<strong><em>As sellers overtake the market, SAND prices crumble beneath the $1 mark and approach the upcoming support at the $0.68 mark.</em></strong>

Key technical points:
<ul>
 	<li>The market price has decreased 16.98% over the past 24 hours.</li>
 	<li>The falling trend cracks under the crucial support level of $1.</li>
 	<li>The 24-hour trading volume of Sandbox is $461 Million, indicating a hike of 22%.</li>
</ul>
<h2><strong>Past Performance of SAND</strong></h2>
The consolidation range between $1 and $1.45 fails to contain the downtrend in SAND prices as the selling pressure grows drastically with the falling global markets. The downtrend cracks under the psychological support level at $1, with a 40% fall over the week. Moreover, the rising trend in trading volume continues to reflect a boom in selling pressure due to panic selling.

<img src="https://s3.tradingview.com/snapshots/j/J4WSIbbY.png" alt="TradingView Chart" />

<strong>Source-</strong> <a href="https://www.tradingview.com/x/J4WSIbbY/" target="_blank" rel="noopener">Tradingview</a>
<h2>SAND Technical Analysis</h2>
<a href="https://www.cryptoknowmics.com/news/mastercard-expands-to-web3-and-nfts-with-sandbox/">SAND</a> prices continue the bearish candle formation and lower the possibility of retesting the broken consolidation range. Hence, the bearish candle may shortly creep below the $0.68 mark and result in a further fall in market price. The crucial Exponential Moving Averages - 50, 100, and 200-days maintain a falling trend with a bearish alignment as the correction phase continues.

With the start of negative histograms, the <strong>MACD and signal lines </strong>display a bearish crossover as the selling pressure grows drastically. Moreover, the RSI slope cracks under the oversold boundary reflecting a surge in selling activity. As a result, the technical indications show a high-momentum downtrend ready to surpass the $0.68 support level. In a nutshell, the SAND technical analysis predicted an increase in panic selling, which would lead to a further drop in market value.
<h2>Upcoming Trend</h2>
If the falling SAND prices knock under the $0.68 mark, a downtrend continuation will reach the $0.50 mark accounting for a 25% fall.

<strong>Resistance Levels:</strong> $1 and $1.45

<strong>Support Levels:</strong> $0.68 and $0.50

SAND Technical Analysis: Selling Activity Booms As Prices Fall Below $1

SAND technical analysis shows SAND prices crumbling beneath the $1 mark and approach the upcoming support at the $0.68 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SAND Technical Analysis: Selling Activity Booms As Prices Fall Below $1

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