Sandbox's SAND price has recorded a new 52-week high, reclaiming the $1 mark after a significant monthly surge of over 300%. This impressive rise has caught the attention of investors and analysts alike, suggesting a bullish outlook for the cryptocurrency.
The EMA 50/200-day indicator has formed a Golden Cross on the 1D time frame, a technical pattern that often signals the potential for continued upward momentum. This development hints at a possible price target of $1.50 in the coming periods.
Short-term bullish price targets have been identified at $1.07 and $1.25 respectively. This bullish trend aligns with the current milestone reached by Bitcoin, which has also impacted the broader crypto market positively.
