SAND BTC The Sandbox Technical Analysis

The Sandbox logo In this The Sandbox technical analysis, we will examine the current price action, trading volume, key levels and indicators for SAND-BTC. The Sandbox (SAND) is a decentralized gaming platform that utilizes blockchain technology to create a unique and immersive gaming experience for users. Through its innovative use of smart contracts, The Sandbox allows gamers to truly own and control their in-game assets, creating a more engaging and rewarding experience. With its focus on user-generated content and decentralized governance, The Sandbox is poised to revolutionize the gaming industry as we know it.

The Sandbox Price Overview:

As of October 02, 2023, The Sandbox is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for SAND-BTC:

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 1,753,676.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): The Sandbox reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for SAND-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, The Sandbox is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -4.94%
3D Change (%) -6.16%
7D Change (%) -3.94%
30D Change (%) -6.88%
90D Change (%) -23.14%
YTD Change (%) -52.66%

Over the past three days, SANDBTC has decreased by approximately -6.16%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -3.94%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with SANDBTC maintaining a downward trend of approximately -6.88%, despite intermittent fluctuations. Examining the last 90 days, SANDBTC has witnessed substantial drop of approximately -23.14%, reflecting strong long-term confidence. Year-to-date, SANDBTC has steadily dropped by around -52.66%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

The Sandbox Live Chart:

You can access a live price chart for SAND-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.27959.
  • Momentum score is -0.06882.

SAND BTC Technical Analysis

The Sandbox Trading Volume:

The trading volume for The Sandbox (SAND) over the past 24 hours has been significant, with approximately 1,753,676.00 BTC traded against SAND. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): SAND is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): The Sandbox is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for SAND-BTC is currently in the low zone, around 37.71239. This suggests that The Sandbox is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

The Sandbox (SAND-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.