently struggling to sustain at the lower levels the breakdown of which may unlock more potential on the downside.&nbsp;</p>
<p>At the time of writing, The Sandbox price was at $0.442 after a swift gain of 0.45% in intraday. As per data obtained from CoinMarketCap, it has a total market capitalization of $989.26 Million and ranks 63rd among all the cryptocurrencies. It had a 24-hour trading volume of 62.749 Million with an intraday drop of 30.67%.&nbsp;</p>
<div class="wp-block-image">
 <figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="921" height="483" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-44.png" alt="Sandbox " class="wp-image-191218" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-44.png 921w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-44-300x157.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-44-768x403.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-44-750x393.png 750w" sizes="(max-width: 921px) 100vw, 921px">
 </figure>
</div>
<p>Moreover, the long term outlook has turned bearish after the breakdown below the 200-Day EMA. Crypto has been in a declining trend in the short term since the very start of the year 2024. The price dropped from a high of $0.65 in January to a low of $0.43 yesterday thus eroding over 30% of its value in the last one month.&nbsp;</p>
<p>However, the price performance of the SAND crypto is still positive over the past 3 months at a gain of over 20%. Earlier, the crypto performed well from October 2023 to December 2023 and gained almost 100%. The price surged from a low of $0.32 in October to its peak value of $0.67 in January 2024.&nbsp;</p>
<p>Currently, the SAND crypto has broken below the 200-Day EMA, unlocking more potential on the downside. Now, if the price breaks below $0.43 level it may dig lower to test the demand zones at $0.4 and $0.3.&nbsp;</p>
<p>At the time of writing, the RSI line was at 39.53 points and that of SMA line was at 40.93 points. RSI has made a bearish crossover with the SMA line, suggesting a negative outlook in the short term.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="strong-the-sandbox-price-prediction-february-2024-strong"><strong>The Sandbox Price Prediction February 2024</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="472" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-1024x472.png" alt="Sandbox " class="wp-image-191220" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-1024x472.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-300x138.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-768x354.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-1536x708.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-750x345.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45-1140x525.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-45.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://in.tradingview.com/" target="_blank" rel="noopener noreferrer nofollow">SAND/USDT</a> Chart by TradingView
  </figcaption>
 </figure>
</div>
<p>The positive view of analysts is an upside potential of nearly 23%, which could take the Sandbox crypto price above the $0.5 mark. While the bearish view of analysts hopes the price drops to the nearest support level and a round level of $0.4.</p>
<h3 class="wp-block-heading" id="strong-the-sandbox-price-prediction-2024-strong"><strong>The Sandbox Price Prediction 2024</strong></h3>
<p>The most positive price prediction for 2024 shows that The <a href="https://www.thecoinrepublic.com/2024/01/26/unstoppable-domains-the-sandbox-and-tuschay-announced-merger/" target="_blank" rel="noopener noreferrer nofollow">Sandbox crypto </a>may advance to a high of $0.704 by the end of the year 2024. Whereas, the less optimistic analysts estimate a price target of $0.601 by the end of year 2024.</p>
<h3 class="wp-block-heading" id="strong-the-sandbox-price-prediction-2025-strong"><strong>The Sandbox Price Prediction 2025</strong></h3>
<p>As per the most positive view of our analysts, the price may attain $1.011 suggesting an upside potential of 132.74%. The most pessimistic view assumes the price to reach $0.747 by the end of the financial year 2025.</p>
<h4 class="wp-block-heading"><strong>Disclaimer</strong></h4>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

The Sandbox Crypto Slumps: A Short-Term Hiccup or Long-Term Fall

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