Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2
- The weekly SAND/USD chart showed the 0.786 Fib level could trigger a 65.5% price increase.
- Buying momentum has become weak but the Aroon indicator aligned with a bullish bias.
- A highly bullish scenario could trigger SAND’s price in the $3 direction.
The Sandbox (SAND), the blockchain-based virtual world token, has not reached its full potential yet, analyst Ali Martinez noted. Martinez posted this on X while trying to defend his point that the crypto market has not yet reached its top despite the recent price jumps.
It’s Just the Start
For the analyst, SAND has not even hit the 0.786 Fibonacci level, indicating that the token was very much undervalued
When people say it's too late to enter the #crypto market… They claim a top is coming!
— Ali (@ali_charts) March 6, 2024
Bruf, $SAND hasn't even gotten back above the 78.6 Fib. This is the biggest #metaverse #altcoin in the industry! pic.twitter.com/tPCjwZfTEp
The 0.786 Fibonacci level is one of the strongest series of ratios the indicator has. Therefore, it serves as a prime entry point. Coin Edition observed the weekly chart and saw that the Fib level was around $2. As such, SAND could hit $2 an…
The post Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2 appeared first on Coin Edition.
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Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2
- The weekly SAND/USD chart showed the 0.786 Fib level could trigger a 65.5% price increase.
- Buying momentum has become weak but the Aroon indicator aligned with a bullish bias.
- A highly bullish scenario could trigger SAND’s price in the $3 direction.
The Sandbox (SAND), the blockchain-based virtual world token, has not reached its full potential yet, analyst Ali Martinez noted. Martinez posted this on X while trying to defend his point that the crypto market has not yet reached its top despite the recent price jumps.
It’s Just the Start
For the analyst, SAND has not even hit the 0.786 Fibonacci level, indicating that the token was very much undervalued
When people say it's too late to enter the #crypto market… They claim a top is coming!
— Ali (@ali_charts) March 6, 2024
Bruf, $SAND hasn't even gotten back above the 78.6 Fib. This is the biggest #metaverse #altcoin in the industry! pic.twitter.com/tPCjwZfTEp
The 0.786 Fibonacci level is one of the strongest series of ratios the indicator has. Therefore, it serves as a prime entry point. Coin Edition observed the weekly chart and saw that the Fib level was around $2. As such, SAND could hit $2 an…
The post Sandbox (SAND) Token Undervalued? Analyst Forecasts Price Rally to $2 appeared first on Coin Edition.
Read More