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SAND Technical Analysis | Expected Support level at $0.81

Welcome Back to Cryptoknowmics!! 

We are here to yet again enlighten you about news and predictions from the Crypto community!! 

 

And today we present to you a technical analysis video on SAND Token!

The Sandbox was launched in 2011 by Pixowl, A game-based virtual world that allows users to create, build, buy, and sell digital assets.

 

But before we get into it, we want to thank you for the support you guys show towards the channel!!

There has been an appreciation in the price roughly by 38.35% in the last seven days. SAND traded between $0.97-:$1.13 in the last 24 hours.

RSI is at 71.88%. 

 

It took support at 54.76% and shot up. 

Moreover, it has touched 74.59% and took a downswing, and found support near the 69.44% suggesting the buying pressures are overtaking the market. 

The OBV is making a slight uptrend suggesting the gain in the volume.

 

The price has broken its recent high at $.088. On the chart, the price is appreciating and we might expect the price to test at $1.09.

If the buying pressures prevail the price will successfully break the resistance level and move forward. 

 

However, if the price breaks down, we might expect the price to find support at $0.81. Traders can take a short position accordingly keeping a stop loss at $1.

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