Bulls in SAND Market Aim for Breakout; Drives Up Prices by 20%+ By CoinEdition

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Bulls in SAND Market Aim for Breakout; Drives Up Prices by 20%+

Published Feb 08, 2023 02:32AM ET Updated Feb 08, 2023 03:00AM ET

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Bulls in SAND Market Aim for Breakout; Drives Up Prices by 20%+

SAND/USD

+2.06%

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In the previous 24 hours, bullish persistence has sent the SAND price to a new 90-day high.

SAND’s price has varied between $0.7103 and $0.9365 in the last 24 hours.

Bulls must break the present resistance to achieve new highs.

After finding support at $0.7103, bullish pressure on the Sandbox (SAND) market has been rising gradually. Thanks to the perseverance of the bulls, the price of SAND has increased to $0.9365, a new 90-day high in the previous 24 hours. At the time of publication, the bullish momentum has sent SAND’s price up to $0.8885, a 24.19% increase.

The market cap has climbed by 24.13 % to $1,332,244,643, and the 24-hour trading volume soared by 426.21 % to $804,402,999, possibly due to the heightened interest in the market and expectations of a sustained bull run.

SAND/USD 24-hour price chart (source: CoinMarketCap)

As shown on the 4-hour price chart, the MACD line has soared over its signal line at 0.02493918, indicating strong upward momentum in the market and lending credence to this optimistic view. The high positive MACD reading is a bullish indicator since it suggests that purchasing pressure will intensify soon. In addition, the MACD…

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Bulls in SAND Market Aim for Breakout; Drives Up Prices by 20%+

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