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$SAND Sandbox price prediction – after a 5000% increase now the descent?

 


The Sandbox course was able to increase by over 5,000% in the last bull market. However, the price has been falling for a few months. The high was around $8.50. Currently the rate is around $3.85. But how could the sandbox course continue in the future? How low will the price sink or is the descent already over? We'll enlighten you!


The Sandbox price is currently in a sideways phase between the $2.73 support and the $4.44 resistance. As Sandbox price is close to the former $4.44 support, we anticipate the price to rally some more in the near future to confirm the $4.44 level as resistance. After that, we expect another drop to around $2.73 to continue the sideways phase.


Since the sandbox price rose extremely and quickly in 2021, supports are far away and could therefore lead to rapid price losses. As flats serve as a continuation pattern, we anticipate the price to break the $2.73 support. After the support is broken, we anticipate the price to drop to circa $0.8646. There is the next support. The Sandbox price could see a bullish reversal as early as $1 as this is a psychological level.

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