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Sandboxusdt

Is There Hope for Sandbox ($SAND) or Is The Gameverse Dead?The Decline of NYSE:SAND : A Look at Its Current State Once a shining star in the play-to-earn (P2E) gaming and NFT ecosystem, Sandbox ( NYSE:SAND ) has seen a staggering decline from its all-time high of $8.44 to a mere $0.34 at the time of writing. This sharp drop has left investors and gamers questioning the future of metaverse gaming and the sustainability of blockchain-based virtual worlds. Despite recent hype around Web3 gaming and metaverse adoption, the broader NFT and P2E sectors have remained relatively muted, contributing to NYSE:SAND ’s price drop. However, does this spell the end for The Sandbox, or is a reversal on the horizon? Technical Analysis The Relative Strength Index (RSI) currently sits at 23, indicating that NYSE:SAND is in heavily oversold territory. Typically, an RSI below 30 suggests that an asset is due for a rebound, as selling pressure diminishes. The daily chart is forming a rising wedge pattern, which is a traditionally bearish formation. If the pattern holds, further declines could be expected. However, the $0.39 pivot zone is a critical resistance level. Should NYSE:SAND manage to break above this level, it could spark a campaign towards the $1 mark, a move that would be monumental for the token. Currently, NYSE:SAND is down 7.27% on the day, with a 14% decline over the last 24 hours. The lack of bullish momentum suggests that investors remain hesitant about a potential comeback. However, if volume spikes and momentum shifts, a short-term recovery could be on the table. Market Data & Sentiment - Current Price: $0.3487 - 24-Hour Trading Volume: $113.85 million - Market Cap: $859.36 million - Circulating Supply: 2.46 billion NYSE:SAND Despite the downturn, The Sandbox maintains a top-100 ranking in the crypto market, proving that it still holds relevance. The challenge now is for the platform to reignite user interest and expand beyond its current stagnation. The Road Ahead: Dead or Dormant? While the NFT and metaverse hype has faded, it doesn’t necessarily mean the sector is dead. Innovation, adoption, and strategic partnerships could breathe life back into NYSE:SAND and other metaverse tokens.
Long
by DEXWireNews
2
#SAND/USDT#SAND The price is moving in a bearish channel on the 12-hour frame, and it adheres to it well, and the price rebounded from the green zone After rebounding from a significant decline, it is expected that the downward gap will be filled We have a tendency to stabilize above the Moving Average 100 We have a downtrend on the RSI indicator that is expected to break higher to support the rise Entry price is 0.4430 The first target is 0.5300 The second target is 0.6094 The third goal is 0.7113
Long
by CryptoAnalystSignal
1
The Sandbox Launches 100M SAND Game Maker FundThe Sandbox recently hosted its first-ever Global Creators Day in Hong Kong, making significant announcements that promise to reshape the landscape of user-generated content (UGC). The platform revealed plans for open publishing and introduced the impressive 100M SAND Game Maker Fund, signaling a bold move to empower creators within its ecosystem. In a strategic move to further bolster its commitment to creators, The Sandbox unveiled the 100M SAND Game Maker Fund. This substantial fund is dedicated to supporting innovative projects within the platform’s ecosystem. Creators can apply for funding to bring their visions to life, marking a significant step towards a more collaborative and dynamic metaverse. The Sandbox’s native cryptocurrency, the SAND token, will play a pivotal role in the new initiatives. Creators will be able to utilize SAND tokens for transactions within the platform, adding a layer of decentralization and security to the creator economy. This integration aims to provide creators with a fair and transparent way to monetize their creations. One of the major highlights of The Sandbox’s Global Creators Day was the announcement of open publishing. This new feature aims to provide creators with a more streamlined and accessible way to share their content with the world. By enabling open publishing, The Sandbox is fostering an environment where creativity knows no bounds, allowing a diverse range of creators to showcase their talents on a global scale.
CRYPTO:SANDUSDLong
by DEXWireNews
Theta coin formed a bullish Gartley | A good buy opportunityHi dear friends, hope you are well and welcome to the new trade setup of The Sandbox (SAND). Previously I shared a long-term trade setup for SAND, which is still in play as below: Now on a 4-hry time frame, SAND with BTC pair has formed a bullish Gartley pattern for another pump soon. Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade
Long
by moon333
The Sandbox SANDUSDT price has a chance to form "Inverted H & S"It is very likely that the SAND token price of the once quite popular The Sandbox project is now close to the low of this protracted downtrend. Looking at the global chart of SANDUSDT, it is safe to say that the price range of $0.38 - $0.45 is a tasty zone for placing buy orders with a grid. Of course, if you believe in this project and see future prospects in it and in the gaming crypto world in general. The first target for the possible growth of the SANDUSD price is $1-1.20 (x3-x4 growth) In the longer term, if and when the crypto market comes to life, we can think about the SAND price in the range of $2.50-3.50. It is in this liquidity zone that the target of the probable "Inverted Head and Shoulders" pattern falls. More precisely, the final growth target can be calculated when the formation of this pattern is finally confirmed. Then we will update the idea of SANDUSDT with more specific targets for the final growth. _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
Long
by P_S_trade
41
SAND/USDT - LONG----- Welcome, dear followers! ----- - Here is my trading methodology. I trade with a normal system and analysis of resistance and support, as well as price reversal patterns. - For the record, I do not place a stop loss within my trades. So that I only risk 1.5% of my total capital in order to support the loss due to a price reversal against me. - If a price reversed against my expectation and touched the drawn line r3, then I transferred targets to the entry point and waited for the price to close at it with a loss equal to almost zero. - Today's deal is shown in the chart, and here are the entry and exit points below. -- Support me with numbers and follow up on my account for other deals in the future. Thank you for coming to this part. -- ------------------------------------------------------- ⚡️⚡️ SAND/USDT ⚡️⚡️ Exchange: ByBit USDT Trade Type: Breakout (Long) Leverage: Cross (3.0X) Entry Orders: 1) 0.8519 - 100.0% Take-Profit Orders: 1) 0.8792 - 60.0% 2) 0.9017 - 30.0% 3) 0.9353 - 10.0% Trailing Configuration: Stop: Breakeven - Trigger: Target (1)
Long
by Mahdicryptodotma-pro
SANDUSDT 1D Is it time to play in The Sandbox again?)During the strong fall of the crypto market in May-June 2022, the SANDUSDT price reached a liquidity level around $0.70 Around this level that the liquidity position was gathered in October 2021 before the upcoming 1100% upward pumping. In June 2022, the rebound from the bottom was +84%, but the price of SANDUSD, despite two attempts, at this moment could not get a foothold in the upper part of the downtrend channel. The message of this idea is simple: if you believe that game tokens still have a future in the crypto market, then The Sandbox is worth your attention. At least on the chart we see activity and the struggle of buyers and sellers. Ideally, wait for the Sand price to fix above $1.10-1.20. The first target from above is $2 Large positions will begin to sell off no faster than in the liquid zone of $2.50-3.50 _______________________________ Since 2016, we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
by P_S_trade
52