The Sandbox Extends Its Upside Rebound - learn2trade
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The Sandbox (SAND) Extends Its Upside Rebound

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Azeez Mustapha

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The broader crypto market appears to be gradually edging toward a recovery. However, price action of the Sandbox token remains below key technical levels that would confirm a stronger bullish reversal. Below is a closer look at the SAND market.

SAND Statistics

Current Price: $0.0922

Market Capitalization: $241.99M

Circulating Supply: 2.66B

Total Supply: 3B

CoinMarketCap Rank: 124

Key Levels

Resistance: $0.0950, $0.1000, $0.1050

Support: $0.0900, $0.0850, $0.0800

The Sandbox (SAND) Extends Its Upside Rebound

The Sandbox Stays Higher for the Second Consecutive Session

The SAND/USDT market initiated an upward rebound in the previous session, and this recovery has continued into the current session. Nevertheless, price action remains below the 9-day Exponential Moving Average (EMA).

The Sandbox Keeps a Dominant Stand Globally

The Winter Games have officially kicked off. The Sandbox makes its grand entrance, taking center stage in the global arena.

How many podium finishes will The Sandbox secure this season?

The Sandbox Stays Higher for the Second Consecutive Session ( Continued)

The ongoing session remains bullish and, so far, has not formed an upper shadow. Meanwhile, the Stochastic Relative Strength Index (SRSI) lines are rising from the oversold region, suggesting that the current rebound retains its strength.

The Sandbox Stays Higher for the Second Consecutive Session

SAND Appears Firm Above the 9-Day EMA

In the short term, the Sandbox market has edged above the 9-day EMA curve. The current session’s price candle has a long body and is positioned above the 9-day EMA.

Can $SAND Hit an All-Time High Again?

The Sandbox token is experiencing a sharp increase in trading volume, signaling growing bullish sentiment around the asset. The market is expanding and performing well, with price action currently trading around the $0.15 level.

SAND Appears Firm Above the 9-Day EMA (Continued)

At the same time, the SRSI lines continue to edge slightly higher after exiting the oversold region. However, the indicator lines are beginning to flatten, signaling a slowdown in bullish momentum. Despite this, the market may still have a chance to test the $0.1000 resistance level if price successfully rebounds off the 9-day EMA.

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