{"id":360583,"date":"2023-12-27T01:00:31","date_gmt":"2023-12-26T19:30:31","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=360583"},"modified":"2023-12-26T12:39:06","modified_gmt":"2023-12-26T07:09:06","slug":"sand-price-rises-16-in-24-hours-does-its-prediction-have-more-gains","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/sand-price-rises-16-in-24-hours-does-its-prediction-have-more-gains\/","title":{"rendered":"SAND&#8217;s price rises 16% in 24 hours: Does its prediction have more gains?"},"content":{"rendered":"<ul>\n<li><em><span style=\"font-weight: 400;\">Despite a hike in price, selling pressure remained high on SAND.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Whale activity around The Sandbox was high.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The Sandbox [SAND]<\/span><span style=\"font-weight: 400;\"> has showcased an impressive performance in the last 24 hours as its price rallied. If the latest data is to be considered, the uptrend might not stop anytime soon. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, SAND might reach newer highs towards the tail end of 2023.<\/span><\/p>\n<h4><b>The Sandbox investors are enjoying profits\u00a0<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">CoinMarketCap\u2019s<\/span> <a href=\"https:\/\/coinmarketcap.com\/currencies\/the-sandbox\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> revealed that SAND was up by nearly 30% in the last seven days. In the last 24 hours alone, the token\u2019s value went up by 16%. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, SAND was trading at $0.6474 with a market capitalization of over $1.3 billion. Its trading volume also surged by 149%, acting as a foundation for the bull rally. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, AMBCrypto had<\/span> <a href=\"http:\/\/ambcrypto.com\/the-sandbox-is-depressed-should-you-buy-sand\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">reported<\/span><\/a><span style=\"font-weight: 400;\"> earlier that SAND was in a \u2018depression\u2019 state. Generally, the depression phase in the market comes around the end of a bear market.\u00a0<\/span><\/p>\n<h4><b>SAND to reach new highs?<\/b><\/h4>\n<p><span style=\"font-weight: 400;\">Things can get even better for The Sandbox, if the latest data is to be believed. Ali, a popular crypto analyst, recently posted a tweet highlighting that SAND presented a bullish opportunity above $0.55. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Also, it doesn\u2019t have any key resistance zones in the near term.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/TheSandbox?src=hash&amp;ref_src=twsrc%5Etfw\">#TheSandbox<\/a> above $0.55 presents a bullish opportunity! With a clear path ahead and no major resistance, <a href=\"https:\/\/twitter.com\/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$SAND<\/a> could aim higher.<\/p>\n<p>The next critical resistance wall is between $0.90 and $1.35, where 23,000 addresses hold 447 million <a href=\"https:\/\/twitter.com\/hashtag\/SAND?src=hash&amp;ref_src=twsrc%5Etfw\">#SAND<\/a>. <a href=\"https:\/\/t.co\/7vdS98DFTG\">pic.twitter.com\/7vdS98DFTG<\/a><\/p>\n<p>&mdash; Ali Charts (@alicharts) <a href=\"https:\/\/twitter.com\/alicharts\/status\/1739274488967991638?ref_src=twsrc%5Etfw\">December 25, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto&#8217;s analysis also reported similar findings. According to Hyblock, SAND witnessed high liquidations near the $0.53 mark, which acted as a support level. Moreover, no crucial resistance levels were noted before the $1 mark.<\/span><\/p>\n<figure id=\"attachment_360585\" aria-describedby=\"caption-attachment-360585\" style=\"width: 1482px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6.png\"><img decoding=\"async\" class=\"wp-image-360585 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6.png\" alt=\"\" width=\"1482\" height=\"736\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6.png 1482w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6-300x149.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6-1024x509.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/newplot-1-6-768x381.png 768w\" sizes=\"(max-width: 1482px) 100vw, 1482px\" \/><\/a><figcaption id=\"caption-attachment-360585\" class=\"wp-caption-text\">Source: Hyblock Capital<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Though SAND\u2019s daily and weekly charts were green, selling pressure remained high at press time. As per CryptoQuant\u2019s<\/span> <a href=\"https:\/\/cryptoquant.com\/asset\/sand\/summary\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\">, SAND\u2019s exchange reserve was increasing, which suggested high selling pressure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">AMBCrypto then took a look at Santiment&#8217;s data, which showed that <\/span><span style=\"font-weight: 400;\">SAND\u2019s Supply on Exchanges had increased sharply in the recent past, while its Supply outside of Exchanges dropped. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Nonetheless, whale activity around the token remained high. Their confidence in<\/span> <a href=\"http:\/\/ambcrypto.com\/sandbox-holders-leave-nothing-to-chance-as-they-distribute-tokens-ahead-of-unlock\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SAND<\/span><\/a><span style=\"font-weight: 400;\"> was up, as evident from the rise in the supply held by top addresses.<\/span><\/p>\n<figure id=\"attachment_360586\" aria-describedby=\"caption-attachment-360586\" style=\"width: 3840px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023.png\"><img decoding=\"async\" class=\"wp-image-360586 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023.png\" alt=\"\" width=\"3840\" height=\"1300\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023.png 2560w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023-300x102.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023-1024x347.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023-768x260.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023-1536x520.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/The-Sandbox-SAND-11.05.25-26-Dec-2023-2048x693.png 2048w\" sizes=\"(max-width: 3840px) 100vw, 3840px\" \/><\/a><figcaption id=\"caption-attachment-360586\" class=\"wp-caption-text\">Source: Santiment<\/figcaption><\/figure>\n<hr \/>\n<p style=\"text-align: center;\"><span style=\"font-weight: 400;\">Realistic or not, here&#8217;s<\/span> <a href=\"http:\/\/ambcrypto.com\/calculator\/marketcap\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">SAND market cap in BTC&#8217;s terms<\/span><\/a><span style=\"font-weight: 400;\">\u00a0\u00a0<\/span><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">To understand whether the uptrend would continue, AMBCrypto took a look at SAND\u2019s daily chart. As per our analysis, The token\u2019s Relative Strength Index (RSI) entered the overbought zone \u2014 a sign of increased selling pressure. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Its Chaikin Money Flow (CMF) also took a slight sideways path, possibly causing a few slow-moving days. However, the MACD remained in the buyers\u2019 favor, as it displayed a clear bullish advantage in the market.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<figure id=\"attachment_360587\" aria-describedby=\"caption-attachment-360587\" style=\"width: 1564px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51.png\"><img decoding=\"async\" class=\"wp-image-360587 size-full\" src=\"http:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51.png\" alt=\"\" width=\"1564\" height=\"791\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51.png 1564w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51-300x152.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51-1024x518.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51-768x388.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2023\/12\/SANDUSD_2023-12-26_11-10-51-1536x777.png 1536w\" sizes=\"(max-width: 1564px) 100vw, 1564px\" \/><\/a><figcaption id=\"caption-attachment-360587\" class=\"wp-caption-text\">Source: TradingView<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>SAND can continue its bull run with ease, as it will not face any key resistance levels soon.\u00a0<\/p>\n","protected":false},"author":75,"featured_media":360588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[],"class_list":["post-360583","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SAND&#039;s price rises 16% in 24 hours: Does its prediction have more gains? 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