As Bitcoin price achieves its milestone price of $100,000 today, the cryptocurrency market has hit a new ATH. Following this, the altcoin market has recorded a significant uptrend with gaming tokens bagging the highest gains. Moreover, the SAND token has claimed the position of the daily top gainer.
With this altcoin achieving a new 22-month high and surpassing the $1 mark, will it maintain its price rally and head toward its 29-month high of $1.50 this month? Read CoinPedia’s Sandbox (SAND) Price Analysis now!
The Sandbox price added 12.67% to its portfolio in 24 hours with a trading volume of $3.977 billion, a change of +120.34%. Moreover, it has surged 55.35% in seven days and 300.47% in the last 30 days.
The EMA 50/200-day displays a Golden Cross in the daily time frame. Moreover, with a significant uptrend in the SAND price chart, this suggests an increase in the buying pressure for the altcoin in the crypto market.
The Relative Strength Index (RSI) has successfully retested its overbought range and displayed a sharp rise. With its average constantly acting as a support, the Sandbox price may continue gaining value in the upcoming time.
Maintaining the price above its support level of $0.90 will set the stage for this altcoin to retest its resistance level of $1.07. Furthermore, if the bulls gain momentum at that point, this could push the Sandbox price toward its upper high of $1.250.
However, if a bearish reversal occurs, this could result in this altcoin retesting its support level of $0.90. If the bulls fail to hold momentum at that point, this could result in it plunging toward its lower support level of $0.720 this month.
What’s next for the SAND price as it reclaims the $1 mark, Read CoinPedia’s Sandbox Price Prediction. Also, subscribe to stay updated on the latest crypto-related news!
With an intraday surge of ~15%, the SAND crypto token retested its psychological barrier of $1 during the early Asian hours today.
The ATH of the Sandbox token is $8.44 and was recorded on 25th November 2021.
This altcoin is currently exchanging hands at $0.9320 and has a market capitalization of $2.26 billion.
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