SAND Token Is Having A Blast After 12% Surge In One Day

The SAND token is having a blast after a recent 12% surge in one day and the coin was one of the most active cryptocurrencies recently so let’s have a closer look at today’s latest altcoin news.

After reaching a low of $1.13, the SAND/USD pair reached a high of $1.28. The token reached a new high level on June 25 and got closer to a crucial resistance level as a result. In the same timeframe, the marekt cap of the token increased by 15% and the value hit $1.58 billion according to the data from Coingecko. According to Santiment, SAND’s major indicators improved in the past day and the exchange flow balance posted positive values of $1,411,000.

In the preivous 24 hours, more SAND tokens were supplied to exhcnages that were withdrawn, and often in these cases, a further price increase is anticipated. Based on the chats, the resistance is located at $1.35 and hasn’t been breached since. The 14-day relative strength index will have to surpass the barrier and the SAND RSI will be tracking at 57.50 which is below the resistance level of 58. this week’s news is that The Sandbox merged with Coinbase wallet and enabled LAND deployment on Polygon which provided a push to the price of the metaverse coins and caused a 20% icnrease. After the announcement, the SAND price hit $1.17 before dropping.

In the past 24 hours, the price was set at $0.95 with investors in SAND hoping that the positive news will cause the price to increase higher and will signal to the market that SAND is on a bullish run that could be sustainable. At the time of writing, the major accumulation of the SAND token was occuring and the Money Flow Index was 74.47 with the position of the key indicators suggesting a huge purchasing pressure in the past day. A few crypto assets contributed to a 5% increase in the capitalization of the global crypto marekt in the past day. SAND was among the bigger assets to have the price increase in the same timeframe.

As recently reported, TIME and Sandbox partner to build the Time Square in the Metaverse as the former continued the foray into the NFT space by partnering with the blockchain-based gaming company. According to the announcement, the initiative was inspired by the virtual spirit and energy of the real-time Time Square based in New York City. Times Square is an iconic cultural center, tourist destination, and neighborhood in New York.
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The area is quite famous for its illuminated advertising billboards and is considered the heart of New York.