Sandbox Price Prediction: 2.84 Is the Immediate Barrier to Retaking the All-time Highs
Bullish Sandbox price predictions have invaded the marketplace after Andreesen Horowitz’s $93million Series B investment into Sandbox VR. The news of the investment, which was released last week, has continued to keep the SAND token on bid, despite a recent correction.
This news followed Facebook’s rebranding into META, which drove an insane round of gains in tokens related to decentralized gaming. SAND/USDT has not been left out of the recent rally. SAND gained 43% on the Series B funding news, and it has also pushed up by 5.6% and 7.3% in the last two trading sessions. Friday’s price gains had topped 14% at a point, but the SAND/USDT pair found the recent resistance at 2.84 too hard to break.
Will the pair be able to take out this barrier? Here is the latest Sandbox price prediction.
Sandbox Price Prediction
Sandbox is pushing northward after the previous corrective decline bounced off the 50% Fibonacci retracement level from the swing of 24 October to 3 November. Having cleared the 2.4116 resistance formed by the 38.2% Fibonacci retracement level, the recent tops at 2.8399 come into the picture. This barrier stands between the bulls and the recently-formed all-time highs at the 3.4500 price mark.
On the flip side, an extension of the intraday rejection at 2.8399 brings 2.0876 and 1.5427 into the picture as immediate downside targets. A continuation of this correction makes 1.3021 (61.8% Fibonacci extension levels) the next target down south.