Token

Rally

The Sandbox

<ul class="news-points">
 <li><strong>The weekly SAND/USD chart showed the 0.786 Fib level could trigger a 65.5% price increase.</strong></li>
 <li><strong>Buying momentum has become weak but the Aroon indicator aligned with a bullish bias.</strong></li>
 <li><strong>A highly bullish scenario could trigger SAND’s price in the $3 direction.</strong></li>
</ul>
<p>The <a href="https://coinedition.com/tag/Sandbox-SAND/" rel="noopener noreferrer nofollow">Sandbox (SAND)</a>, the blockchain-based virtual world token, has not reached its full potential yet, analyst Ali Martinez noted. Martinez posted this on X while trying to defend his point that the crypto market has not yet reached its top despite the recent price jumps.</p>
<h2 class="wp-block-heading" id="h-it-s-just-the-start"><strong>It’s Just the Start</strong></h2>
<p>For the analyst, SAND has not even hit the 0.786 Fibonacci level, indicating that the token was very much undervalued&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">When people say it's too late to enter the <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> market… They claim a top is coming! <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f612.png" alt="😒" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Bruf, <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$SAND</a> hasn't even gotten back above the 78.6 Fib. This is the biggest <a href="https://twitter.com/hashtag/metaverse?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#metaverse</a> <a href="https://twitter.com/hashtag/altcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#altcoin</a> in the industry! <a href="https://t.co/tPCjwZfTEp" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/tPCjwZfTEp</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1765510419354095641?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">March 6, 2024</a>
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<p>The 0.786 Fibonacci level is one of the strongest series of ratios the indicator has. Therefore, it serves as a prime entry point. Coin Edition observed the weekly chart and saw that the Fib level was around $2. As such, SAND could hit $2 an…</p>
<p>The post <a href="https://coinedition.com/sandbox-sand-token-undervalued-analyst-forecasts-price-rally-to-2/" rel="noopener noreferrer nofollow">Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2

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