SAND Price Prediction — Can The Sandbox Recover? Is New NFT Game RobotEra a Better Investment?

The Sandbox Metaverse’s utility token is denoted by the symbol SAND. The Sandbox game is a play-to-earn game where users may create and own bits of land in a virtual world. According to the SAND price chart that can be seen on CoinMarketCap, the price has been going down while staying below a falling resistance line since the 20th of July. Recently, on November 8th, due to a combination of many causes, the price went below the $0.59 threshold.

Disruption from the $0.80 horizontal support area was also triggered by the downward trend. The region has been there since June 16 and was responsible for three bounces during that time. The fact that the bullish split trend line derived from the daily RSI has not been broken is an encouraging new development. 

On the other hand, apart from this particular indicator, there aren’t any other bullish reversal signals in existence. In addition, a negative indicator is that the daily RSI remains below the 50 level.

As a result, there is no sign of the the trend being in the positive until the price of SAND restores the level around $0.80. In order to do this, a breakthrough is required from the falling resistance line that was previously established.

SAND’s Price to Still Fall?

Bearish conclusions can be drawn from the technical analysis of SAND’s price chart on CoinMarketCap when seen in weekly time frame. It demonstrates that the $0.080 horizontal area had been functioning properly since November of 2021. Prior to then, it has been acting as resistance since March of 2021.

Therefore, a violation of this level can be interpreted as a breach of the bullish structure, which may result in the formation of new lows. In the event that the current trend of falling prices continues, the nearest support point would be at $0.42. 

Since July of 2021, no one has been able to access this region. In comparison to the price that is now being charged, this represents a forty percent discount. As was said previously, regaining control of the region around $0.80 would render this bullish forecasting meaningless. This appears implausible given the declining RSI and negative price movement that has been occurring recently.

RobotEra: A Better Investment?

Even while SAND is doing all in its power to maintain its existence, it is not the only currency that has attracted the attention of financial backers. The native token for RobotEra, known as TARO, has recently risen to the top of innovators’ watch lists as a probable candidate for the greatest presale of the year.

TARO is the driving force behind the RobotEra project, which is a planetary reconstruction endeavor in which users may develop their own robot-like avatars and reside inside a Metaverse. Players are also able to develop personal settings, govern the land they own, and roam about freely. In addition to that, the platform provides access to a shared multiverse that is linked to other worlds, such as musical theme parks.

The digital product is currently available for pre-sale, and the first step of its distribution has already begun. Those who are interested in investing in RobotEra may buy one the token TARO for 0.020 USDT at the moment.

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