The Sandbox price charts show where another wave of selling could occur
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.The Sandbox experienced a security issue toward the end of February.
This occurred when an employee’s computer was accessed by an unauthorized third party. Emails containing malware were sent out that were falsely claimed to be from The Sandbox.Read The Sandbox’s [SAND] Price Prediction 2023-24The Sandbox has been bearish on the charts since 22 February.
This security incident might not have swayed near-term sentiment to bearish, for the sentiment was already in favor of the sellers.Source: SAND/USDT on TradingViewThe H4 bearish market structure break was highlighted in orange and shifted the bias toward the bears.
At the same time, the Awesome Oscillator also fell beneath the zero line and showed a strong downtrend in progress.At the time of writing, the AO did not yet step back above the zero line.
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