In November, SAND sandbox tokens increased 260% before the P2E meta-world went live.

SAND, the native version of Animoca Brands' blockchain-based gaming platform, Sandbox, was added on November 23, reaching new heights as the increase increased throughout November.

SAND prices rose 16.25% during the day before climbing to $ 5.64. There have been some minor adjustments as of this writing, and the exchange rate is $ 5.54. This allowed Sandbox tokens to fetch a return of almost 260% and over 14,700% this year and this year, with a market value of over $ 5 billion, making it the 41st largest crypto. -currency in the crypto-currency space.

There are many catalysts after the rate explosion.

Part of this month's success is due to the fact that Sandbox has announced that it will launch the meta world in part during its Alpha Play and Earn (P2E) event, which kicks off on November 29 at 1:00 p.m. UTC.

The initial blockchain has confirmed that it will select 5,000 players who can earn up to 1,000 SAND (currently valued at $ 5,540) and 3 NFTs during the 18th Virtual Sandbox Experience.

Get ready for Sandbox Alpha!

Release scheduled for November 29

Anyone can know Alpha Hub and all of us.

Get 5,000 Alpha Pass, extra points, NFT and 1,000 SAND!

See https://t.co/63iAl5MMmS for more details.

Sandbox (@TheSandboxGame) November 16, 2021

Additionally, over the past 24 hours, purchases have increased in the SAND market, pushing the price of Bitcoin against the dollar by over 37% and over 40%, respectively. Indeed, Sandbox can form partnerships with the main sports teams of Adidas.

Adidas took to Twitter on Monday to discuss the possibility of developing an “adiVerse” brand name with support from Sandbox.

“Who loves Adibus?

What can @TheSandboxGame do? "

-adidas Originals (@adidasorigins) November 22, 2021

At the time of publication, the tweet had received nearly 1,450 repeat visitors and 4,400 likes.

The RSI deviates from different rates

Although there are important factors, SAND recovery is only an asset as the price difference shows the difference by the Relative Strength Index (RSI).

Specifically, the RSI usually reverts to higher values ​​when the market goes up and lower when the market goes down. Sometimes the RSI and the market move at different levels, so called RSI diverges.

In other words, falling RSI and rising market indicate the difference between falling. It should be noted that SAND has developed similar RSI differences since November. This is a sign that the bullish movement is slow.

It doesn't mean the bull market is over, but it does tell people that there may be an impact in the short term. The chart below shows the potential entry and exit target for the next few trading days, according to the Fibonacci retracement chart with a low of $ 0.17 and a high of $ 8.72.

If a decline occurs during testing at the 0.382 Fibo level of $ 5.45, SAND may fall back to the next support near the $ 4.45 level, the 0.5 Fibo level. He was protected during the SAND augmentation from November 18 to 22.

The exchange, which continues above US $ 5.45 with growth, could give SAND the opportunity to test US $ 6.70 (Fibonacci level 0.236) as its target rises further.