SAND is up by more than 10% today

    The cryptocurrency market has carried out properly within the final 24 hours after a poor begin to the week.

    The cryptocurrency market has carried out properly over the previous 24 hours. The market has added more than 5% to its worth up to now today, with the whole market cap now above the $900 billion mark as soon as once more.

    Bitcoin, the world’s main cryptocurrency, is up by almost 5% today and at present trades above $21k per coin. Ether is additionally buying and selling above $1,100 per coin after rallying by over 9% within the final 24 hours.

    SAND, the native token of The Sandbox ecosystem, has additionally been performing excellently in the previous few hours. 

    SAND has added more than 10% to its worth over the previous 24 hours because the broader cryptocurrency market embarks on a sluggish restoration.

    The Sandbox’s ongoing optimistic efficiency may be attributed to its partnership with Lionsgate. The Sandbox introduced its partnership with Lionsgate, a world content material chief, and its associate Millennium Media, in a Medium post on Wednesday. 

    The partnership will see the entities develop “Action City”, a devoted LAND that can function an exciting leisure vacation spot that includes voxelized characters and gadgets.

    Key ranges to observe

    The SAND/USD 4-hour chart is at present bearish regardless of The Sandbox performing properly within the final 24 hours. The bearish development previously couple of days negatively affected SAND’s broader efficiency.

    The MACD line stays beneath the impartial zone however has been transferring in direction of the optimistic area due to the continuing rally. The 14-day RSI of 44 reveals that SAND is now not within the oversold area. 

    At press time, SAND is buying and selling at $0.864 per coin. If the rally continues, SAND might surge previous the primary main resistance degree of $1.02 earlier than the tip of the day.

    However, the second main resistance degree at $1.13 ought to present a more durable problem for the bulls to beat within the close to time period.

    If the bears regain management of the market, SAND might decline beneath the $0.80 mark for the second time this week. 

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