Sandbox Price Prediction for Today, June 1: SAND/USD Heads to the North; Price Hits $0.57 Level

Updated: 03 June 2024

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Sandbox price prediction shows that SAND heads toward the upper boundary of the channel as the coin touches the $0.57 level.

Sandbox Prediction Statistics Data:

Sandbox price now – $0.56
Sandbox market cap – $1 billion
Sandbox circulating supply – 1.8 billion
Sandbox total supply – 3 billion
Sandbox Coinmarketcap ranking – #43

SAND/USD Market

Key Levels:

Resistance levels: $0.70, $0.75, $0.80

Support levels: $0.40, $0.35, $0.30

Sandbox Price Prediction for Today, June 1: SAND/USD Heads to the North as Price Hits $0.57 Level — SANDUSD – Daily Chart

SAND/USD is currently trading at $0.56 after touching the daily high of $0.57 and it is likely to cross above the upper boundary of the channel. However, if the buyers were able to keep the price above the 9-day and 21-day moving averages, the market price could rally toward the upside.

Sandbox Price Prediction: Sandbox Gets Ready for Upward Movement

According to the daily chart, the Sandbox price is moving close to the resistance level of $0.60 as the coin prepares to create an additional gain. The technical indicator Relative Strength Index (14) is also moving to cross above the 60-level with the signal line pointing up to indicate a buy signal.

Nevertheless, if the buyers were able to keep the price above the moving averages, the Sandbox price may cross above the upper boundary of the channel to hit the potential resistance levels of $0.70, $0.75, and $0.80 while crossing below the moving averages may bring the coin to the supports at $0.40, $0.35, and $0.30 respectively.

Against Bitcoin, the Sandbox price is moving to cross above the upper boundary of the channel, and it could swing high above this barrier to locate the resistance level of 2500 SAT and above. Meanwhile, if the market price slides below the 9-day and 21-day moving averages, it could reach the support level of 1700 SAT and below.

However, the technical indicator Relative Strength Index (14) is currently moving above the 60-level as the signal line points to the north to confirm the bullish movement. Moreover, any further bullish movement toward the upside may create additional gains for the coin.

Alternatives to Sandbox

The daily chart reveals that the Sandbox market operation increases in featuring lower highs in a sequential-moving order as the coin spikes above the 9-day and 21-day moving averages. In the event of a deep pullback, the $0.57 level could once more come into play and hold the market. However, the early-bird investors have rushed to snap up $WSM, given that it’s underpinned by the colossal strength of the Wall Street Memes community, which is formed of more than 400,000 “degens” across several social media platforms. Meanwhile, now that the Wall Street Memes team has entered the crypto market, anticipation is already building as it has raised almost $2 million in its presale so far.

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