The Sandbox (SAND) Price Surges As it Regains Lost Momentum

The Sandbox (SAND) Price Surges As it Regains Lost Momentum
Top Gainer of the Day: The Sandbox Regains Lost Momentum

  • PwC Hong Kong has bought a LAND site in The Sandbox metaverse.
  • SAND bulls cleared the 38.2 percent Fibonacci barrier.

A quick comeback was evident when Bitcoin reached $51,200, and Ethereum surpassed $4,100. Shiba Inu and The Sandbox broke over their Fibonacci resistance levels. Until then, the bulls will need a long-term rise with significant volume to signal a likely turnaround.

SAND/USDT: Source: TradingView

Since December 5, SAND’s 4-hour chart showed a down-channel in a downward trend. After retaking $6.03 with the current Bull Run, SAND bulls cleared the 38.2 percent Fibonacci barrier.

Sale of Virtual Land

PwC Hong Kong has purchased a LAND site in The Sandbox metaverse, according to The Sandbox, an Animoca Brands company. According to the recent data, in the Sandbox metaverse’s OpenSea NFT marketplace, investors can now purchase LAND for ETH 2.93.

Sebastien Borget, COO of The Sandbox, stated:

“The metaverse is open for business. We welcome PwC Hong Kong to experience how The Sandbox fosters new immersive experiences and ways for brands to connect with customers. It’s an exciting time – and PwC is at the forefront of this emerging frontier. “

The bulls retested the upper channel twice before launching a breakout and established support near the midline for the previous three days. Similar to SHIB, SAND’s advance from the December 20 low was 34 percent. Support at the $5.4-level will be tested if the price breaks below 20-SMA.

The Relative Strength Index (RSI) was at 73 and showed a broad bullish tilt. This conclusion was corroborated by DMI’s study as well. The OBV, on the other hand, remained close to its immediate support and did not show a significant rise.

According to CoinMarketCap, the Sandbox price today is $6.83 USD with a 24-hour trading volume of $2,629,681,860 USD. The Sandbox has been up 8.47% in the last 24 hours.

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