SAND Perpetual Futures Contract Trade Ideas — BINANCE:SANDUSD.P — TradingView

Will The Stagnation Of SAND Continue ?The Sandbox has a market cap of $974 Million and is ranked 83rd in the cryptoverse. The overall volume of sand token has observed a surge of 31% in the intraday session. Meanwhile, SAND token price is currently trading near the value of $0.4299 with a drop of 19% in the past one year and 1% in the intraday session. SAND token price is currently trading below the 50 and 100 EMA with a negative crossover in the past. It is trading in the neutral zone below the crucial levels. The upside momentum of token price can see a halt near the value of $0.55. Meanwhile, the support of the asset price can observe a bounceback from $0.3 The RSI of the token price is in the neutral zone at 45 with no slope. The overall sentiment of the MACD and RSI is neutral.

The Sandbox price asset is displaying bearishness 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.

Sand Crypto Can The Sandbox Crypto Continue To Register Gains In April 2024? At press time, The Sandbox crypto was trading close to $0.692, recording a sift intraday gain of 1.28%. The whales holdings noted a significant drop of nearly 3.5% in the last three weeks. The Sandbox crypto got the buyers back after losing in the morning session and is attempting for a recovery. The price took a rebound from the 20 day EMA and surged higher to recover yesterday's losses. Moreover, the SAND crypto noted a sharp selling in Intraday on Wednesday and failed to capitalize the gaining streak of previous five intraday sessions. The SAND price fell nearly 5.3% in Intraday yesterday however could not close below the dynamic support of 20 day EMA. The SAND crypto is up nearly 1.28% after recovering from the morning losses and trades close to 0.692 USD. The trend outlook is positive and the bulls are attempting for a recovery in Intraday. The Sandbox Crypto Volume Analysis The Sandbox chart reveals the relationship between the SAND token's volume and price. While observing the chart closely, it was noted that both asset volume and price dropped in January. That meant a lack of interest and activity in the market for the SAND token. The average volumes were mostly under 150 Million USD and the price was hovering close to 0.45 USD. Moreover, the SAND crypto price and volume surged in February, indicating increased demand and excitement. The trading volume exceeded 200 Million USD and the price rose drastically from 0.45 to 0.8 USD. Looking about the recent data the price and volume both dropped in the last couple of weeks indicating a profit booking. Whale Holdings Saw A Significant Selloff: What’s Next? The above chart illustrates a correlation between the SAND crypto price along with the changes in the supply held by the top addresses. It is important to study the behavior of large wallets or top addresses. It gives an idea about what the top addresses are doing at the moment whether they are buying or selling the crypto. The holdings of top addresses remained almost constant with a mere drop of 0.1% from December 2023 to February 2024 and was maintained at 71.30%. However, a significant selloff was noted in the large wallets in the 1st two weeks of March after the price reached at higher levels. The whale holdings have dropped to 67.8 as of now recording a significant 3.5% drop. The SAND Crypto Technical Outlook At the time of writing, the RSI line was placed slightly higher than the mean line at 54.55 points. Whereas, the SMA line was hovering close to the mean line at 51.47 points. Both the RSI and mean line were hovering higher than the mean line and a bullish crossover was observed on the charts, suggesting a positive outlook in the near term. Also, the EMA study shows that the price took a rebound from the 50 day exponential moving average and jumped higher suggesting a bullish outlook in the short term. Also, the price and the short term EMA are placed higher than the 200 day EMA indicating a strong outlook in the long term as well. The Sandbox Crypto Price Prediction April 2024. On the most bullish observation, The Sandbox crypto could rise to a high of $0.934 by the end of April 2024. On the flip side, the most pessimistic prediction of our analysts is for the price to break below the 50 day EMA at $0.62 level after which the price may fall to $0.55 level. Conclusion. The Sandbox crypto got the support of buyers in Intraday and is up for a recovery. The price bounced back after retracing the 20 day EMA suggests the presence of the buyers at the lower levels. The short term trend as well as the long term trend outlook is positive which may keep the price driving higher. The price prediction shows that the crypto could attain a high of $0.934 by next month. However, a significant selloff of nearly 3.5% was noted in the top addresses which might be a concern for the buyers. Technical levels: Support levels: $0.635 and $0.554 Resistance levels: $0.802 and $0.934 Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

SAND saw increased popularity SAND saw increased popularity on social media in December 2023 and January 2024, but experienced a decline in February. The recent uptick in social volume in late February and March 2024 could positively influence its price. Moreover, there's a rise in development activities for Sandbox, indicating a growing interest in blockchain solutions, which may also affect SAND. SAND had a significant rally, reaching a high of $0.8000 before dropping. It's showing signs of stability around the $0.6500 support level, with bullish indicators from the 20 and 50-day EMA bands. Therefore, if demand increases, SAND could aim for a rebound to $1.00, with immediate resistance at $0.8000. Conversely, if it fails to maintain the $0.6500 level, further declines could occur. This analysis suggests that while SAND is facing some challenges, there is potential for recovery if the positive social and development trends continue.

Sandusd [SAND] Broke Out of Both W and a Triangle Pattern 💎Breakout Confirmation: SAND/USD has successfully broken out from both a W pattern and a triangle pattern, signaling a shift in market dynamics and the potential for an upward price movement. 💎Targeting Higher Levels: With the breakout in place, SAND/USD has the potential to target higher price levels, offering opportunities for profit for those who position themselves strategically. Disclaimer: This is Not Financial Advice ❗️ Trade at Your Own Risk ⚠️

SANDUSD SANDUSD crypto is forming a wedge pattern. Traders keep it under radar.

Sandbox SAND Price Prediction - Day 3 Looking to capitalize on this strong metaverse token for a quick scalp. Not financial advice DYOR.

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SAND Perpetual Futures Contract

SANDUSD.P trade ideas