Sandbox (SAND) Leads Market Gains, Yet $1 Still Out of Sight

BE[IN]CRYPTO11-25 20:30

SAND peaked at $0.86 before pulling back 14% to $0.76, with rising age-consumed metrics indicating profit-taking by long-term holders. The Exchange Flow Balance has spiked 162%, signaling increased ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSandbox (SAND) Leads Market Gains, Yet $1 Still Out of Sight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-25 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://beincrypto.com/sand-continues-bullish-trend/><strong>BE[IN]CRYPTO</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SAND peaked at $0.86 before pulling back 14% to $0.76, with rising age-consumed metrics indicating profit-taking by long-term holders. \nThe Exchange Flow Balance has spiked 162%, signaling increased ...</p>\n\n<a href=\"https://beincrypto.com/sand-continues-bullish-trend/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SAND","symbol_name":"沙尘暴黄金","start_time":0,"source_url":"https://beincrypto.com/sand-continues-bullish-trend/","article_id":"2486081221","we_media_id":null,"thumbnails":["https://beincrypto.com/wp-content/uploads/2024/06/bic_Sandbox_SAND_5-covers_neutral-850x478.jpg.optimal.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2486081221","pubTimestamp":1732537800,"sourceInfo":{"source_id":"beincrypto_highlight","name":"BE[IN]CRYPTO"},"weMediaInfo":null,"summary":"SAND peaked at $0.86 before pulling back 14% to $0.76, with rising age-consumed metrics indicating profit-taking by long-term holders.The Exchange Flow Balance has spiked 162%, signaling increased deposits to exchanges as holders prepare to sell, adding to downward pressure.RSI at 86.07 suggests overbought conditions, with potential declines to $0.72 or $0.61; easing selling pressure may push SAND back to $0.86.The Sandbox  continued its bullish trend, hitting a new yearly high of $0.86 during Monday’s early Asian session. However, it has since pulled back by 14%, trading at $0.76 at press time.Despite the recent surge, on-chain and technical indicators suggest that the much-anticipated $1 price target remains unlikely for now. Here’s why.On the other hand, the SAND token price may reclaim its year-to-date high of $0.86 if the selling pressure wanes. This will invalidate the bearish thesis above.","collect":0,"end_time":0,"defaultTopTitle":"beincrypto.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SAND":"沙尘暴黄金","RSI":"Rush Street Interactive, Inc.","BK4017":"黄金","BK4150":"赌场与赌博"},"translate_title":"Sandbox(SAND)领涨市场，但仍看不到1美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1,"SAND":1},"content_text":"SAND peaked at $0.86 before pulling back 14% to $0.76, with rising age-consumed metrics indicating profit-taking by long-term holders. \nThe Exchange Flow Balance has spiked 162%, signaling increased deposits to exchanges as holders prepare to sell, adding to downward pressure. \nRSI at 86.07 suggests overbought conditions, with potential declines to $0.72 or $0.61; easing selling pressure may push SAND back to $0.86.\n\nThe Sandbox (SAND) continued its bullish trend, hitting a new yearly high of $0.86 during Monday’s early Asian session. However, it has since pulled back by 14%, trading at $0.76 at press time.\nDespite the recent surge, on-chain and technical indicators suggest that the much-anticipated $1 price target remains unlikely for now. Here’s why.\nThe Sandbox’s Long-Term Holders Book Profit\nSAND’s price hike over the past week has prompted its long-term holders to move their previously dormant tokens around. This is reflected in the surge in the token’s age-consumed metric, which measures the movement of long-held coins. According to Santiment, this skyrocketed to a two-month high of 33.19 billion on Sunday. \nThis metric’s rally is notable because long-term holders are not in the habit of moving their coins around. Therefore, when they do, especially during periods of price uptick, it hints at a shift in market trends. Significant spikes in age-consumed during a rally like this suggest that long-term holders are offloading, possibly leading to increased selling pressure.\nSAND Age Consumed. Source: Santiment\nNotably, the rise in SAND’s Exchange Flow Balance over the past 24 hours confirms the selling activity. According to Santiment, this metric, which measures the net difference between the amount of an asset sent to exchanges and the amount of an asset withdrawn from exchanges over a specific period, has climbed by 162%. \nThis reflects an increase in the amount of SAND tokens being deposited to exchanges. It signals that holders are preparing to sell, possibly leading to downward price pressure.\nSAND Exchange Flow Balance. Source: Santiment\nSAND Price Prediction: Metaverse Token Is Overbought\nOn the daily chart, SAND’s Relative Strength Index (RSI) stands at 87.18, indicating overbought conditions. The RSI measures whether an asset is oversold or overbought, ranging from 0 to 100. Values above 70 signal that the asset is overbought and could face a decline, while values below 30 suggest it is oversold and might rebound.\nWith an RSI of 87.18, SAND is signaling overbought conditions, putting it at risk of a near-term pullback. If a decline occurs, its price could drop to $0.72. Increased selling pressure at this level may push SAND further down to $0.61, distancing it even more from the sought-after $1 target.\nSAND Price Analysis. Source: TradingView\nOn the other hand, the SAND token price may reclaim its year-to-date high of $0.86 if the selling pressure wanes. This will invalidate the bearish thesis above.\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\n\nCoinbase\nExplore\n                      \n\n\n\n\n\nCoinrule\nExplore\n                      \n\n\n\n\n\nUphold\nExplore\n                      \n\n\n\n\n\n3Commas\nExplore\n                      \n\n\n\n\n\nChain GPT\nExplore\n                      \n\n\n\n\n\n\n\n\nTop crypto projects in the US | November 2024\n\n\nCoinbase\n\n\n\n\n\n\n\n\nCoinrule\n\n\n\n\n\n\n\n\nUphold\n\n\n\n\n\n\n\n\n3Commas\n\n\n\n\n\n\n\n\nChain GPT","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2486081221"}