The Sandbox (SAND)
Key points:
As of this writing, SAND has had the highest gain in the last 24 hours.
Since its breakout started, SAND has increased by over 170%.
What you should know:
The Sandbox (SAND) has experienced an explosive rally, spiking by over 72.46% in the last trading session. Currently trading at $0.75, SAND broke past its resistance zone of $0.30-$0.40, as depicted on the daily chart, fueled by high trading volumes. The 50-day and 200-day moving averages, at $0.30 and $0.31, respectively, turned into significant support levels, enabling the token's breakout. However, the Relative Strength Index (RSI) nearing 95 signals overbought conditions, indicating potential cooling-off periods. With substantial upward momentum, SAND could face resistance at $0.80 while support remains strong around the $0.50 level, ensuring the potential for further volatility in its price action.
