SAND đȘ
The Sandboxđ is a platform for creating and running games and virtual worlds on the blockchain. #SAND is used as a digital currency within this ecosystem, allowing users to purchase land, artifacts, characters, and other game assets.
đActive showed a gorgeous growth for two months and made more than 200%, thereby rising to the values of 0.82$, where it hit the global resistance level. After that we started the correction to the global support level at 0.508$ and formed a local resistance level at 0.74$. We also formed a trend line, which we tested quite often and always got a reaction from it.
đŁ Now the asset is between the global support level and the local resistance level. In the short term, I expect the continuation of further growth to the local resistance level, as we have reversal patterns forming on the lower timeframes. Also, we have tested the global support level and trend line from which we have always had a great reaction.
đŁ If we talk about the medium-term perspective, we would like to see a breakdown of the global resistance level and growth up to $0.85, as this is our main medium-term target. đ©”
đŁ If we look at the global picture, given that there are not many fundamentally strong assets like SAND, we would certainly like to see a rise up to $2.5, where we have a global resistance level. That would amount to more than 300% net movement.đž
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