In this The Sandbox (SAND) price prediction 2023, 2024-2030, we will analyze the price patterns of SAND by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
The SandBox (SAND) Current Market Status
SAND Current Market Status (Source: CoinMarketCap) What is The Sandbox (SAND) The SandBox (SAND) is one of the popular play-to-earn (P2E) gaming tokens in the metaverse arena.The SandBox is a blockchain-based 3D metaverse game and SAND is its native token.SAND was launched as an ERC-20 token in 2011.
SAND has a wide range of use cases within The SandBox game.Primarily, SAND serves as the entry pass for users to enter the game and facilitates transactions on the platform.
Later on, they can use the token to customize their game avatars and buy LAND on the metaverse.Moreover, it is also deployed in trading in-game assets on The Sandbox marketplace.It grants voting rights to its holders through its native DAO.Users can also stake SAND tokens to earn rewards.
The SandBox continues to aid the process of decentralizing mainstream gaming.
Major real-world entities have become setting their foot into The SandBox metaverse.
The Sandbox 24H Technicals (Source: TradingView )
The Sandbox (SAND) Price Prediction 2023 The Sandbox (SAND) ranks 56th on CoinMarketCap in terms of its market capitalization.The overview of the The Sandbox price prediction for 2023 is explained below with a daily time frame.
SAND/USDT Rounding Bottom Pattern (Source: TradingView )
In the above chart, The Sandbox (SAND) laid out a Descending Channel.Descending Channel also known as the falling channel.A descending channel is formed by two parallel trendlines.The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards.This pattern is characteristic of a bearish market.
At the time of analysis, the price of The Sandbox (SAND) was recorded at $0.6385.
If the pattern trend continues, then the price of SAND might reach the resistance levels of $0.6317, and $1.4554.
If the trend reverses, then the price of SAND may fall to the support of $0.2760.
The Sandbox (SAND) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of The Sandbox (SAND) in 2023.
SAND/USDT Resistance and Support Levels (Source: TradingView )
From the above chart, we can analyze and identify the following as resistance and support levels of The Sandbox (SAND) for 2023.
SAND Resistance & Support Levels
The Sandbox (SAND) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (SAND) are shown in the chart below.
SAND/USDT RVOL, MA, RSI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the current The Sandbox (SAND) market in 2023.
The Sandbox (SAND) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of The Sandbox (SAND) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
SAND/USDT ADX, RVI (Source: TradingView )
From the readings on the chart above, we can make the following inferences regarding the price momentum of The Sandbox (SAND).
Comparison of SAND with BTC, ETH Let us now compare the price movements of The Sandbox (SAND) with that of Bitcoin (BTC), and Ethereum (ETH).
BTC Vs ETH Vs SAND Price Comparison (Source: TradingView )
From the above chart, we can interpret that the price action of SAND is similar to that of BTC and ETH.
That is, when the price of BTC and ETH increases or decreases, the price of SAND also increases or decreases respectively.
The Sandbox (SAND) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of The Sandbox (SAND) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030.
Conclusion If The Sandbox (SAND) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency.In conclusion, the bullish The Sandbox (SAND) price prediction for 2023 is $0.8505.Comparatively, if unfavorable sentiment is triggered, the bearish The Sandbox (SAND) price prediction for 2023 is $0.3769.
If the market momentum and investors’ sentiment positively elevates, then The Sandbox (SAND) might hit $1.Furthermore, with future upgrades and advancements in the The Sandbox ecosystem, SAND might surpass its current all-time high (ATH) of $8.44.and mark its new ATH.
This content was originally published by our partners at The News Crypto .
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