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- 1 The Sandbox price prediction turned bullish for November and December.
- 2 SAND price holds the 50-day EMA and approaches to break the 200-day EMA.
- 3 The buying volume in the SAND crypto increased rapidly.
The Sandbox price prediction turned bullish for the next two months. It also suggests if SAND crypto holds the recent gains then more scope of upside will open.
SAND price took support near $0.2771 and reversed upward. Gradually, the price gained momentum and the buyers succeeded in breaking out of the $0.3500 hurdle. It triggered the positive sentiment and SAND crypto began to recover by forming higher high candles.
The Sandbox price climbs above the 50-day EMA indicating bullish trend reversal. Moreover, the price approaches the 200-day EMA which is acting as an immediate hurdle for bulls.
If buyers succeed in breaking out of the 200-day EMA, then investors need to be prepared for a sharp rise toward $0.5000. The price action indicates the recent up move had strength and the price is expected to sustain to the higher levels.
Meanwhile, the buying volume also increased rapidly which denotes that big players had invested and taken long positions. The Sandbox price is currently trading at $0.4083 with an intraday rise of 1.54%. The 24-hour volume to market cap is 12.49%.
Is The Sandbox Price Getting Ready for $0.5000 Breakout?
The Sandbox price prediction suggests bulls are getting active and more upside is pending. The crypto price showed a steep rise so it might show a minor retracement toward the 50-day EMA before rising upward.
Till the SAND price is trading above $0.3413, a short-term correction is likely to be easily absorbed. The price pattern of the SAND crypto is bullish so the probability of continuing the upward momentum remains high.
The analysis suggests, that if the SAND price climbs above the 200-day EMA, then the possibility of the $0.5000 breakout will increase.
SAND Price Rose For Four Consecutive Weeks
SAND price rose for the four consecutive weeks and formed a bullish pattern. It seems that the correction has taken a halt and the price is getting ready for the massive up move.
The recent rally had recovered the losses of the last three months, denoting strength and more room for upside is open.
The supertrend also turned bullish and tells the investors that till the price sustains above $0.3479, the trend will remain upward. However, the RSI at 78 denotes overbought territory so the price might show a minor retracement.
Conclusion
The Sandbox price prediction is bullish for November and December. The recent rally is supported by higher volume and the price is near the 3-month high. It denotes the strength and confidence of the bulls.
The analysis suggests that the SAND price is inside the bulls’ grip, and the probability of a $0.5000 breakout is high.
Technical Levels
- Resistance levels: $0.4856 and $0.6193
- Support levels: $0.3413 and $0.2771
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
