The Sandbox Cannot Make Progress
The Sandbox price analysis shows an upward trend and is trading at $0.4352. Resistance for the SAND/USD pair is at $0.443. SAND/USD is higher by 0.43% as bulls look to support the resistance level of $0.443.
Sand price analysis shows a dramatic trend in the last 24 hours, with an increase of 0.43%. Today’s stock started trading at $0.4352 and immediately broke higher. Sandbox has been trending higher since yesterday, with an increase of over 0.4% since then.
The breakpoint of the SAND/USD pair is currently at $0.443 and the support is at $0.4264. Going forward, it is expected that the Sandbox will continue to be short-lived. Sandbox’s daily price analysis reveals strong buying pressure, with the RSI (Relative Strength Indicator) currently at 32.11, indicating that the market is overbought and likely to undergo a near-term correction.
That being said, the Sandbox should still be growing, as it has been for the past 24 hours. In addition, the Moving Average Convergence and Divergence (MACD) line is still above the signal indicating that the current trend is trending.
Sandbox Token Sees High Market Volatility and Bullish Indicators
Therefore, it is expected that the market volatility for the Sandbox token will remain high and it is expected that the price will continue to improve in the coming days. The upper Bollinger band is currently at $0.4840 and the lower band is trading at $0.3777.
The 4-hour Sandbox price analysis shows that the market is still going up, but the fire is fading. For this reason, bulls should be cautious because a bearish move can destroy the promotion. However, the 24-hour trading volume for the SAND/US pair returned to $127,721,092 and the market capitalization is currently at $653,097,365. The RSI is currently above the 60 level and the moving average is above.
Overall, Sandbox’s price analysis shows that the market is high and should remain for a short period of time. Digital assets are now trading on the main road, and a break in any part of the range can set the tone for the next trip. The hourly and daily technical indicators are currently in a bullish state, and they indicate that the bulls have a strong hold on the market.