Friday, December 9, 2022
    HomeMarketSAND down by 2% despite The Sandbox's partnership with Aguero

    SAND down by 2% despite The Sandbox’s partnership with Aguero


    The Sandbox has partnered with soccer star Kun Aguero to draw followers into the metaverse however might that result in surge within the value of SAND?

    SAND, the native of The Sandbox metaverse, is down by greater than 2% within the final 24 hours. 

    The poor efficiency coincides with that of the broader cryptocurrency market. The entire crypto market stays above $950 billion regardless of shedding lower than 1% of its worth within the final 24 hours.

    Bitcoin, the world’s main cryptocurrency, has dropped beneath the $20k stage as soon as once more after shedding 0.7% up to now right now, Ether can be down by lower than 1% up to now right now however continues to commerce above $1,300.

    SAND’s poor efficiency comes regardless of The Sandbox asserting its partnership with Premier League legend Sergio Kun Aguero. 

    The Sandbox added that the primary model of Kuniverse can be launched on November sixth and can take the type of an enormous stadium with football-themed video games, dancing, and even a meals truck with Argentinian meals, amongst different experiences. 

    Key ranges to look at

    The SAND/USD 4-hour chart stays bullish regardless of The Sandbox underperforming over the previous few hours. 

    SAND/USD Chart By TradingView

    The MACD line stays above the impartial zone, indicating that The Sandbox market is constructive. The 14-day relative power index of 49 exhibits that SAND just isn’t but within the oversold area regardless of underperforming right now. 

    At press time, SAND is buying and selling at $0.8452 per coin. If the bearish development continues, SAND might drop beneath the $0.8118 resistance stage earlier than the top of the week.

    Except the bulls regain management of the market, SAND might drop in direction of the $0.7452 assist stage for the primary time since July. 

    The bulls would possibly regain management and push SAND in direction of the $0.9257 resistance stage within the close to time period. Nevertheless, the second-major resistance stage at $1.0599 must be laborious for the bulls to beat over the subsequent few hours or days. 

    The place to purchase now


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