|Current Price||INR 90.04|
|Market Cap||INR 113,326,646,078|
|Circulating Supply||1.26 billion SAND|
|Max Supply||3 billion SAND|
|Vol (24H)||INR 24,386,590,732|
|Short-Term||The SAND price has dropped significantly and attempting for a rebound, however, bears still hold some strength that may ease in the next couple of hours|
|Mid-Term||The upswing ignited during mid-June appears to have accomplished as the asset is preparing to undergo a significant pullback|
|Long-Term||The asset was extremely bearish since the beginning of 2022, but the trend reversal is approaching fast that may uplift the price to INR 200 soon|
Check latest SAND INR Price, Charts, and Data.
The Sandbox price ever since it reached the highs has been trading within a deep descending channel, much before the crypto crash. The asset had dropped nearly 50% before the crash while a couple of events slashed the prices by more than 60% since May 2022. However, the SAND price has dropped by more than 90% from its highs, while the chances of a rebound are fewer.
Along with the crash, the Indian traders are also experiencing tough times with the new tax policies imposed recently. According to the new policy, the traders will be charged 30% of the profits incurred and 1% TDS on every transaction. Hefty taxes within a bear market have currently dried up the volume to some extent in the exchanges. While the impact on the price remains negligible.
Read more on 30% Crypto Tax & 1% TDS on Crypto
|Indicator||Value (STF/HTF)||Action (STF/HTF)|
|Relative Strength Index(RSI)||43.06 / 44.20||Sell / Sell|
|MACD||-0.015 / -0.42||Sell / Sell|
|Average Directional Index(ADX)||43.56 / 49.07||Sell / Sell|
|Ultimate Oscillator||44.66 / 39.00||Sell / Sell|
|Bull-Bear Power||-0.05 / -0.78||Sell / Sell|
|Moving Average||Short Term||Long Term|
|MA 5||INR 89.34||INR 87.11|
|MA 10||INR 90.38||INR 94.76|
|MA 20||INR 93.80||INR 159.97|
|MA 50||INR 92.61||INR 189.91|
|MA 100||INR 89.74||INR 95.08|
|MA 200||INR 88.55||INR 46.74|
The fresh bearish trend has cemented the SAND price within a descending trend in all the time frames. Presently, there is no indicator which is at least neutral as almost all of them are pointing toward a ‘sell’ signal. While RSI is bearish and heading towards the lower support, MACD is also displaying an accumulated selling pressure in all the time horizons.
On the other hand, the strength of the rally is pretty weak and the volatility of the rally is also extremely less. Therefore, the descending trend may continue without any possibility of a strong rebound.
Also Read: Top 6 NFT Tokens
Additional Read: Sandbox Price Prediction
Additional Read: MANA vs SAND
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Sandbox is extremely bearish in all the time horizons at the press time
The RSI is 43.06 in the short term and 44.02 in the long term. Check latest SAND Price - https://coindcx.com/trade/SANDUSDT
SandBox is currently on the verge to hit the lower support and may rebound well very soon. Therefore may be a good time to invest with proper research and understanding.
*Prices as of 12th July, 2022
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