The subject of our analysis is the Sandbox (SAND), a virtual world on the Ethereum blockchain.
We dive into the SAND price prediction, supported by insights from our Discord community, where current updates and live streams are regularly shared.
Technical analysis of Sandbox price (SAND).
According to analysts at Crypto Insiders, the sandbox is seeing a remarkably strong recovery. They recently explained this in the Discord environment as follows:
“In our opinion, SAND still looks promising even after a sharp decline. We found that the price fell to key points, namely the 61.8% and 66% Fibonacci levels, which are known for their strong support.
As expected, the price found support here and we are seeing a recovery. At the moment it looks like we are seeing the beginning stages of a 1-2 wave within a larger Elliott wave pattern at 12345, which makes us optimistic about the future direction.
We expect the price to rise to the 161.8% Fibonacci level, which is located at $1.20. That would be an increase of approximately 75% over the current SAND price.”
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Do you need help?
Check out our Discord community for our extensive trading plan with the latest updates. Here you enter a safe place where traders of all levels share their knowledge. Ask experienced analysts and top traders about trading, market trends and crypto topics in a lively community. We also organize weekly live streams and webinars for traders who want to delve deeper into technical analysis.
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.
