The Sandbox (SAND), Moderate Volatility and Falling Tuesday: Is it Time to Cash Out?
Tuesday, June 06, 2023 12:16 PM | InvestorsObserver Analysts
The Sandbox (SAND) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Tuesday, the crypto has dropped 4.81% to $0.5180095395.
InvestorsObserver is giving The Sandbox a 30 Volatility Rank. Find out what this means to you and get the rest of the rankings on The Sandbox!
InvestorsObserver gives The Sandbox a moderate volatility rank of 30, placing it in the bottom 30% of cryptos on the market.
The Volatility Gauge takes into account which means that one day won't define its volatility rank - a trend will.
SAND's moderate volatility reading pairs with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
The Sandbox price is favorably positioned going forward. With support at $0.465037693174151 and resistance set at $0.568566610009936. This leaves The Sandbox with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
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