Sandstone Price New 52-Week High, $1.5 On The Horizon?

Highlights of history

SAND price has regained the $1 mark with a monthly gain of over 300. The EMA 50/200-day indicator shows a golden cross on the 1D time frame, hinting at a price target of $1.50. Short-term silver price Targets are $1.07. and $1.25 respectively.

As the Bitcoin price reached the $100,000 mark today, the cryptocurrency market hit a new ATH. Following this, the altcoin market has seen a boom in gaming tokens with high profits. What's more, he said that the SAND token is the daily top earner spot.

After hitting a new 22-month high and surpassing the $1 mark, will this altcoin maintain its price action and head for a 29-month high of $1.50 this month? Read CoinPedia's Sandbox (SAND) price analysis now!

Sand prices hit a new 52-week high!

The value of Sandbox added 12.67% to the portfolio in 24 hours with a trading volume of 3.977 billion dollars, a change of +120.34%. It has also increased 55.35% in seven days and 300.47% in last 30 days.

The EMA shows a 50/200-day golden cross on the daily time frame. Moreover, with a significant increase in the SAND price chart, this indicates an increase in buying pressure for the altcoin in the crypto market.

The Relative Strength Index (RSI) successfully tested the overbought region and showed a significant increase. With the moving average consistently acting as support, the Sandbox price may continue to appreciate in the near future.

How high can SAND Crypto go?

Keeping the price above the $0.90 support level sets the stage for this altcoin to retest the $1.07 resistance level. Additionally, if the bulls find their momentum at that point, this could push the sandbox price to the highs of $1.250.

However, if a bearish reversal occurs, this could cause the altcoin to retest the $0.90 support level. If the bulls fail to rally then, this could result in a drop to the $0.720 low support level this month.

For what's next as the SAND price regains the $1 mark, read CoinPedia's Sandbox price forecast. Also subscribe to get the latest crypto related news!

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