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The Sandbox token gained an intraday 7% and 14% in a week<\/p>\n<\/li>\n
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The cryptocurrency has been hit hard by a slowdown in metaverse activity<\/p>\n<\/li>\n
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SAND faces rejection at the descending trendline<\/p>\n<\/li>\n<\/ul>\n
The\u00a0Sandbox price<\/u><\/a> (SAND) rose by more than 7% on Monday, extending the weekly gains to nearly 14%. The recovery came amid a prolonged bear market and limited activity in the metaverse. But how far can the Sandbox token sustain the recovery?<\/p>\n
SAND trades at $0.62, a significant drop from its all-time high of $8.5 in November 2021. The decline has been fueled by a prolonged crypto development and a slowdown in metaverse activity. As the crypto sector recovers and more firms enter the nascent virtuality reality space, SAND will be back to a rally. But that is in the longer term. The short-term shows that the Sandbox token could continue rising, but bulls will face a major test at the descending trendline.<\/p>\n
SAND price analysis and outlook as momentum improves<\/strong><\/h2>\n
From the chart below, SAND has been trading on a system of lower lows and lower highs. That has resulted in the formation of a descending trendline.\u00a0<\/p>\n
![](\"https:\/\/media.igms.io\/2022\/11\/05\/1670279112281-d0c72c0d-0281-43cb-b541-392b360d6eda.png\")
<\/p>\nSAND\/USD Chart by TradingView<\/u><\/a><\/p>\n
The RSI has shifted above the midpoint for the first time since November 9. A bullish MACD crossover was initiated recently, in line with the improving momentum. However, the MACD remains below the neutral point.<\/p>\n
What next for SAND?<\/strong><\/h2>\n
The short-term rally in the Sandbox token is likely to be sustained in the short term. To confirm a sustained surge, the token must overcome the descending trendline. If considering\u00a0buying SAND<\/u><\/a> now, beware of a potential rejection at or near the descending trendline.<\/p>\n
On the flipside, if SAND rises above the descending trendline, the next potential level to watch would be $0.93.\u00a0<\/p>\n
Where to buy SAND<\/strong><\/h2>\n
\n eToro<\/h3>\n
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto\/fiat and crypto\/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.<\/p>\n