🔘SAND is the metaverse and game token

🔘First release date: August 13, 2020

🔘Opening price on the first day: 0.00833$

🔘The current price is: 0.638$

🔘Belongs to the public chain: Ethereum, solscan, polygonscan

📊The live price of The Sandbox is $ 0.639191 per (SAND / USD) today with a current market cap of $ 958.45M USD.

📊The Sandbox is -2.35% in the last 24 hours.

📊It has a circulating supply of 1.50B USD.

💎SAND is also one of the concept currencies in Hong Kong, but the current price of SAND is still at a low price compared to historical heights. Currently, Hong Kong is reporting the Web3 carnival, but today's data is not very ideal, because CFX, the big brother of the Hong Kong sector, also appeared today a downward trend.

💎But as far as the current market is concerned, only through the Hong Kong Web3 Carnival can Bitcoin show a good upward trend this year. Today is the first day of the event. We should expect the market reaction after the event. This is not in the interests of anyone. , nor the interests of a certain financial institution or a certain exchange, this is a carnival for everyone!

🇭🇰I will hold the currency to update the Hong Kong concept for everyone, and the next analysis currency is the Hong Kong concept currency #QTUM !

✅Follow me to learn more valuable information

#OriginalContent #Binance #Binano0_0o #Sand

SAND coin is moving in the support range of $0.4225 – $0.4150 in its 3-hour technical chart. If the 3-hour candlestick closures continue above the $0.4150 level, the upward movement can progress towards the levels of $0.4527 and $0.477.

However, if the SAND price makes 3-hour candlestick closures below the $0.4150 level, it can extend the downward movement towards the support of $0.3958. Therefore, investors should carefully monitor the $0.4150 level.

According to the daily technical chart, SAND coin is in the support range of $0.4165 – $0.4250. If it achieves daily candlestick closures above the $0.4165 level, the upward trend can start from this support range.

According to the technical analysis of SAND coin, the price is moving in the important support range of $0.4225 – $0.4150 in the 3-hour time frame. In this article, we have examined how the price can move above and below these support ranges. It is important for investors to remember that these critical support and resistance levels can determine price movements.

Medium-Term SAND Analysis

12-Hour SAND/USD Price Chart

At the time of writing, SAND coin is observed to be moving in the daily support range of $0.4165 – $0.4250. If SAND continues to achieve daily candlestick closures above the $0.4165 level, it can initiate the upward movement from this support range.

However, if the SAND price makes daily closures below the $0.4165 level, it can continue the downward trend it has been maintaining for a long time and can drop to the mentioned support of $0.40. Additionally, SAND’s other daily support range is between $0.40 – $0.3852.If the SAND price makes daily closures below the $0.4164 level, it will extend the downward movement towards the support range of $0.40 – $0.3852. However, if SAND encounters strong buying reactions from this critical support range, it can sustain the upward trend first to the $0.482 level and then to the $0.57 levels.

As a result, it is important to pay attention to the reactions in the $0.40 – $0.3852 support range of SAND price, as these reactions can determine the course of the downward movement. Investors should carefully monitor how the price will react in this critical support range.

Short-Term SAND Price Analysis

When we examine the SAND technical chart in the 3-hour time frame, it is observed that it continues its movement in the important support range of $0.4225 – $0.4150. If the SAND price continues to achieve 3-hour candlestick closures above the $0.4150 level, it can initiate the upward movement from this support range and reach the first level of $0.4527 and then the $0.477 levels.

However, if the SAND price makes 3-hour candlestick closures below the $0.4150 level, there is a possibility of continuing the downward movement towards the support region mentioned in the analysis, which is $0.3958. Therefore, SAND investors should be cautious against 3-hour candlestick closures below the $0.4150 level.

#Sandbox $SAND #Sand

SAND, the native token of The Sandbox metaverse platform, has exhibited notable resilience, marking a commendable 40% increase in value over the past month, settling at $0.61, as reported by CryptoPotato. This resurgence in value comes against the backdrop of a broader market uptick, placing the token at a price level last witnessed in April.GameFi Token's EvolutionSAND, known as a popular GameFi token, gained prominence during the pandemic's peak in 2020-2021, offering an alternative income source for individuals navigating lockdowns. However, the fortunes of GameFi tokens took a hit during the crypto industry's downturn in late 2021. The current data suggests that SAND might be in a 'depression' phase, a term indicating a potential favorable moment for the market to position itself for an upward swing.Analyzing Market PsychologyOn-chain analyst Ali Martinez, drawing inspiration from the Wall Street cheat sheet illustrating market psychology, provides insights into the cyclical nature of markets. The depression phase, characterized by low public confidence, signifies a subtle emergence of improvement signs. Recognizing that sellers have exited the market opens opportunities for asset accumulation at exceptionally low prices, potentially marking the initiation of the next market cycle's momentum.Bullish Signals for SANDMartinez identifies a bullish opportunity for SAND at $0.55, a level that has already been surpassed. With a clear path forward and no major resistance, SAND could target higher levels. The next significant resistance barrier is anticipated between $0.90 and $1.35.The Sandbox's Expansion PlansThis positive outlook aligns with The Sandbox's ambitious expansion plans, particularly targeting India as its largest market within the next two years. The metaverse platform entered India in February through a strategic joint venture, marking a significant milestone for the subsidiary of Animoca Brands.Navigating ChallengesDespite its recent strides, The Sandbox faced a security breach earlier this year through a malicious application. An unauthorized third party accessed an employee's computer, using the obtained information to send a deceitful email posing as The Sandbox.Closing Thoughts As SAND navigates its market phase and The Sandbox pursues expansion, the cryptocurrency community observes with anticipation, recognizing the potential for SAND to ride the waves of market sentiment and carve a distinctive path in the evolving crypto landscape. #BinanceWish #Sand #cryptosolutions