Is The Sandbox (SAND) Trending Lower or Higher Tuesday?

Tuesday, February 07, 2023 01:37 PM | InvestorsObserver Analysts

The Sandbox receives a strong long-term technical score of 76 from InvestorsObserver's research based on historical trading patterns. The proprietary scoring system weighs price movement from recent months to a year, analyzes the token's support and resistance levels, and where it is relative to long-term averages to determine whether it's a strong buy-and-hold investment opportunity. SAND currently holds a superior long-term technical analysis score than 76% of cryptos in circulation. This ranking metric is most useful to buy-and-hold type investors looking for strong steady growth when allocating their assets. tokens with a high long and short-term technical score can help indicate assets that have bottomed out, providing investors a chance to 'buy the dip'.

InvestorsObserver is giving The Sandbox a 76 Long-Term Technical Rank. Find out what this means to you and get the rest of the rankings on The Sandbox!

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Trading Analysis

SAND is currently $0.1200000 (19.14%) above its 100-day moving average price of $0.610000000 with its current price of $0.730000000. Meanwhile, The Sandbox is $0.3500000 (-2721.01%) above its 52-week low price of $0.380000000 and -$4.12000000 (-191.22%) below its 52-week high of $4.850000000. The current price relative to its moving average and 52-week high and low leads to a strong long-term technical score of 76. Trends for the long-term trading history of The Sandbox suggest that traders are currently neutral on the token. The Sandbox has a market capitalization of $1,091,062,488.62 and a relatively high average daily volume with $1,620,748,530.32 worth of the currency traded over the typical 24 hour period. Over the last 24 hours, SAND's volume is below its seven day average with 174,059,454.10 exchanged.

Summary

SAND's historical trading over the past year gives it a a strong long-term technical score of 76 as its price movement in that time has given investors reason to be neutral on the token in the long-term. Click Here to get the full Report on The Sandbox (SAND).