SAND Token Is Having A Blast After 12% Surge In One Day

The SAND token is having a blast after a recent 12% surge in one day and the coin was one of the most active cryptocurrencies recently so let's have a closer look at today's latest altcoin news. After reaching a low of $1.13, the SAND/USD pair reached a high of $1.28.

Timeline of The-sandbox

Sandbox (SAND) was one of the most active cryptocurrencies on Thursday, with values increasing by as much as 14 percent. After reaching a low of $1.13 on Wednesday, the SAND/USD pair reached a session high of $1.28 earlier today.

The Sandbox (SAND) Price Prediction – July 6Reading through the current trading operations in the SAND/USD pairing instruments shows the crypto economy increases in featuring [...]

SAND surged by as much as 12% on Wednesday, as prices moved to a ten-day high during the session. The rise comes as crypto markets were mostly in the green, with AVAX also rising over the course of the day. As of writing, the global crypto market cap is nearly 3% higher.

In the last 24 hours, the global cryptocurrency market capitalization registered a 5% uptick as several crypto assets posted gains. Sandbox's native token, SAND, was amongst the leading assets that saw an upward rally in price within this period.

The Sandbox [SAND] had a run-in with the bears and terrified a lot of its investors after it lost the critical and psychological support level of $1. But fortunately, with the market backing the altcoin, SAND managed to reclaim it.

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The SAND price V-top reversal from the $1.27 resistance, questions the credibility of last week's recovery rally. The downfall approaches the immediate support of $1, threatening another breakdown with a 19% loss possibility.

The Sandbox (SAND) price skyrocketed nearly 20% after the metaverse platform integrates with Coinbase Wallet and enabled LAND deployment on Polygon. The SAND price is currently trading at $1.15 on the back of the increasing trading volume and number of users.

Sandbox (SAND) price fails to sustain close to the 50-day EMA resulting in a sharp bearish reversal crossing under the 20-day EMA. The falling prices struggle to sustain above the $1 psychological barrier.

Crypto bulls have been playing with SAND for the last two weeks, leading to a healthy 85% rally from its lowest price level in June. A bearish correction might be imminent due to profit-taking after the rally.