The Sandbox ($SAND ) is currently trading at $0.6720, reflecting an 11.64% drop over the past 24 hours. Despite the pullback, this presents potential trading opportunities for both short- and long-term traders. Let’s dive into the technicals and identify three key price targets.

🔍 Key Technical Levels

1ïžâƒŁ Resistance Zone (Target 1): $0.7500

The nearest resistance lies around $0.7500, aligned with the 50-EMA and previous consolidation levels. Breaking this level could signal bullish momentum.

Indicator Support: RSI nearing oversold levels, suggesting a potential reversal.

2ïžâƒŁ Mid-Range Target (Target 2): $0.8000

If SAND sustains a break above $0.7500, the next key level to watch is $0.8000, where we see a cluster of historical trading activity and the lower Bollinger Band boundary.

Watch for: Increasing trading volume to confirm breakout strength.

3ïžâƒŁ Major Resistance (Target 3): $0.8700

A rally above $0.8000 could see SAND testing $0.8700, its recent 24-hour high. This level represents a significant psychological barrier and an opportunity for profit-taking.

Critical Condition: MACD crossing above the signal line would confirm the bullish trend.

đŸ”œ Support Levels

Immediate support is at $0.6588, the 24-hour low.

A breakdown could see SAND targeting $0.6200 or lower, signaling further bearish sentiment.

📈 Indicators to Watch

Parabolic SAR (0.02, 0.2): 0.6807, showing bearish momentum.

RSI: 4.38%, suggesting oversold conditions.

MACD: Negative, but look for potential crossover as momentum slows.

💡 Market Outlook

SAND remains a strong project in the metaverse sector, and its long-term fundamentals are intact. However, short-term price action depends on broader market sentiment and the asset's ability to hold key support levels.

🎯 Target Summary:

Target 1: $0.7500

Target 2: $0.8000

Target 3: $0.8700

📱 Ready to trade? Stay updated with live charts and execute your trades on Binance now! 🚀

👉 Trade $SAND

/USDT on Binance

Disclaimer: This is not financial advice. Conduct your own resear

ch or consult with a professional advisor before making investment decisions.

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