The Sandbox asset is expressing bearish behavior as Social Dominance, volume with price has declined and has the opportunity to fall further on the daily chart. It performed poorly last month with an -21.33% drop implying a stable downtrend.
Since then, the crypto has demonstrated a major decline as the price sank from a vital level of around $0.8000 on the chart.
Sandbox crypto is almost at a big fall, as it meets the resistance level and could dive to new lows from the current price.
The Sandbox price asset is displaying bearishness and falling tendency as it plunges below major trend 20-day and 50-day EMA bands, reliant on the sellers' surge could deteriorate more.
Likewise, the Sandbox price asset is displaying bearish characteristics as MACD is below the zero line at -0.0110 and the RSI is falling smoothly below the median line at 46.15, implying that the Sandbox asset is losing momentum and can achieve new depths in the coming sessions.
At press time, the Sandbox crypto had experienced a 1.31% incline in the last 24 hours to $0.6193.
Therefore, if the Sandbox price fails to stay above the $0.5500 level, it could decline further and reach lower lows.
However, if the demand for the crypto remains high, the Sandbox asset price could bounce back from the current level by surpassing the below trendline. The next goal for Sandbox is to reach $0.7350 and $0.8000.