Affected by adjustments in the GameFi sector, SAND is expected to remain in range-bound fluctuations in the short term. If it fails to break through the resistance at $0.079, there is a risk of testing the support at $0.074–0.075. In the medium to long term, the recovery in global risk appetite, deeper integration within The Sandbox ecosystem, and increased community activity constitute upward momentum. It is recommended to closely watch the effectiveness of the $0.0745 support level in the short run, and in the medium to long term, consider accumulating at the lower end of the range while awaiting breakout opportunities as risk sentiment continues to improve.

On April 15, impacted by the overall decline in the GameFi sector, SAND dropped by about 2.4% that day, essentially in line with the sector's average loss. From a technical perspective, since April 12, SAND has experienced continued pullbacks after encountering resistance multiple times around the $0.079–0.080 level. However, it has not broken below the short-term support near $0.0745, indicating some willingness among buyers to defend the downside. In the short term, market sentiment remains cautious; if SAND does not reclaim the $0.079 threshold, it is highly likely to further test the support at $0.074–0.075.

According to SoSoValue data on April 15, the crypto market experienced mixed adjustments with most sectors declining. The GameFi sector fell 5.02% in 24 hours, with The Sandbox (SAND) and Axie Infinity (AXS) dropping 2.41% and 1.94% respectively. Only the CeFi and Meme sectors showed relative strength, rising 0.40% and 0.23%. Within CeFi, Gate (GT) and Binance Coin (BNB) increased by 2.52% and 0.66%, while the Meme sector saw Binance Life surge 66.27%.

The majority of the crypto market declined, with the GameFi sector dropping over 5%, while only the CeFi and Meme sectors remained relatively strong.

A ceasefire in the Middle East and significant progress in US-Iran negotiations have greatly reduced geopolitical uncertainty, pushing global risk assets higher. Bitcoin has rebounded above $74,000, and the Nasdaq has set a new all-time record for consecutive gains, which has improved market liquidity. Against this backdrop, SAND saw a swift rebound from April 16 to 17, reaching an intraday high of $0.086 with a sharp expansion in trading volume, reflecting a short-term recovery in bullish sentiment. However, on April 18, SAND retraced from the high to around $0.080, highlighting the need to be cautious of potential disturbances in liquidity and leverage sentiment due to uncertainties regarding US Federal Reserve leadership. From a medium-to-long-term fundamental perspective, The Sandbox's depth in metaverse and GameFi ecosystem development, along with increased community activity, remain the core drivers. Should risk appetite continue to hold up, a new round of upward movement could be established.

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SAND price today is 0.08, with a live price change of -4.39 in the last 24 hours. Convert, buy, sell and trade SAND on Bybit-eu.

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