SAND Soars 53%: Why $0.807 Could Be the Next Major Target!
Sandbox [SAND] is a leading metaverse token that has swept the cryptocurrency market with an astonishing 53.39% increase in the past 24 hours, rising to $0.6112. Trading volume surged an astounding 557.67%, reaching $1.87 billion, while its market cap stands at $1.46 billion.
As of the time of writing, SAND seems poised for further gains, raising the question: Can this metaverse token maintain its momentum and lead the market recovery? SAND Breaks Free from Downtrend SAND has broken through its long-term descending trend line, marking the end of a months-long bearish cycle. This decisive breakthrough is accompanied by strong bullish momentum, evidenced by its current trading price of $0.6323. Importantly, the price has surpassed the resistance level of $0.625, which now becomes a critical support level.
Therefore, the next major target is $0.807, a movement that could imply a further increase of 27.75%. Additionally, if the token fails to maintain its upward trajectory, $0.625 will become a key baseline to watch. A pullback to this level may lead to consolidation before the next upward move.
From a technical perspective, the MACD shows that bullish momentum is continuing to strengthen, with the MACD line at 0.0530 rising above the signal line at 0.0284, indicating strong buying activity. The widening gap highlights the continuation of bullish momentum.
