The Sandbox (SAND) is facing downward pressure as recent hype fails to keep its market activity high. In recent weeks, the project has struggles to attract more than 1,000 active users and price has fallen below $0.65. While The Sandbox team recently announced some upcoming partnerships, it is unclear if this will be enough to draw in users and price appreciation. In addition, further blemishes to the SAND price can be seen from whale selling. While there are potential levels of support around $0.59 and $0.43, these may both be breached if the selling continues. There is an opportunity to break upwards should the Sandbox price exceed $0.71, but that may prove too difficult amidst the current bearish sentiment. In conclusion, SAND's future price performance looks uncertain unless it can find a way to improve user engagement and break out past support levels.
Andrew Watson
- 2023-04-07
The Sandbox Struggles Amidst Bearish Sentiment
The Sandbox cryptocurrency has recently experienced some downward pressure due to lack of user engagement and whale selling. Its future price performance looks uncertain without finding a way to improve user engagement and breakout past support levels.
