The Sandbox (SAND) Price Jumps 4.29% Weekly Amid Rising Metaverse and Gaming Token Hype

GameStop's massive Bitcoin bet and ETF launch boosts sector confidence

GameStop’s massive Bitcoin bet and ETF launch have boosted sector confidence, setting the stage for a strong week in the metaverse and gaming token segments.

As of November 27 KST, The Sandbox (SAND price) has made it to the top of CoinMarketCap’s trending coins list. The token is trading at $0.2980, reflecting a 2.26% gain over the last 24 hours and a 4.29% rise over the past week. The token’s market cap stands at $756.66 million, with trading volume surging nearly 30% to $76.2 million. The 24-hour range, from $0.2887 to $0.3027, also indicates growing bullish sentiment.

The SAND token has broken above its 9-day SMA at $0.2810, a key short-term bullish indicator. The RSI has moved to 52.55, pushing past the neutral zone and signaling growing buying pressure. A bullish flag pattern is also taking shape, often seen as a continuation signal after a rally.

A sustained move above the $0.30–$0.35 resistance range could open the gates for a stronger rally, potentially targeting higher psychological levels like $0.50 or $0.75. However, traders should remain vigilant, as a slip below the crucial support at $0.2568 could escalate selling pressure, paving the way for a decline toward $0.21.

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