SAND’s Falling Wedge Pattern Hints at Major Rebound - $6.80 Target in Sight

The Sandbox's chart just flashed a classic reversal signal—and it's pointing north.

Technical traders are circling the SAND chart after spotting a textbook falling wedge formation. These patterns don't guarantee a breakout, but when they do, the moves can be explosive. The projected target? A climb back toward the $6.80 zone.

Why This Pattern Matters

Falling wedges often act as compression springs. Price gets squeezed into a narrowing range during a downtrend, building energy. A decisive break above the upper trendline typically unleashes that pent-up pressure, sending assets soaring toward measured-move targets. For SAND, that calculation lands near $6.80.

The Metaverse Catalyst

It's not just lines on a chart. The broader metaverse narrative continues to simmer, with major brands and creators steadily building digital estates. The Sandbox remains a prime parcel in that virtual land rush. Real utility—not just speculative fever—could provide the fundamental thrust behind any technical breakout.

A Word of Caution

Remember, chart patterns are probabilities, not promises. The market has a PhD in humbling overconfident analysts. Always pair technical setups with sound risk management—because in crypto, the only 'sure thing' is volatility.

Watch for a confirmed close above wedge resistance. If buyers step in, the path toward $6.80 opens up. If not, it's back to the drawing board. Just another day for digital asset traders, where hope and pattern recognition battle it out across the ledger. After all, what's finance without a little storytelling to go with the numbers?

SAND Technical Indicators Suggest a cautious Optimism

Technically, The Sandbox (SAND) on a daily timeframe shows a downtrend with candlestick patterns indicating persistent selling pressure, while wide Bollinger Bands reflect high volatility and market uncertainty. The 20-day SMA sits well above the current price, reinforcing strong bearish momentum, with minor pullbacks repeatedly failing to break resistance.

Source: TradingView

RSI is 28.17, which is below the oversold level of 30, indicating that a slight resumption of the upward movement is likely. However, the MACD is still bearish, as the MACD line is marginally below the signal line. There is a caution that despite being oversold, it indicates that a fall could continue before any resumption of the upward movement.

SAND Eyes $6.80 Rally After Falling Wedge Formation

Moreover, the crypto analyst, Jonathan Carter, highlighted that the SAND token is testing the lower boundary of a falling weekly wedge pattern, which is a technical analysis pattern that is often indicative of a reversal in the market. However, strong buying pressure is evident at this critical support point for SAND, suggesting that the markets could be preparing for a rebound.

Source: Jonathan Carter

Technical analysis reveals a clear course of action for maximizing gains, with critical levels of $0.22, $0.40, $0.90, $1.45, $2.60, $3.85, and $6.80 to be reached. If the current support for SAND remains, it is likely that it WOULD march through these levels step by step. Analysts reveal that it could unlock its potential in the upcoming weeks.

Observers believe that the current structure of SAND could trigger a multi-phase rally for the token, allowing it to recover key levels. It is crucial for the upcoming weeks as the crypto passes through this critical support area. Investors continue to position themselves in anticipation of what could turn out to be a major positive recovery.

Also Read: The Sandbox (SAND) Price Outlook: Bullish Setup Points to $1.60 Recovery Target