The Sandbox is Predicted to Drop to $0.457167 By May 22, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

• The Sandbox is up 3.95% today against the US Dollar
• SAND/BTC increased by 5.45% today
• SAND/ETH increased by 4.89% today
• The Sandbox is currently trading 14.99% above our prediction on May 22, 2023
• The Sandbox dropped -23.30% in the last month and is down -61.41% since 1 year ago

SAND price is expected to drop by -12.81% in the next 5 days according to our The Sandbox price prediction

is trading at $ 0.525699 after gaining 3.95% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.36% in the same time period. SAND performed well against BTC today and recorded a 5.45% gain against the world’s largest cryptocurrency.

According to our The Sandbox price prediction, SAND is expected to reach a price of $ 0.457167 by May 22, 2023. This would represent a -12.81% price decrease for SAND in the next 5 days.

SAND Price Prediction Chart

Buy/Sell The Sandbox

What has been going on with The Sandbox in the last 30 days

The Sandbox has been displaying a negative trend recently, as the coin lost -23.30% in the last 30-days. The medium-term trend for The Sandbox has been bearish, with SAND dropping by -32.55% in the last 3 months. The long-term picture for The Sandbox has been negative, as SAND is currently displaying a -61.41% 1-year price change. On this day last year, SAND was trading at $ 1.36.

The Sandbox reached its all-time high price on Nov 25, 2021, when the price of SAND peaked at $ 8.42. The current SAND cycle high is $ 0.937732, while the cycle low is at $ 0.375880. SAND has been displaying low volatility recently – the 1-month volatility of the coin is at 9.32. The Sandbox recorded 13 green days in the last 30 days.

The Sandbox technical analysis for today – May 17, 2023

The sentiment in the The Sandbox markets is currently Bearish, and the Fear & Greed index is reading Neutral. The most important support levels to watch are $ 0.501962, $ 0.487052 and $ 0.479597, while $ 0.524326, $ 0.531781 and $ 0.546691 are the key resistance levels.

Bearish sentiment for The Sandbox

14 indicators are currently signaling a bullish prediction for The Sandbox, while 15 indicators are showing a bearish forecast. With 52% of indicators favoring a negative prediction. This results in an overall Bearish sentiment for The Sandbox.

Crypto market is currently experiencing Neutral

Currently, the Fear & Greed index is at 50 (Neutral), which signals that investors have a neutral outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

The Sandbox moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how The Sandbox is positioned in the market right now.

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for The Sandbox is at 39.35, suggesting that SAND is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of The Sandbox over the last 50 days. Currently, The Sandbox is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the SAND closing price for the last 200 days. SAND is now trading above the SMA 200, signaling that the market is currently bullish.

The bottom line about this The Sandbox prediction

After considering the above factors, we can conclude that the current forecast for The Sandbox price prediction is Bearish. SAND would have to decrease by -12.81% to hit our $ 0.457167 target within the next five days. Moving forward, it will be important to monitor the SAND market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term The Sandbox price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.