The SandBox (SAND) Price Prediction — Will SAND Hit $4 Soon?
- Bullish SAND price prediction is $0.9290 to $3.8948.
- The SandBox (SAND) price might also reach $4 soon.
- Bearish SAND price prediction for 2022 is $0.5535.
In The SandBox (SAND) price prediction 2022, we use statistics, price patterns, RSI, RVOL, and other information about SAND to analyze the future movement of the cryptocurrency.
The SandBox (SAND) Current Market Status
According to CoinGecko, the price of The SandBox (SAND) is $0.599 with a 24-hour trading volume of $157,463,963 at the time of writing. However, SAND has increased by nearly 4.6% in the last 24 hours.
Moreover, The SandBox (SAND) has a circulating supply of 1,541,657,026 SAND. Currently, The SandBox (SAND) trades in cryptocurrency exchanges such as Binance, Upbit, OKX, LBank, WhiteBIT, Huobi Global.
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 (SAND) Price Prediction 2022
The SandBox (SAND) holds the 47th position on CoinGecko right now. SAND price prediction 2022 is explained below with a daily time frame.
The falling wedge is a bullish pattern. Together with the rising wedge formation, these two create a powerful pattern that signals a change in the trend direction. The falling wedge pattern occurs when the asset’s price is moving in an overall bullish trend before the price action corrects lower. Within this pullback, two converging trendlines are drawn. One of the main features of the falling wedge pattern is the volume, which decreases as the channel converges.
The most commonly falling wedge pattern occurs in a clean uptrend. The price action trades higher, however, the buyers lose the momentum at one point and the bears take temporary control over the price action.
Currently, The SandBox (SAND) is in the range of $0.599. If the pattern continues, the price of SAND might reach the resistance levels of $0.9626 and $1.4216. If the trend reverses, then the price of SAND may fall to $0.5574.
The SandBox (SAND) Support and Resistance Levels
The chart below shows the support and resistance levels of The SandBox (SAND).
From the above daily time frame, we can clearly interpret the following as the resistance and support levels for The SandBox (SAND).
- Resistance Level 1 – $0.9290
- Resistance Level 2 – $1.4200
- Resistance Level 3 – $2.2897
- Resistance Level 4 – $3.8948
- Support Level – $0.5535
The charts show that The SandBox (SAND) has performed a bullish trend over the past month. If this trend continues, SAND might run along with the bulls overtaking its resistance level at $3.8948.
Accordingly, if the investors turn against crypto, the price of The SandBox (SAND) might plummet to almost $0.5535, a bearish signal.
The SandBox (SAND) Price Prediction 2022 — RVOL, MA, and RSI
The Relative Volume (RVOL) of The SandBox (SAND) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of SAND lies below the cutoff line, indicating weak participants in the current trend.
Also, the Moving Average (MA) of The SandBox (SAND) is shown in the chart above. Notably, The SandBox (SAND) price lies below 50 MA (short-term), so it is downward. Currently, SAND has entered a bearish state. Therefore, there is a possibility of a reversal trend of SAND at any time.
Meanwhile, the relative strength index (RSI) of the SAND is 34.80. This means that The SandBox (SAND) is in a nearly oversold state. However, this means a major price reversal of SAND may occur in the upcoming days. So, traders need to trade carefully.
The SandBox (SAND) Price Prediction 2022 — ADX, RVI
Let us now look at the Average Directional Index (ADX) of The SandBox (SAND). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.
The above chart represents the ADX of The SandBox (SAND). Currently, the ADX of SAND lies in the range of 24.27 and thus, it indicates a weak trend.
The above chart also represents the Relative Volatility Index (RVI) of The SandBox (SAND). RVI measures the constant deviation of price changes over a period of time. The RVI of SAND lies below 50, indicating low volatility. In fact, the RSI of The SandBox (SAND) is at 34.80 thus confirming a potential sell signal.
Comparison of SAND with BTC, ETH
The below chart shows the price comparison between Bitcoin (BTC), Ethereum (ETH), and The SandBox (SAND).
From the above chart, we can interpret that the price changes of ETH and SAND are moving in a similar trend. This indicates that when the price of ETH increases or decreases, the price of SAND also increases or decreases respectively.
The SandBox (SAND) Price Prediction 2023
If the declining price action completely slows down in momentum and the trend reverses, The SandBox (SAND) might probably attain $5 by 2023.
The SandBox (SAND) Price Prediction 2024
With several upgrades in the network, The SandBox (SAND) might enter a bullish trajectory. If the coin grabs the attention of major investors, SAND might rally to hit $7 by 2024.
The SandBox (SAND) Price Prediction 2025
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 3 years, SAND would rally to hit $9
The SandBox (SAND) Price Prediction 2026
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 4 years, SAND would rally to hit $10
The SandBox (SAND) Price Prediction 2027
If The SandBox (SAND) sustains major resistance levels and continues to be recognized as a better investment option among the investors for the next 5 years, SAND would rally to hit $12
The SandBox (SAND) Price Prediction 2028
The SandBox (SAND) holds up a strong stance as a better investment option for the next 6 years amid the trends in the highly-volatile crypto market. By driving significant price rallies, SAND would hit $15 in 2028.
The SandBox (SAND) Price Prediction 2029
If investors flock in and continue to place their bets on The SandBox (SAND), it would witness major spikes. SAND might hit $17 by 2029.
The SandBox (SAND) Price Prediction 2030
With greater advancements in the The SandBox ecosystem, the crypto community might continue to invest in SAND for the next 8 years and drive significant price rallies for the token. Hence, The SandBox (SAND) might hit $20 by 2030.
Conclusion
With continuous improvements in the The SandBox network, we can say that 2022 is a good year for SAND. For this reason, the bullish price prediction of The SandBox (SAND) in 2022 is $3.8948. On the other hand, the bearish price prediction of The SandBox (SAND) price prediction for 2022 is $0.5535.
Furthermore, with the advancements and upgrades to the The SandBox ecosystem, the performance of SAND would help to reach above its current all-time high (ATH) of $8.40 very soon. But, it might also reach $4 if the investors believe that SAND is a good investment in 2022.
FAQ
The SandBox (SAND) is a play-to-earn (P2E) gaming token native to The SandBox, a 3D metaverse game. It was launched as an ERC-20 token in 2011.
The SandBox (SAND) has been listed on many crypto exchanges which include Binance, Upbit, OKX, LBank, WhiteBIT, Huobi Global.
With the ongoing developments and upgrades within The SandBox platform, SAND has a high possibility of reaching its ATH soon.
On November 25,2021 The SandBox (SAND) reached its new all-time high (ATH) of $8.40.
The SandBox (SAND) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of The SandBox in the past few months, SAND is considered a good investment in 2022.
The SandBox (SAND) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then The SandBox (SAND) will hit $4 soon.
The Sandbox (SAND) price is expected to reach $5 by 2023.
The Sandbox (SAND) price is expected to reach $7 by 2024.
The Sandbox (SAND) price is expected to reach $9 by 2025.
The Sandbox (SAND) price is expected to reach $10 by 2026.
Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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Text source: TheNewsCrypto – Blockchain & Cryptocurrency News M
