The Sandbox

The Sandbox analysis March 5 - March 11 : bears in all-out attack as the price collapses by 16%.

The analysis of last week’s price action shows that the The Sandbox market is in the bearish phase since the price has been moving downward. The situation on the SAND market shows that the underlying asset is currently experiencing a period of medium volatility. There has been a fall in the market capitalization of the asset during the period under review. The price action of the crypto coin from last week stemmed from the decreasing trading volume.

The volatility has been suppressed, as the The Sandbox price action suggests. Given that the average volatility on the SAND market didn't exceed 5%, the price action remained limited. The coin was the most volatile on March 5, when the range of its price fluctuations reached 5.64%. The asset saw its volatility drop to the lowest level for the given period on March 9 as it shrank to 0.72%. 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 $0.62 on March 5, with sellers having a more visible presence on the market. The gains of SAND after the weekly open on March 5 amounted to 1%. The 2% move in the upward direction took place on the second day after the weekly open. During the next trading day, the rate of change in the price of The Sandbox stood at 3% having reached the low at $0.61 and the high at $0.64 as the advantage remained on the side of sellers. The SAND market was down as the price shifted by 4% on March 8, against the backdrop of the sufficient trading volume. March 9 kicked off with The Sandbox trading opening at $0.58 and then closing the session at $0.56, establishing the 24H low at $0.56 and 24H high at $0.59 in the process. While the 24H high and low on March 10 were at $0.56 and $0.51, respectively, the crypto coin had been traded in the area between the open at $0.56 and the close at $0.53. March 11 presented us with the following price action data: the coin opened the period at $0.54 and went on to establish the low at $0.51 and the high of the day at $0.55 before closing the day at $0.53. $0.51 was the bottom of price action for the week, though the price went to the high extreme at $0.64 over the same time period. The price action on the weekly time frame made The Sandbox within the 16% range from its weekly low to the weekly high, while the oscillation amplitude between these price points amounted to $0.1.

The Sandbox ’s average trading volume on the opening day of the observed time period, March 5, stood at $101 914 052, while on the closing day of the same period, it moved to $152 852 271. In order to have a better grasp of the SAND market, it’s necessary to compare the stats from the analyzed period with those from the week before, when the trading volume had gone from $128 345 437 to $256 905 779. We can draw a parallel between the change in trading volume in the previous 7 days, which constituted 13%, and the 16% price shift.

The total market capitalization of The Sandbox during the past 7-day oscillated between $1 124 670 460, the starting point that was established on March 5, and $979 982 184 on March 11, the end date of the reviewed period. SAND experienced a 13% change in total market capitalization throughout the past seven days. As a consequence of the 13% fluctuation in its market capitalization, the price of the coin changed by 16%. A more precise analysis of the The Sandbox market also requires a comparison with the change in market capitalization from the week before, which amounted to 9% on the back of the move from $1 275 364 464 to $1 154 243 609.

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Article date: March 11 | March 5 - 11

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