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The Sandbox Forecast - 25% increase in sight!

 


In our last The Sandbox forecast , we wrote that the price could go down soon. The reason for this was the achievement of a resistance. We expected the Sandbox rate to drop to $2.77. As an end goal, had the $2.77 support not held we would have expected prices around $0.86. However, since this support has held, we are no longer assuming this price target. Instead, the sandbox price could rise by about 25% soon. 

The Sandbox price has broken a resistance trend line for the past few days/weeks, which is why an uptrend could now occur. However, since this trend line was only formed in the last few days, it can only be observed in the subordinate chart, which is why we do not assume that the sandbox will continue the upward trend at a higher level. We are therefore not assuming a new all-time high. Although we expect a short-term upward trend, it is highly unlikely that it will last long. We would expect a new all-time high once the resistance around $5.78 is broken.

The Sandbox price could rise to the support of around $4.44 in the next few days / weeks and thus experience a price increase of around 25%. After that, there are two ways the course could develop. Either the price will bounce there and continue the sideways phase by dropping to the +/- $2.73 support or the Sandbox price will break the $4.44 resistance and rally to the next resistance around $5.77. So far it is not possible to say what will happen. You can ask questions about this at any time in our premium area.

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