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The Sandbox price plunged 15% in the last 24 hours to trade at $0.653 as of 02:13 a.m. EST on trading volume that dropped 61% to $2.3 billion.
Sandbox Price Could Still Soar
The SAND/USD chart exhibits a clear bullish trend in recent weeks, characterized by a sharp upward breakout in the Sandbox price. However, the current retracement indicates profit-taking or a potential pullback after a parabolic move.
According to GeckoTerminal data, the Sandbox price broke above both the 50-day and 200-day Simple Moving Averages (SMAs), a classic bullish signal indicating a shift in momentum.
Moreover, the Relative Strength Index (RSI) is at 71, which has entered the overbought zone (>70), indicating the recent rally might be overextended. Overbought conditions often lead to short-term pullbacks or consolidation phases. If RSI starts to decline toward neutral levels (50), it would suggest waning momentum.
Adding to the general bullish momentum, the Moving Average Convergence Divergence (MACD) blue line crosses above the orange signal line, which represents a bullish crossover.
If the current bullish stance continues, SAND could surge even further above, as the bulls target $1.0.
Meanwhile, if the bears take charge of the price, as a result of the RSI cooling off, the price of Sandbox could plunge, with $0.50 acting as the immediate psychological support zone. The long term critical support zone is within the 200-day SMA at $0.3182.
As the price of Sandbox aims for a bullish rally, many investors are turning to Catslap ($SLAP), a project that went parabolic after debuting just six days ago on the Ethereum network.
Analysts from the renowned YouTube channel 99Bitcoin, with over 709K subscribers, are calling it the next $MOG and predict it could 100X.
Catslap Token – Best Crypto To Buy Now?
The cat-themed Catslap Token has entered the crypto market with a bang, boasting an over 1,710 price surge since launch day amid speculation of a possible Coinbase listing.
Designed to capture the attention of meme enthusiasts and gamers alike, Catslap combines addictive gameplay with crypto innovation through its interactive “Slapometer” feature.
This gamified click-to-slap experience has already begun fostering competition and engagement across its growing community, with more than 7.3 million slaps unleashed across the world.
Getting ready to slap away another 0 pic.twitter.com/113s7mZmQy
— CatSlap (@CatSlapToken) November 25, 2024
With a rumored connection to the creators of other top meme coins, Catslap appears well-positioned to follow the success of top cat-themed meme coins like POPCAT, MEW, and MOG.
It also has a partnership with Best Wallet, a fast-growing crypto wallet that gives it exposure to its vast community, boosting visibility and momentum.
Token holders can also earn passively with the project’s staking mechanism, which offers a 40% annual percentage yield (APY).
You can purchase Slap Token directly from its official website now ahead of a major announcement that’s coming in less than 9 days. Will it be a coveted listing on Coinbase or Binance?
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