SAND traders should follow this course of action to avoid losses

The buyers have finally clinched a string of higher troughs for over two weeks for the first time in two months on the 4-hour timeframe. Meanwhile, SAND refrained from high volatility as it hovered near the Point of Control (POC, red) in its high liquidity zone.

Timeline of The-sandbox

The Sandbox(SAND) price was stuck within a symmetrical triangle pattern for nearly two weeks, reflecting uncertainty among the market participants. However, a number of traders buying at discounted prices surged the altcoin higher to result in a bullish breakout of the pattern.

SAND jumps 12% after the latest acquisition by Sandbox of the Uruguayan Tech company Cualit. SAND reacted to the news positively as we can see more today in our latest altcoin news.

Since the Sandbox(SAND) holders lost the $2.5 crucial support, the coin price has witnessed a steady downfall accentuated by a descending trendline. Moreover, several retests to this dynamic resistance indicate the traders are actively responding to its level.

SAND price analysis reveals that the cryptocurrency has been following a partial bearish trend, with the price of SAND/USD moving towards the $1.4 mark. On May 16, 2022, the cost of SAND started to suddenly crash and reached $1.2 but shifted to a positive momentum the next day.

Most of the DeFi tokens in the crypto space earn their value from the function and success of the protocol they stem from. Naturally, any change in the protocol's ecosystem is bound to have a ripple effect on the token as well.

SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.35 mark. On May 16, 2022, the cost of SAND experienced a flash crash and reached $1.28, but it further increased to $1.34, which is the current price.

It has been three weeks since SAND broke out of its wedge pattern with the bears ready to take over. The token just concluded another bearish week by being oversold, before recovering by approximately 38%.

12 May saw massacres across the crypto market, compounded by Terra [LUNA] and TerraUSD [UST] crashing to unimaginable lows. However, 13 May had Bitcoin and Ether seeing recoveries of more than 5% in a day.

SAND price analysis reveals that the cryptocurrency has been following a partial bearish trend, with the price of SAND/USD moving towards the $1.5 mark. On May 12, 2022, the cost of SAND started to suddenly crash and reached $0.9 but shifted to a positive momentum the next day.

SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.2 mark. On May 12, 2022, the cost of SAND experienced a flash crash and reached $1.16, and it further decreased to $1.1, which is the current price.