SANDUSD Technical Analysis: The SANDBOX Price Prediction

#SAND is the flavour of the season, especially after Facebook announced the Metaverse crypto projects. From that time only, such Play2Earn games cryptos started attracting investors attention.

Though SAND has corrected after having a steep rally, it’s again ready for some upside. At least the SAND daily chart today indicates that you can start accumulating.

Also Read: 5 Metaverse Cryptos (Tokens) That May Explode Like Anything

On the Hourly chart, SAND fell exactly up to 0.5 Fibonacci level and bounced back. Also, it seems to breaking the descending parallel channel.

SAND TECHNICAL CHART

On a higher timeframe of 4 hours, the Rate of Change indicator has just come out of zero after taking support at the white line. We have used 5 periods in the RoC indicator.

Also Read: Metaverse Coin Supercycle May Start Soon: An Open Letter By Cicero Compass  

On the daily chart, it just touched 0.23 Fibonacci level and bounced back. Also, the RoC indicator is also at the oversold level.

 

Vikash Kumar

An investor with more than 15 years of experience in the market. I m deeply interested in positional and momentum-based trading strategies and love learning strategies and backtesting.

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