SAND Crypto Forms Bullish Reversal Pattern – Crypto News – Crypto News
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SAND Crypto Forms Bullish Reversal Pattern SAND Crypto Forms Bullish Reversal Pattern

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SAND Crypto Forms Bullish Reversal Pattern – Crypto News

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3 years ago

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sandbox (Sand) price has become hot once again after a strong bounce from its yearly lows. The metaverse giant is currently up nearly 35% from its recent lows and is targeting more upsides in the coming days. The ongoing bounce in SAND crypto is fueled by the bullish sentiment across the entire crypto industry.

After a 35% surge in the last 3 weeks, the native asset of the Sandbox game, SAND price, is consolidating right now. The price seems to be heading for a retest of the downward trendline that has been respected for the past 12 months.

Will SAND Crypto Make A Comeback?

The bullish price action by the SAND crypto in 2021 was driven by the insane metaverse hype, which made Facebook rebrand as Meta. Sandbox lands are one of the most valuable NFTs, but their prices have corrected significantly from all-time highs. While it may appear at the moment that the metaverse hype is over, it is due to make a strong comeback in the near future.

Altcoins have been rallying since last week as BTC price is gaining strength. The ongoing bullish sentiment in the markets can be attributed to the spot ETF filings by multiple traditional finance institutions like BlackRock, Fidelity, and Ark. Sandbox price has also benefited from this bullishness and is trading at 4-week highs.

Sandbox Price Prediction 2023

It is quite evident from the following SAND coin chart that the price is gaining strength after grabbing liquidity below the January lows. If the positive BTC price action continues, I expect it to retest the key psychological level of $0.50, which is 12% above the current price level.

However, for the Sandbox price prediction to flip bullish, it needs to break out of the downward trendline, which is visible on the chart below. This may act as a strong bullish reversal signal with the price target of $0.94 in sight.

I’ll keep posting my updated SAND price analysis and my personal trades on Twitterwhere you are welcome to follow me.

SND Crypto Chart

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