Bearish Crossover Warns of Turnaround In SAND as Bullish Power Erodes
- Analysis reveals bulls have reigned the SAND market most of the day.
- Indicators caution traders to beware of a reversal in the near term.
- Bullish power soars SAND price to an intra-day high of $0.7658.
Bullishness reigns supreme in The Sandbox (SAND) market, with bulls’ dominance causing the price to fluctuate between an intraday high and low of $0.7462 and $0.7658. However, an optimistic mood prevailed at press time, and SAND was valued at $0.753, representing a 0.64% growth.
During the upswing, market capitalization increased by 0.69% to $1,129,231,812, while 24-hour trading volume decreased by 30.64% to $163,109,444. Despite a drop in trading volume, the optimistic feeling has steadily increased SAND’s market capitalization, resulting in a more significant investment rate. This rise in investment is tied to the Sandbox market’s general positive sentiment, as investors are confident that the current trend will continue.
The MACD blue line swings in the negative zone with a value of -0.00475807 on the SAND price chart, reflecting a bearish pattern. This move casts doubt on the SAND token’s bullishness…
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