The Sandbox (SAND) is entering the final phase before the price reversal

The Sandbox (SAND), a leading platform in the virtual world, is in the spotlight today. We examine the price prediction for SAND with analysis from our premium environment.

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Sandbox Technical Analysis (SAND)

SAND has seen a significant decline and Crypto Insiders analysts have found an interesting zone. They recently announced the following in the Premium environment:

“We see that SAND price is now facing key resistance in a zone we call the ‘golden pocket’. This area is between 50% and 61.8% of the Fibonacci level, between $0.466 and $0.478.

At the moment, SAND does not seem to want to move up any further immediately. We are now in the phase that resembles the fifth and final wave of a standard 5-wave pattern. This suggests that we have reached the end of this movement. We expect this latest wave to end in the blue zone between the 161.8% and 127.2% Fibonacci levels, a range between $0.36 and $0.40.

From this point on we expect a reversal and a return to an uptrend. Until then, we remain cautious and tend to be pessimistic.”

Date of analysis: February 12th. Link to trading view:

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

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