The Sandbox (SAND) Falls to Support After 30% Drop in Three Days

The Sandbox (SAND) Falls to Support After 30% Drop in Three Days
фото показано с : beincrypto.com

2022-6-30 22:15

The Sandbox (SAND) is struggling to sustain the upward movement that began on June 18. It has nearly returned to its June lows.

SAND has been falling since reaching an all-time high price of $8.48 on Nov. 25, 2021. The downward movement continued until June 18, 2022, and led to a low of $0.73. 

The price bounced afterward, validating the $0.75 horizontal area as support. This is a crucial horizontal area since it had previously acted as resistance from March – Nov. 2021. 

Currently, the price is trading at $0.97, measuring a decrease of 88.5% since the all-time high. 

SAND/USDT Chart By TradingView Divergence leads to breakout

The daily chart provides a more bullish outlook than the weekly one, which however does not confirm the possibility of a full bullish reversal. 

On the bullish side, the RSI generated bullish divergence which led to an upward movement that caused a breakout from a descending resistance line that had been in place since the beginning of April. 

On the bearish side, the price has struggled to sustain the upward movement and is approaching its June lows once more.

The RSI could find support at the current level of 40 and bounce, but if it does not, it will likely mean that the breakout will not be sustained and a new low will follow.

SAND/USDT Chart By TradingView Short-term SAND movement

Cryptocurrency trader @BigCheds tweeted a chart of SAND, stating that a short-term decrease is expected.

Source: Twitter

Since the tweet, the price has decreased considerably and broke down from an ascending support line on June 28. 

The downward movement has taken SAND back to the 0.618 Fib retracement support level at $0.97. In turn, this is the final support area prior to the June lows. 

So, if the current level fails to initiate a bounce, new yearly lows would be expected.

SAND/USDT Chart By TradingView

For Be[in]Crypto’s latest bitcoin (BTC) analysis, click here

The post The Sandbox (SAND) Falls to Support After 30% Drop in Three Days appeared first on BeInCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

BeachCoin (SAND) на Currencies.ru

$ 0.0002151 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 SAND

sand sandbox three june days support falls

Источник: beincrypto.com

sand sandbox → Результатов: 109


SAND Has Just Been Added On Binance US – Will It Hit $1 In The Coming Days?

SAND is the native token of the Sandbox metaverse and is used to facilitate gameplay transactions such as purchasing digital land and interacting with user-generated content. Sandbox started out as collaboration between Pixowl and developer Onimatrix Binance listed SAND and is already available for trading on its platform The token is responding positively with this development, trading at $0.

2022-10-6 07:19


Аналитик увидел хорошие перспективы у токена SAND

Ведущий криптовалютного YouTube-канала Coin Bureau Гай рассказал, что игровой альткоин The Sandbox (SAND) на основе Ethereum готов к резкому росту в ближайшие недели. SAND – это нативный токен виртуального мира на основе Ethereum The Sandbox, который позволяет фанатам видеоигр монетизировать свой игровой опыт.

2021-11-18 08:57


Стоит ли покупать сейчас игровые токены?

За последние дни некоторые токены игровых децентрализованных проектов показали значительный рост. Например, стоимость токена Decentraland (MANA) за неделю выросла на 300%. За аналогичный период токен игрового проекта The SandBox (SAND) подорожал на 240%.

2021-11-3 21:02


Фото:

Игровая блокчейн-платформа The Sandbox проведет токенсейл на Binance Launchpad

Криптобиржа Binance проведет токенсейл проекта The Sandbox на платформе Launchpad. Продажа токенов SAND стартует 13 августа 2020 года. Об этом сообщается на официальном сайте криптобиржи. Владельцы utility-токена SAND смогут продавать и покупать предметы в игровой вселенной The Sandbox.

2020-8-7 10:00


дальше еще 60 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Metaverse Tokens SAND and MANA See Price Breakout on the Horizon

Both The Sandbox (SAND) and Decentraland (MANA) are trading inside short-term bullish patterns and are showing signs of impending breakouts. SAND is the native token of The Sandbox, a blockchain-based virtual world that allows users to create, buy and sell digital assets in the form of a game.

The Sandbox (SAND) Breaks out From 213-Day Resistance Line

Despite breaking out from a long-term descending resistance line, the Sandbox (SAND) is trading inside a corrective short-term pattern. The direction of the trend is still undetermined. The post The Sandbox (SAND) Breaks out From 213-Day Resistance Line appeared first on BeInCrypto.