The Sandbox has partnered with soccer star Kun Aguero to draw followers into the metaverse however might that result in surge within the value of SAND?
SAND, the native of The Sandbox metaverse, is down by greater than 2% within the final 24 hours.
The poor efficiency coincides with that of the broader cryptocurrency market. The full crypto market stays above $950 billion regardless of shedding lower than 1% of its worth within the final 24 hours.
Bitcoin, the world’s main cryptocurrency, has dropped under the $20k stage as soon as once more after shedding 0.7% up to now at the moment, Ether can be down by lower than 1% up to now at the moment however continues to commerce above $1,300.
SAND’s poor efficiency comes regardless of The Sandbox saying its partnership with Premier League legend Sergio Kun Aguero.
⚽ AGÜEROOOOOOO ⚽
Delighted to welcome none apart from @aguerosergiokun to The Sandbox! 🤝 The will maintain football-themed video games, dancing and lots of extra surprises!
Keep tuned for extra… pic.twitter.com/ewj71bAPEf
— The Sandbox (@TheSandboxGame) October 6, 2022
The Sandbox added that the primary model of Kuniverse will probably be launched on November sixth and can take the type of an enormous stadium with football-themed video games, dancing, and even a meals truck with Argentinian meals, amongst different experiences.
Key ranges to observe
The SAND/USD 4-hour chart stays bullish regardless of The Sandbox underperforming over the previous few hours.
The MACD line stays above the impartial zone, indicating that The Sandbox market is constructive. The 14-day relative energy index of 49 exhibits that SAND isn’t but within the oversold area regardless of underperforming at the moment.
At press time, SAND is buying and selling at $0.8452 per coin. If the bearish pattern continues, SAND might drop under the $0.8118 resistance stage earlier than the tip of the week.
Until the bulls regain management of the market, SAND might drop in direction of the $0.7452 assist stage for the primary time since July.
The bulls may regain management and push SAND in direction of the $0.9257 resistance stage within the close to time period. Nevertheless, the second-major resistance stage at $1.0599 ought to be laborious for the bulls to beat over the following few hours or days.
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