The Sandbox has partnered with soccer star Kun Aguero to draw followers into the metaverse however may that result in surge within the worth 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 overall crypto market stays above $950 billion regardless of dropping lower than 1% of its worth within the final 24 hours.
Bitcoin, the world’s main cryptocurrency, has dropped beneath the $20k degree as soon as once more after dropping 0.7% to this point as we speak, Ether can also be down by lower than 1% to this point as we speak however continues to commerce above $1,300.
SAND’s poor efficiency comes regardless of The Sandbox asserting its partnership with Premier League legend Sergio Kun Aguero.
⚽ AGÜEROOOOOOO ⚽
Delighted to welcome none apart from @aguerosergiokun to The Sandbox! 🤝 The 𝘒𝘶𝘯𝘪𝘷𝘦𝘳𝘴𝘦 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 might 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 couple of hours.
SAND/USD Chart By TradingView
The MACD line stays above the impartial zone, indicating that The Sandbox market is constructive. The 14-day relative power index of 49 reveals that SAND shouldn’t be but within the oversold area regardless of underperforming as we speak.
At press time, SAND is buying and selling at $0.8452 per coin. If the bearish development continues, SAND may drop beneath the $0.8118 resistance degree earlier than the top of the week.
Except the bulls regain management of the market, SAND may drop in direction of the $0.7452 assist degree for the primary time since July.
The bulls would possibly regain management and push SAND in direction of the $0.9257 resistance degree within the close to time period. Nonetheless, the second-major resistance degree at $1.0599 needs to be exhausting for the bulls to beat over the following few hours or days.
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