The capitulation of February 20 - February 26 : The Sandbox experienced a 16% dive.
Between February 20 - February 26, The Sandbox has been mostly bearish as its price has been in the falling mode. The volatility of SAND has been medium throughout the reviewed period in correspondence with the price action. The asset saw its market capitalization falling over the reviewed period together with its price. The crypto coin's market experienced a falling trading volume during the observed time period, which fell in line with the price action.
The price action of The Sandbox has been contained due to modest volatility. During the reviewed period, the volatility of SAND was in the middle register, averaging at 6%. The highest point of the coin's volatility reached 8.48% in the analyzed time frame. On February 24, the volatility of the asset was at its minimum at 0.47%. The bulls and the bears appear to be remaining in deadlock as the average volatility of the crypto coin was no higher than 6%.
The opening price of The Sandbox was at $0.78 on February 20, with sellers having a more visible presence on the market. The price of SAND took a 9% up upswing at the open of the weekly trading period. The market sentiment on February 21 stayed as the coin obtained another 6%. The price range of The Sandbox formed between $0.74 and $0.79 on February 22 as the price traveled 5% down. On February 23, the value of SAND was in the range, with the market remaining flat. After the open at $0.76, The Sandbox moved during February 24 in the range between the said open and the close at $0.72, having posted the 24H low at $0.72 and the 24H high at $0.76. The crypto coin opened the trading session on February 25 at $0.72 and finalized it at $0.69; the highest point of price action was at $0.72, the lowest was detected at $0.69. On the last day of the reviewed period, the coin was locked between $0.69 and $0.71, though the price managed to puncture these levels to reach the 24H high at $0.72 and the 24H low at $0.68. The asset posted the weekly low at $0.68, while the top of the weekly trading session was registered at $0.87. The Sandbox bounced 16% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.14.
Over the period of the last 7 days, February 20 to February 26, The Sandbox saw its average trading volume fluctuate between $353 572 689 and $156 047 740. During the week before February 20, the trading volume of SAND flowed from $188 813 503 to $476 633 874. The asset demonstrated an 13% change in trading volume, when compared against its performance in the past 7 days, while its price fluctuated by 16%.
The past week saw the market capitalization of The Sandbox making a shift from $1 382 698 738 on February 20 to $1 275 364 464 on February 26, the peak for the analyzed period. The rate of percentage change for the last week for SAND was 8%. The price of the coin changed by 16% on the back of the 8% shift in its total market capitalization. In the preceding week, February 13 - February 19, the market capitalization of The Sandbox got a 8% adjustment ($1 244 111 001 to $1 347 012 472) in comparison to a 8% change last week; this allows getting a deeper insight into the market structure.