The Sandbox Price Prediction: SAND Price Up 54.4% in December – New ATH in 2024?
The Sandbox (SAND) has continued on its road to market highs, rising over 50% in December.
December began with a price of $0.410807, and while the month is not over yet, the price has reached the current level of $0.634422.
Therefore, the coin has seen a significant growth of 54.4%.
SAND is up another 9.6% in 24 hours. It appreciated 25.9% in a week, 22.5% in two weeks, 48.6% over the past 30 days, and 43.4% in a year.
As the coin is now valued at $0.63, the question looms: is there any more potential for growth? And can The Sandbox hit $1 any time soon, or even more – break its all-time high of $8.4?
The daily chart shows that the coin is still well within its channel, which could put it in single-digit territory as soon as early February next year.
However, keep in mind that the token has come dangerously close to the channel’s upper border, which could serve as a local top.
Be wary of the $0.7-$0.8 range by the end of the year and in early January. Not only is this range the channel’s top border, but it also served as a support/resistance on numerous occasions.
Should it drop, keep an eye on the $0.5 level, as that’s the channel’s bottom. A bounce from that level would signal significant strength.
Breaking the $0.7-$0.8 range, SAND’s next stop would be the $1-$1.2 range, which was also an important milestone during the bear market depression.
After that, important psychological levels include $2.5 and $5.
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— The Sandbox
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