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Sandbox (SAND) Finally Breaks Key Resistance: Price to Pump If…
The Sandbox price is showing strong signs of a breakout after months of sideways movement. According to a fresh analysis by World Of Charts, SAND has broken through its main descending resistance and closed above a crucial horizontal level. The token is now trading at around $0.2688, up more than 7% in the last 12 hours.
The chart posted by @WorldOfCharts1 shows a clear breakout from both the diagonal trendline and the horizontal resistance that had capped SAND for weeks. That horizontal level around $0.25 acted as a stubborn barrier throughout June and early July. Now that SAND has closed above it with strong volume, the breakout appears valid.
World Of Charts noted that “$SAND has already broken a crucial area,” and added that they would be looking to add to their position on a possible retest of this breakout zone. This means the price could dip slightly to retest the old resistance around $0.25 before moving higher. If that retest holds as support, it may confirm the start of a much bigger rally.
@WorldOfCharts1 / X
The breakout comes at a time when Bitcoin has hit new all-time highs, lifting overall market sentiment. As altcoins begin to respond, Sandbox appears to be one of the first movers. The structure shown in the chart suggests a strong shift from bearish to bullish, as the token exits a prolonged downtrend and forms a potential higher low.
Ali, another analyst following this setup, said SAND’s breakout is important. According to World of Charts, if this breakout holds and the retest is successful, SAND could be ready for new highs in this cycle.
Can Sandbox Price Hit New Highs?
While the price is still below $0.30, a successful retest and continued strength from Bitcoin could fuel a move toward the next major resistance near $0.35 or even $0.40. The analyst’s projected curve on the chart shows a steep upward path, suggesting there’s a lot of room to climb.
The Sandbox price has been lagging behind some of the top-performing altcoins, but this breakout changes the game. If the market continues to support bullish momentum and the retest confirms support, SAND could be on track for a major reversal.
Read Also: ONDO Price Testing Key Resistance – Traders Are Watching Closely
SAND has broken above a key resistance area for the first time in weeks. The setup from World Of Charts shows this could be the beginning of a new bullish phase for the Sandbox price. If the token successfully retests the $0.25 level and holds, we could see a strong spike toward the $0.35 zone and beyond. For now, all eyes are on whether this breakout holds and whether SAND follows through on the potential it just unlocked.
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The post Sandbox (SAND) Finally Breaks Key Resistance: Price to Pump If… appeared first on CaptainAltcoin.