Skip to content

Real Cryptocurrency Hub

Crypto Comeback Pro is an auto trading platform that allows you to invest in the crypto market and start making money right away. Sign Up HERE

  • Home
  • Start Trading
  • English
    • English
    • Español
    • Italiano
    • Polski
    • Svenska
    • Deutsch
  • News
  • Mining
  • ATM
  • Bitcoin (BTC)
  • Guides
  • How To’s
  • Exchange/Wallet
  • Brokers
  • Bitcoin Price Prediction
  • Home
  • Crypto News
  • Sandbox (SAND) To Test Last Defense Line before Bullish Reversal
  • Altcoins
  • Crypto Marketplace
  • Crypto News
  • Crypto Token
  • Cryptocurrency/Cryptocoin
  • Price Analysis
  • Sandbox (SAND)
  • Trading

Sandbox (SAND) To Test Last Defense Line before Bullish Reversal

Patrik Verhoek February 23, 2022 2 min read
  • Sandbox price might witness drops to test a critical footing before a higher bounce.
  • SAND has to hold beyond $2.90 to prevent further declines.
  • Sandbox slicing beyond $4.42 might trigger a 57% upswing.

Sandbox (SAND) might test a crucial support level before a potential bounce. However, the metaverse token has to steady beyond the 200-day SMA for the bullish reversal to play out.

SAND to Eye after Testing Support Level

The SAND price printed a symmetrical triangle formation on its daily chart. That suggests that the asset can continue with sideways actions inside the governing technical pattern’s boundaries. Increased bearish sentiment will see Sandbox declining towards the 200-day Simple Moving Average at $2.90, matching the prevailing chart pattern’s lower border. A drop beneath the mentioned defense line might trigger an additional 57% drop to $1.34, the target by the primary technical setup.

Nevertheless, SAND might find another footing around the Momentum Reversal Indicator’s support line at $2.30. Bulls will encounter the initial resistance area at 23.2% FIB retracement around $3.29 amid reversals. Another hurdle will appear at 38.2% FIB retracement zone at $3.59.

Additional obstacles might showcase at the 50% retracement area near $3.83. Another one will emerge at the 50-day Simple Moving Average at $4.08, matching the 61.8% FIB retracement area. The most challenging hurdle can appear at the prevailing chart pattern’s upper border at $4.42, the level intersecting with 78.6% FIB retracement area. Meanwhile, Sandbox price slicing past this resistance level will trigger a 57% surge to $6.91.

Sandbox might encounter an obstacle near the 100-day Simple Moving Average at $4.84 before hitting the optimistic target. The hurdle sits near the MRI’s resistance line. Also, 161.8% FIB extension might act as another SAND headwind around the $6.13 mark.

For now, SAND nears the last defense line before catalyzing bullish reversals. However, the crypto has to hold beyond $2.90 to avoid more declines. A decisive move past $4.42 might support a 57% surge.

For now, the overall market attempts to recover following the latest market fall. While publishing this content, Sandbox changed its bullish actions at $3.27. Let’s wait for upcoming trading sessions.

Post Views: 101

Continue Reading

Previous: Algorand (ALGO) Nears Last Stable Support, Eyeing Recovery to $1
Next: Price Analysis of AppleSwap (APPLE), MetaPay (METAPAY), and more Cryptocurrencies

Related Stories

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022

Read our disclaimer

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$29,651.00
-1.62%
ethereum
Ethereum (ETH)
$2,011.29
-3.30%
tether
Tether (USDT)
$1.00
-0.17%
usd-coin
USD Coin (USDC)
$1.00
-0.34%
binancecoin
BNB (BNB)
$295.57
-1.72%
ripple
XRP (XRP)
$0.417468
-2.86%
cardano
Cardano (ADA)
$0.56
0.33%
polkadot
Polkadot (DOT)
$10.61
-2.64%
dogecoin
Dogecoin (DOGE)
$0.086954
-3.43%
Uniswap
Uniswap (UNI)
$5.02
-5.00%

Recent Posts

  • Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

    At the time of writing, the buyers are trying to defend a low trading price of Terra (LUNA)
  • ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

    If you are into the meme coins then it goes without saying that you are well aware of
  • Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

    Time to go through the price analysis of extraDNA, Maneki-neko, and Gleec. The reason behind their price analysis
  • Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

    Gera Coin and CouponBay have reportedly experienced huge rallies in the past 24-hours. Both Gera Coin and CouponBay
  • Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Price Analysis of Meta Course (COURSE), CroNodes (CRN), and Stabledoc (SDT)

    Meta Course (COURSE) – 190.73% Surge The trading price of Meta Course was reportedly at a low of

Start Trading

Categories

Top Posts

  • “Bitcoin is More Vulnerable Against Attacks” Says BIS’s GM

    “Bitcoin is More Vulnerable Against Attacks” Says BIS’s GM

    Agustin Carstens of BIS takes on Bitcoin and says by nature Bitcoin is flawed and contains risks that
  • Price Analysis of BMIC, CWEB, FFWOOL, and more Cryptocurrencies

    Price Analysis of BMIC, CWEB, FFWOOL, and more Cryptocurrencies

    The performance data shared by CoinMarketCap for BITMIC (BMIC) shows that its price has plummeted by 8.08% in
  • KIMCHI Finance Token’s Price Skyrockets By Over 100% Within 24 Hours

    KIMCHI Finance Token’s Price Skyrockets By Over 100% Within 24 Hours

    As predicted, the year 2021 is going to bring a lot of surprises for the cryptocurrency community, and
  • The Crypto Market Today – 28 May 2021

    The Crypto Market Today – 28 May 2021

    It is another mixed day for major cryptocurrencies. Bitcoin would have to move to the $40,000 support to
  • Congress is Going to Issue Anti-crypto $550 Billion Infrastructure Bill

    Congress is Going to Issue Anti-crypto $550 Billion Infrastructure Bill

    Nothing is final yet corresponding to the infrastructure bill presented to Senate a few days ago. It is

Archives

You may have missed

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis
  • Terra (LUNA)

Terra Experienced a 23.67% Price Plummet and May Dip to $32.36, Price Analysis

May 15, 2022
ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

ShibaInu Experiences a 17.17% Surge but Still Far from Bullish Trend

May 14, 2022
Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of extraDNA (XDNA), Maneki-neko (NEKI), and Gleec (GLEEC)

May 13, 2022
Price Analysis of Gera Coin (GERA) and CouponBay (CUP)
2 min read
  • Altcoins
  • Crypto News
  • Price Analysis

Price Analysis of Gera Coin (GERA) and CouponBay (CUP)

May 12, 2022
  • Kraken
  • OrbitGTM
  • Fxoro
  • BTC-Trends
  • KuCoin
  • Huobi
  • Bitfinex
  • PrimeXBT
  • United Exchange
  • Impressive Area
  • DG Flex
  • Tredexo
  • Sure Exchange
  • CTmatador
  • DXCBIT
  • IBC Exchange
  • CryptoPayIn
  • PrimeHolders
  • CMC Markets
  • XCGIN
  • Globe Exchange
  • XPRTcoin
  • Mainrow
  • Goldvence
  • Gamma Capitals
  • Towards Soure
  • CoinsMarkets
  • Cryptos Circus
  • Easy Crypto4U
Copyright © All rights reserved. | DarkNews by AF themes.
  • bitcoinBitcoin(BTC)$29,651.00-1.62%
  • ethereumEthereum(ETH)$2,011.29-3.30%
  • tetherTether(USDT)$1.00-0.17%
  • usd-coinUSD Coin(USDC)$1.00-0.34%
  • binancecoinBNB(BNB)$295.57-1.72%
  • rippleXRP(XRP)$0.417468-2.86%
  • cardanoCardano(ADA)$0.560.33%
  • SolanaSolana(SOL)$52.60-3.16%
  • polkadotPolkadot(DOT)$10.61-2.64%
  • dogecoinDogecoin(DOGE)$0.086954-3.43%
  • bitcoin-cashBitcoin Cash(BCH)$199.23-3.47%
  • UniswapUniswap(UNI)$5.02-5.00%