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According to Gate.io data, <a  rel="nofollow noopener noreferrer"  href="/price/the-sandbox-sand" target="_blank" class="blog_inner_link">The Sandbox</a> token (SAND) is currently priced at $0.765, with a 24-hour increase of 29% and a weekend surge of over 100%. SAND’s current circulating market cap stands at $1.86 billion, ranking 60th globally.
SAND’s journey has been marked by favorable conditions. Its parent company, Animoca Brands, is a prominent name in the industry. During the bull market of 2020-2021, SAND closely mirrored the broader crypto market’s uptrend. Additionally, its alignment with NFTs, metaverse, and GameFi—three dominant narratives at different times—allowed it to fully capitalize on the era's opportunities.
Under these converging factors, SAND’s price soared to an all-time high of $8.48 in 2021, earning its reputation as a 1,000x token. Despite doubling in price over the past three days, SAND is still down by over 90% from its peak. How should traders approach SAND moving forward?
![](https://gimg2.gateimg.com/image/article/1732524361screenshot-20241125-154332.png)
## SAND Market Data
- Current Price: $0.76532 USDT
- 24-Hour Change: +29.29%
- 24-Hour High: $0.86798 USDT
- 24-Hour Low: $0.50863 USDT
- Market Sentiment: Extreme Greed (Fear & Greed Index: 82)
- Support Level: $0.5245 USDT
- Resistance Level: $0.9283 USDT
- RSI: Currently overbought, suggesting potential for a short-term pullback.
## Suggested Trading Strategies
### Strategy 1: Short-Term Pullback Trade
- Direction: Bearish
- Entry Price: $0.7600 USDT (near current price)
- Stop Loss: $0.7800 USDT (above current price to mitigate risk of further gains)
- Target Price: $0.6000 USDT (near support level)
- Reason: The current extreme greed sentiment and overbought RSI indicate a potential short-term price correction. This strategy seeks to capitalize on market sentiment reversal.
### Strategy 2: Breakout Trade
- Direction: Bullish
- Entry Price: $0.8700 USDT (upon breaking resistance level)
- Stop Loss: $0.8500 USDT (to protect against false breakouts)
- Target Price: $1.0000 USDT (psychological level)
- Reason: If the price surpasses the $0.9283 USDT resistance, additional buying pressure may drive it higher. This strategy is suitable for trend-following traders.
## Outlook
Over the past three years, SAND, once a hot topic with its metaverse + GameFi narrative, has struggled to maintain momentum. While the project team continues to develop and announce favorable updates, the market and investors remain largely unresponsive.
Currently, both price action and macro conditions suggest that SAND is still searching for a bottom. However, with selling pressure significantly reduced, the likelihood of deeper declines is limited. While SAND may not revisit its historical highs, a significant rebound is possible when favorable news and external factors align with the right timing and price levels.
<div class="blog-details-info">
<div>Author: **Icing**, Gate.io Researcher
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions. Investment involves risks and users need to make careful decisions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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SAND Surged Over 100% Over the Weekend—What’s Next for Trading?