[ad_1]
The Sandbox (SAND) has been capturing attention in the cryptocurrency market, with its price by raising 32.6% during the last week to USD 0.3517.
Despite this impressive gain, Token has faced a 4.1% drop in the last 24 hours.
In addition to market dynamics, the HASHED cryptocurrency investment company recently deposited 18.45 million Sand tokens, valued at approximately USD 6.3 million, in Binance.
Hashed (@HaShed_oficial) deposited 18.45m $ Sand($ 6.3m) to #Binance 2 Hours ago.
Hashed Is Vary Good at Buying Low and Selling High – Just Last Month, They Withdrew 11.36m $ Sand($ 2.9m) from #Binance at $ 0.26. Since them, $ Sand IS UP 35%.https://t.co/nbfrqu5wf2 pic.twitter.com/lymx4wqxkg
– Lookonchain (@lookonchain) May 13, 2025
This important transaction has caused discussions between traders and analysts about its possible impact on the trajectory of the Sand price.
Recent Sand prices movements
In the last 24 hours, Sand has quoted between 0.337 and 0.3706 dollars, which reflects the volatility inherent to the cryptocurrency market.
Despite the recent fall, the Token has shown resistance, with a notable increase of 32.6% in the last seven days, going from a minimum of $ 0.2641 to a maximum of 0.3679 dollars.
In a broader temporal horizon, Sand has gained 17.4% in the last 14 days and 33.2% in the last month, indicating a strong upward trend.
However, it is worth noting that during the last year, the Token has decreased by 16.7%, which highlights the cyclical nature of cryptocurrency investments.
Impact of Hashed’s tokens strategic movement
In particular, today’s transaction, valued at around USD 6.3 million, follows a strategic withdrawal of Hashed last month.
On April 10, 2025, at 3:00 PM UTC, Hashed withdrew 11.36 million Binance Sand tokens when the price was $ 0.26, for a total of 2.9 million dollars.
Since then, the Sand price has appreciated 35%, reaching $ 0.35 before the recent deposit.
Today’s deposit of such a large amount of Sand in Binance could indicate that Hashed is preparing to sell, which could exert down the price on the price.
This is especially relevant given the increase in the volume of operations observed after the deposit.
Immediately after the deposit, the commercial activity increased, with the volume in the PAR SAND/USDT jumping to more than 25 million SAND in the following time.
This was significantly higher than the previous average of 24 hours of 15 million SAND.
The increase in activity suggests that traders are reacting quickly to the news, possibly anticipating a price movement.
From a technical perspective, the relative force index (RSI) is in 64 after briefly entering the overcompra region in the daily chart, which suggests that, although Sand has had an upward trend, it is currently cooling in anticipation of the next movement.
The MACD also indicates a setback with a decreasing histogram and the MACD and the signal lines converge.
If the price falls below the $ 0.31 support, we could witness a new support test around 0.27 dollars.
However, if the $ 0.31 support is maintained and the resistance of 0.3627 dollars is broken, the token could recover its upward impulse, boosting it towards $ 0.41.
However, it is important to keep in mind that the cryptocurrency market in general has experienced mixed feelings, which could influence the appetite for the risk of assets such as SAND, although the metovers and games tokens, including SAND, have recently gained ground, driven by the renewed interest of investors in virtual reality projects.
Being attentive to negotiation volumes, technical indicators and the general feeling of the market will be crucial for those who seek to capitalize or protect against possible price oscillations in the next few days.
[ad_2]
https%3A%2F%2Fcoinjournal.net%2Fes%2Fnoticias%2Fla-prediccion-del-precio-de-sandbox-en-medio-del-deposito-de-hashed-de-18-45-millones-de-tokens-sand-a-binance%2F