![The Sandbox [SAND] traders going long can consider this zone](https://i.headtopics.com/images/2022/10/29/cryptoamb/the-sandbox-sand-traders-going-long-can-consider-t-the-sandbox-sand-traders-going-long-can-consider-t-1586101247890919431.webp)
The Sandbox token has been on a relentless downtrend for nearly a year. SAND token saw a bounce in prices in mid-June. Although this bounce measured nearly 100% at its peak, it was not enough for the price to reverse its long-term trend. If The Sandbox continued to descend, the next levels of importance lie at $0.55 and $0.35.
The findings of the following analysis are the sole opinions of the writer and should not be considered investment adviceSAND was once more near the lows from June, further losses are in sightexemplified a phenomenon that has become all too familiar to crypto investors since 2017. An explosively bullish asset that makes triple-digit percentage gains, followed by a six-month period where the downtrend wipes almost all these gains.SAND has been on that path.
This move represented 105% gains for SAND in a month. During this time, both the RSI and the OBV advanced higher. Yet, SAND was unable to break above the $1.5 mark. Its fall beneath $1.2 flipped the daily market structure to bearish once again, and it remained that way at press time. The mid-June bounce saw a bullish order block form on the charts, but the retest of this region did not yet see a strong bullish reaction from The Sandbox. A drop below $0.73 will likely see SAND drop toward the 23.6% extension level at $0.55.Santiment