![The Sandbox [SAND]: Will bearish history repeat itself with new unlock?](https://i.headtopics.com/images/2023/2/14/cryptoamb/the-sandbox-sand-will-bearish-history-repeat-itsel-the-sandbox-sand-will-bearish-history-repeat-itsel-1625398184963981312.webp)
SAND tokens worth $260 million would be unlocked soon. On-chain metrics and market indicators looked bearish. Token Unlock revealed a major update related to The Sandbox [SAND], which could have a major impact on the network. As per a 13 February tweet, 372.57 SAND worth $260 million would be unlocked. The newly unlocked tokens would […]
This update might concern investors, as, if historical trends were to be considered, things might get tougher. Last year, there were two SAND unlocks, both of which were followed by price declines., SAND’s price has already declined by over 10% in the last 24 hours, and the unlock could push its price even lower. At the time of writing, SAND was trading at $0.6664 with a market capitalization of over $998 million.
The distance between the 20-day Exponential Moving Average and the 55-day EMA was reducing, increasing the chances of a bearish crossover soon. Nonetheless, the Chaikin Money Flow went up slightly, which was a bullish move.Subscribe to get it daily in your inbox.
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