Is The Sandbox (SAND) Heading the Right Direction Monday?

Monday, November 21, 2022 07:14 PM | InvestorsObserver Analysts

InvestorsObserver gives The Sandbox an average long-term technical score of 56 from its research. The proprietary scoring system take into account the historical trading patterns from recent months to a year of the token's support and resistance levels, in addition to where it is relative to long-term averages. The analysis helps to determine whether it's a strong buy-and-hold investment opportunity currently for traders. SAND at this time has a superior long-term technical analysis score than 56% of crytpos in circulation. The Long-Term Rank will be most relevant to buy-and-hold type investors who are looking for strong steady growth when allocating their assets. Combining a high long and short-term technical score will also help portfolio managers discover tokens that have bottomed out.

InvestorsObserver is giving The Sandbox a 56 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on The Sandbox!

Trading Analysis

The Sandbox's price is -$0.3300000 (-38.36%) below its 100-day moving average price of $0.870000000 as its price at the moment sits at $0.530000000. Additionally, SAND is $0.0100000 (-1994.18%) higher than its 52-week low price of $0.520000000 while -$7.98000000 (-111.18%) under its 52-week high of $8.510000000. The current trading price in relation to its long-term average along with its 52-week high and low, gives SAND an average long-term technical score of 56. Long-term trading movement of The Sandbox suggest that investors are neutral on the token at the moment. The Sandbox has a total market value of $800,768,017.65 with an average average daily volume of $591,959,033.97 worth of the currency exchanged over a typical 24 hour period. As of the past 24 hours, SAND's volume is below its average with $153,012,663.55 exchanged in total.

Summary

Trading patterns over the last year for The Sandbox leads to the token's an average long-term technical score of 56 as its consistency, volatility, and relation to long-term averages has given investors reason to be neutral on the token. Click Here to get the full Report on The Sandbox (SAND).

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