The Sandbox (SAND), a pioneer in the world of digital real estate and gaming on the blockchain, is the core of this article. This article contains an analysis from our premium environment with a price forecast for SAND for the coming period.
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Solana (SOL) price may rise again after reaching this support zone
Technical analysis of Sandbox price (SAND).
The sandbox shows a complex price movement, but Crypto Insiders analysts still manage to identify an important pattern. They recently told the Premium Environment the following:
“In our previous analysis for SAND, we noted that a new low has formed. It appears that the downward wave has now ended and we expect further upward movement.
Although we have observed an Elliott Wave pattern moving down from 12345, it is interesting to note that it has not quite reached our blue zone yet. Nevertheless, we now expect an increase, followed by a decline to a new low.
This means that while we expect an increase in the short term, we continue to see a downward trend in the medium term.”
Date of analysis: January 28th. Link to trading view:
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