The Sandbox (SAND), which gained value despite the decline in Bitcoin (BTC), became the third most rising coin of the day.
U.S. Treasury Secretary Yellen’s speech on financial markets last night has hit altcoins. Many altcoins have tested their support levels. Among the metaverse coins that have increased despite the pullback in Bitcoin (BTC), The Sandbox (SAND) has drawn attention. SAND, which increased by nearly 10 percent on a daily basis, managed to become the third most valuable coin of the day.
The Sandbox (SAND) Chart Analysis
SAND, which returned to its previous price for weeks and tested $ 0.479, found a reaction from this point and achieved an increase of 9.65 percent. SAND, which surpassed the daily opening price, approached the weekly opening price. Despite the slackening in Bitcoin, the bounce of close to 10 percent brought metaverse coins back into the agenda.
If SAND can continue its rise, it will target the $0.54 – 0.595 – 0.652 and $0.671 resistances, respectively. Conditions such as the market continuing in a negative scenario and the decrease in metaverse excitement may bring SAND to $0.479 and $0.444, respectively. If there are not enough buyers from these support levels, pullbacks can be followed up to the annual opening price.
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