The Sandbox (SAND), one of the leading coins of the Metaverse space, may start a new trend with its upward movements.
SAND, one of the first coins that comes to mind when Metaverse is mentioned, has attracted attention with its recent volume increase. The popular coin, which maintains its main upward direction despite intermediate corrections, has increased by nearly 70 percent in the last 45 days. Metaverse projects, which have not yet shown the expected performance compared to other altcoins, may be triggered by a possible sharp increase in SAND.
So how are things going on the technical analysis side of SAND? Which levels are critical to monitor?
SAND’s steady increase may motivate Metaverse enthusiasts!
SAND, which has increased nearly 70 percent in just 45 days, can bring back the Metaverse craze if it maintains its volume and stable price movement. With increased interest in the Metaverse sector, if BTC settles above $42,500 or SAND breaks $0.4790 with volume, a move to $0.5009 – 0.5403 – 0.5954 – 0.6528 and $0.7156 may occur, respectively. In this process, news from the Metaverse world will play a major role as well as technical analysis.
Situations such as Metaverse not catching the expected interest, BTC correcting to $ 40,000 or SAND falling below $ 0.442 will naturally increase the selling pressure on the parity. In such a scenario, a pullback to $0.4074 could be followed first. If buyers cannot provide the necessary support, the decline may deepen to $0.3623 and $0.335, respectively.
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