One Cryptocurrency Trading Above the Support Levels- The Sandbox (SAND)

Cryptocurrency Market Round-Up

Typically, cryptocurrencies are termed as digital currencies and use blockchain technology to record every transaction. The Sandbox (SAND) is a decentralized virtual gaming world built on the Ethereum blockchain that allows users to create, own, and monetize their gaming experiences. It is part of the broader category of play-to-earn (P2E) games and virtual worlds that incorporate blockchain technology, non-fungible tokens (NFTs), and cryptocurrency to offer players new ways to engage with games and virtual assets. SAND has a market capitalization of ~USD 696.25 million (as per TradingView as of July 10, 2025).

For the week ending July 4, 2025, the S&P Cryptocurrency Broad Digital Market (BDM) Index advanced 64.75 points, or approximately 1.15%, to close at 5,698.55. The index opened the week on a positive note and sustained its upward momentum throughout the period, reflecting broad-based strength across the digital asset space. As the new trading week began on July 7, the index has continued to show signs of resilience, supported by persistent bullish sentiment in the cryptocurrency market. Notable gains in major digital assets such as Bitcoin and Ethereum have further strengthened investor confidence and contributed to the improving market outlook.

Having understood the S&P Cryptocurrency BDM Index movement over the last week and the scenario for the upcoming week, one cryptocurrency that seems ‘Attractive’ at the current level appears to be The Sandbox (SAND) based on the below technical parameters: -

The Sandbox (SAND):

Noted below are the generic insights, indicative entry price, support, and resistance levels for the next 1-2 weeks duration for the SAND:

Entry level and Resistance Levels as mentioned herein are only indicative in nature as per trend analysis and further evaluation is required when looking at cryptocurrency under discussion.

Note: The reference Information in this report has been sourced from TradingView.

SAND Technical Analysis Summary (On the Daily Chart):

SAND is currently trading above a key horizontal trendline support at $0.2314, a level that has historically acted as a strong floor for prices. This support zone remains a critical juncture for sustaining the upward move, reinforcing the bullish technical outlook. The 14-period Relative Strength Index (RSI) is at 57.13, indicating neutral-to-positive momentum. The price also continues to hold above the 21-period Simple Moving Average (SMA), which acts as dynamic support and underpins the prevailing bullish bias.

Additionally, the MACD histogram remains above the zero line, confirming sustained bullish momentum. The price is also trading above the Parabolic SAR, further highlighting a supportive technical setup and strengthening the positive outlook for SAND in the near term. Now the next resistance level appears to be at USD 0.310, and prices may test this level in the coming sessions (1-2 weeks).

Noted below are the key positives and negatives when looking at The Sandbox (SAND) in the cryptocurrency space: -

Advantages of SAND:

• Decentralized Ownership: Players have full ownership of the assets they create, buy, or sell. The use of NFTs ensures that land, characters, and items are truly owned by the users, allowing for proof of ownership, scarcity, and a secondary market.
• User-Generated Content: The Sandbox encourages creativity by allowing players to create and monetize their own content. Anyone can design voxel-based assets, game experiences, or entire worlds, offering huge potential for creators and developers.

Disadvantages of SAND:

• High Barrier to Entry: Purchasing virtual land or assets in the Sandbox can be expensive, particularly as the demand for popular plots increases. Additionally, creating high-quality content requires skill and time to learn tools like VoxEdit, which may deter some potential users.
• Scalability Issues: Being built on the Ethereum blockchain, Sandbox inherits some of the scalability challenges faced by Ethereum, including high transaction fees during times of network congestion. This could make small transactions (like buying minor in-game items) less affordable for players.

Conclusion:

Based on the above-mentioned price action analysis and technical indicators outlook, The Sandbox (SAND) may witness movement in the upside direction. The trend looks to be in an interesting space and the currency looks ‘Attractive’ given the current price of USD 0.2688 as on July 10, 2025, at 6:00 PM, (GMT+10) Time in Sydney NSW, Australia. However, volatility in the price should be borne in mind when looking at further evaluation for investment scenarios. Markets are trading in a highly volatile zone currently due to certain macro-economic issues and geopolitical tensions prevailing. Therefore, it is prudent to follow a cautious approach while making investment decisions.

Related Risks: Based on the technical analysis, the risks are defined as per risk-reward ratio (~0.80:1.00), however, returns are generated within 1-2 weeks’ time frame. This report may be looked at from high-risk perspective and recommendations are provided are for a short duration. Recommendations provided in this report are solely based on technical parameters, and the fundamental performance of the cryptocurrency has not been considered in the decision-making process. Other factors which could impact the cryptocurrency prices include market risks, regulatory risks, interest rates risks, currency risks, social and political instability risks etc.

Note 1: When a Cryptocurrency price is expected to move upward in the short-term (1-2 weeks), it is termed as 'Attractive’, while if a downward movement in prices is expected in a Cryptocurrency it is termed as 'Non-Attractive'. In general, for an ‘Attractive’ cryptocurrency an exit position can be considered if the Resistance Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. If the cryptocurrency looks ‘Non-attractive’ an exit position can be considered if the Support Levels or Indicative Stop loss mentioned as per the technical analysis has been achieved. Investment decision should be made depending on an individual’s appetite for upside potential, risks, and any previous holdings. This recommendation is purely based on technical analysis, and fundamental analysis has not been considered in this report.

Kalkine reports are prepared based on the crypto prices captured from either REFINITIV or Trading View. Typically, REFINITIV or Trading View may reflect crypto prices with a delay which could be a lag of 25-30 minutes. There can be no assurance that future results or events will be consistent with the information provided in the report. The information is subject to change without any prior notice.’

Note 2: How to Read the Chart?

The Green colour line reflects the 21-period simple moving average (SMA) while the red line indicates the 50-period SMA. SMA helps to identify existing price trends and if the prices trade above the 21-period and 50-period SMA, then in general it shows an uptrend trend.

The Black colour line in the chart’s lower segment is a 14-period Relative Strength Index (RSI) which indicates momentum in trend. A reading of 70 or above suggests overbought status, while a reading of 30 or below suggests an oversold status.

The Blue colour bars in the chart’s lower segment show the volume of the Cryptocurrency. The volume is the quantity that changed hands during the given period. Cryptocurrencies with high volumes are more liquid compared to lesser once and higher volumes help in easier and faster execution of the order.

The Orange colour lines are the trend lines drawn by connecting two or more price points and used for trend identification purposes. The trend line also acts as a line of support and resistance.

Technical Indicators Defined: -

Support: A level at which the Cryptocurrency prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the Cryptocurrency and if the price breaches the level, then Support 2 may act as the crucial support level for the Cryptocurrency. 

Resistance: A level at which the Cryptocurrency prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the Cryptocurrency and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the Cryptocurrency. 

Stop-loss: It is a level to protect further losses in case of unfavourable movement in the Cryptocurrency prices. 

A trailing stop-loss is a modification of stop-loss in case of favourable movement in the price to protect the gains. It is suggested to Trail the Stop-Loss as per the aforementioned levels if the Cryptocurrency price achieves more than 60% of the Resistance 1. individuals, in general, might consider exiting from the position as per the Trailing Stop-Loss level if the price starts moving downwards after achieving more than 60% of Resistance 1. However, these indications need further evaluation basis associated risks and any change in trends. 

The reference date for all price data, currency, technical indicators, support, and resistance levels is July 10, 2025, at 6:00 PM, (GMT+10) Time in Sydney NSW, Australia. The S&P Cryptocurrency BDM Index in this report has been sourced from REFINITIV. 

Abbreviations

CMP: Current Market Price

SMA: Simple Moving Average

RSI: Relative Strength Index

USD: United States dollar

Note: Trading decisions require a thorough analysis by individuals. Technical reports in general chart out metrics that may be assessed by individuals before any Cryptocurrency evaluation. The above are illustrative analytical factors used for evaluating the Cryptocurrency; other parameters can be looked at along with additional risks per se. Past performance is neither an indicator nor a guarantee of future performance.

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