The Sandbox

Bearish price action on February 25 to March 3 resulted in The Sandbox by 8%.

The downward movement of the The Sandbox price last week indicates the chosen market is bearish. The volatility associated with the SAND market was medium, as were its price fluctuations. The asset saw its market capitalization falling over the reviewed period together with its price. The trading volume on the crypto coin's market has been decreasing throughout the reviewed period along with its price.

While the volatility remains restrained, The Sandbox isn't making any explosive moves. During the reviewed period, the volatility of SAND was in the middle register, averaging at 5%. The coin has hit the highest point of volatility on February 25. On March 1, the volatility of the asset was at its minimum at 1%. The mild volatility registered on the crypto coin's market over the said period allows us to expect moderate price movements in both directions without significant breakouts.

The opening price of The Sandbox was at $0.72 on February 25, with sellers having a more visible presence on the market. The first day of price action was marked by the 4% move to the downside from the point where the trading session opened. On February 26, the price of the coin has shifted by 4% from the daily open on the back of a good trading volume. On February 27, the market was moving to the downside as The Sandbox went 3% down from the low at $0.7 to the high at $0.73. The next trading session was characterized by more price action (as SAND made a 1% move) on the back of the consistent trading volume. On March 1, The Sandbox finished the trading day with no changes to the flatlined market. The trading period on March 2 saw the crypto coin forming the price amplitude between the open at $0.7 and the close at $0.68, also interacting with $0.68 (24H low) and $0.68 (24H high). March 3 presented us with the following price action data: the coin opened the period at $0.69 and went on to establish the low at $0.62 and the high of the day at $0.69 before closing the day at $0.64. The highest point of the price action over the week was at $0.73 - the weekly low during the same period was established at $0.62. The Sandbox shaped the $0.05 price range over the week of price action, which constituted the 8% gap between the weekly low and the weekly high.

The Sandbox ’s average trading volume on the opening day of the observed time period, February 25, stood at $231 992 521, while on the closing day of the same period, it moved to $128 345 437. During the week before February 25, the trading volume of SAND flowed from $174 912 134 to $658 262 781. The average trading volume of the asset fluctuated by 55% by comparison with the previous period, whereas the price change of 8% took place over the same period of time.

The past week saw the market capitalization of The Sandbox making a shift from $1 300 514 922 on February 25 to $1 245 279 730 on March 3, the peak for the analyzed period. The percentage change in the total market capitalization of SAND amounted to 4%. The price of the coin changed by 8% on the back of the 4% shift in its total market capitalization. In order to get a better grasp of the current state of affairs on the market, it’s important to draw the comparison between the reviewed period and the preceding seven days when the market capitalization ranged between $1 348 461 762 on February 18 and $1 371 303 849 on February 24, which translates to a 2% change.

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Article date: March 3 | February 25 - March 3

Market reviews for similar coins for February 25 - March 3