Sandbox Price Breaks Out: Can SAND Continue its Rally Through October?
The Sandbox (SAND) token has surged nearly 80% in value after trading activity picked up sharply. The rally followed the removal of trading caution designations for SAND on Upbit and Bitthumb, easing concerns related to a bridge-related incident in August.
The SAND price broke out of a multi-month range by rising above $0.08, with spot and futures volume increasing substantially. However, the question remains whether buyers can sustain the breakout or if surging speculative activity could trigger a drop.
With its short-term market structure changed, SAND's next major resistance area sits around $0.09 to $0.10. If it continues to hold above $0.068, this level could be reached soon.