Crypto Technical Analysis

The Sandbox(SAND)/USDT Technical Analysis: 11 December 2021

The Sandbox(SAND)/USDT Technical Analysis at a Glance

The Sandbox cryptocurrency remains bearish & the attempts of every rebound are currently going in vain. As the entire crypto space has yet again shifted its focus on Bitcoin, a change in BTC price may impact the altcoins. Therefore, it appears that the current narrow trend could continue for some more time before the Sandbox crypto price chooses the upcoming trend. Additionally, the possibilities of an uptrend do not remain distinct completely. Yet the market trends should flip a little so that the SAND crypto price surpasses some crucial levels to resume with the bull run.

Short-Term The price is expected to continue with the narrow trend and no notable change may occur until there is an increase in the trading volume.
Mid-Term A similar trend can be analyzed for mid-term as the buying & selling both remain cemented to the bottom
Long-Term A little sigh of relief in the long-term as the selling pressure has eased just now and hence a flip may be fast approaching but not in the next couple of days.

Sandbox(SAND) Technical Indicators

The SAND token traded above the crucial levels for a long time finding strong support. However, it initiated the December trade on a bearish note and quickly plunged below the support flipping it into the resistance. And ever since then the asset has attempted to regain the positions above the resistance levels but failed. Moreover, the Sandbox crypto price is drowning close to the lower support levels. 

Bollinger Bands

Bollinger bands in the short-term are squeezing amid the drowning volatility and hence the asset took a steep divergence while the direction remains misty. However, in the long term, the price has dropped from the upper bands towards the lower ones. Hence manifesting a bearish trend. 

MACD

The asset is attempting to flip the bearish trend as the MACD displays the accumulation of the buying pressure in the short term. However, in the long term, the MACD is extremely bearish as both the MACD & signal lines are plunging heavily with a huge selling volume accumulated. 

Relative Strength Index(RSI)

The RSI since the beginning of the present trading month has maintained average levels, without visiting the overbought or oversold levels in the short-term. The consolidation is expected to continue throughout the weekend and may break through to range towards the north. The long-term Sandbox price prediction is bearish as the RSI is shooting to the lower levels. 

Moving Average(MA)

The SAND crypto coin in the long term is bullish as the price is trading much above the 200 & 100-day MA levels. However, in the short-term, the asset is attempting to smash the 100-day MA levels which acts as a resistance initially, while the 200-day MA remains crucial zones to barge through to flip from the bearish trend. 

The Sandbox(SAND) Price Analysis for the Week

The Sandbox token price initiated the weekly trade on a bearish note by declining the price by more than 22%. No doubt it attempted to recover and slice through the crucial resistance zone, but failed and followed a notable downtrend. Currently, the price is yet again consolidating just above the crucial support levels which are mandatory to prevent further loss.

Source: Tradingview Date: 11-12-2021 Time: 03:15pm

  • Despite the bearish divergence, the SandBox price is swinging along the uptrend line and always flips on a contact
  • SAND token price is trending within an asymmetric triangle and yet to reach the apex. Therefore the consolidation may continue through the weekend before breaking through the pattern to range high
  • The price appears to have halted drowning towards the south and consolidating to accumulate some strength to pull the next leg up
  • The crucial resistance levels reside in between $5.5 to $5.7 and hence breaking through these levels may only validate with the uptrend.

Additional Read: Sandbox Price Prediction

Sandbox(SAND)/USDT Price Analysis for Today: 11 December 2021

The Sandbox price in the last trading day appears to have been in a pretty good position. However, the price tanked notably during the second half which eventually dragged the price below $5. The SAND price today stands at $4.99 with a drop of nearly 1.94% compared to the last trading day. The trading volume also stands depleted by 32% as the buyers remain aloof. 

Where to buy Sandbox(SAND) 

The Sandbox cryptocurrency successfully gained huge user attention during the recent rally. Yet many platforms had already listed the SAND crypto much before the spike. However, if you are interested in buying Sandbox crypto without any tedious process, CoinDCX is the best-suited option. 

CoinDCX is India’s most trusted cryptocurrency exchange where buying SAND crypto and many others happen with a single touch. Trading on CoinDCX is pretty easy, stress-free, and also less expensive. So download the CoinDCX app and register following a few simple steps and start trading instantly. 


Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


 

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