This report provides insights and analysis on the Crypto markets, specifically designed for selective users with a focus on positional strategies.
Ticker: SAND
Category: Metaverse
Market Cap: $1,060,123,792
Circulating Supply: 1,499,470,108
Total Supply: 3,000,000,000
Price Update: SAND price at the time of writing (18th April, 16:00) is $0.7086 with 24-hour trading volume of $207,416,180. SAND price is up by 2.84% in the last 24 hours. It has a circulating supply of 1.5 billion tokens i.e. 50% tokens in circulation.
Technical Analysis: The Sandbox (SAND)
Source: Tradingview
With Reference to above Chart:
- SAND formed a bearish head and shoulder pattern from mid-Jan to mid-Feb.
- Our exclusive report dated Feb 28th indicated an 8-10% fall back risk and was later reflected within a week.
- Later, price attempted to test breakdown levels at $0.7 in late March but was rejected.
- Recently, SAND found support at $0.61 and entered a consolidation phase.
- With the market shifting towards ALT coins, there is a high chance of Sand ranging higher.
- Assessing a Long position between $0.70-0.65, which is the range between the resistance and 55 EMA (orange line).
- Futures Traders can aim for a potential 9-10% movement towards $0.775 (200 EMA) with invalidation below $0.61. As Sand is a momentum-based token, there is potential for even higher gains.
- Spot Traders can look for longer time frame accumulation ranges from $0.70-0.61 with upward potential for $0.88, which would ideally be 16-18% gains.
Note: SAND is now available in the futures market in both Go and Pro apps with up to 15x leverage.
Trade SAND Futures in CoinDCX App
Trade SAND Futures in CoinDCX Pro App
Our Previous Week Report Results:
AVAX (11th April): Hit 15% on 18th April 
NEAR (13th April): Hit 9.5% on 15th April
GRT (14th April): Hit 10% on 15th April
AVAX up by 20% as mentioned in our analysis report!
NEAR up by 9.5% and now chasing upper band!
GRT up by 9.5% and now chasing upper band!
Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The Content is for informational and educational purposes only. The Content is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or securities or virtual digital assets or to participate in any investment or trading strategy.The Content or any part of it
is not legal, financial, investment or tax advice. The calculations, data, risk return formulations, performance or market capitalization indicators are based on the independent data sourced by CoinDCX or third parties. Past performance is not indicative of any future results.
