From Coinpedia · By Sahana Vibhute
Story HighlightsThe Sandbox price is rebounding with increased trading activity, signalling renewed market participation; sustained buying pressure is pivotal
SAND could reach $0.10 in 2026, provided broader crypto market conditions improve, and the The Sandbox ecosystem attracts stronger investor interest.
The Sandbox price has gained significant attention in the past few weeks, with a surge of over 170% that attracted some correction. After experiencing months of downward pressure, the crypto is showing signs of recovery, bringing it back into focus. On the other hand, the derivative activity is also on the rise, but the concern arises with the cumulative volume delta, which suggests the buying pressure remains uncertain.
Now that the SAND price is trading around $0.062, all eyes are on the local resistance zone close to $0.07; breaking it would see the metaverse token rise above the bearish influence. Now the question arises: will the rally see further upside, or will renewed selling pressure derail the recovery?
SAND Price Faces Resistance at $0.069
The SAND price recovered from its September lows around $0.035, followed by a sharp October rally to $0.08 and a subsequent pullback. Currently, the price trades around $0.063, with the immediate hurdle at $0.069. The latest rebound seems to have attracted the bulls, as the trading volume has been on the rise, with the 24-hour volume increasing by nearly 560%, reaching $225 million. Therefore, an extended upswing beyond the immediate resistance at $0.07 could open the way toward $0.08 and higher levels.
The RSI has rebounded from average levels, signalling that bullish momentum has recovered but remains unconfirmed. Meanwhile, on-balance volume jumped sharply, reflecting increased trading activity without confirming sustained spot buying. For now, SAND’s price action points to a potential recovery rather than a confirmed trend reversal. Reclaiming $0.069 would strengthen the bullish case, while failure to hold support could put the October rally at risk.
Rising Open Interest & Negative Funding Rate Hints at Volatility
SAND’s derivatives data shows a sharp increase in market participation following the October rally; underlying buying pressure remains uncertain. Rising open interest and negative funding rates leave room for a potential short squeeze, while declining CVD points towards continued selling pressure.
Open Interest: The OI has experienced a significant rebound from the local lows around 23.40M to 45.65M, indicating a rise in derivative activity
Funding Rate: The funding rate has turned extremely negative to -0.8900, indicating that short traders are paying long traders, suggesting bearish positioning
Spot CVD: The spot CVD has declined to -55.66M after a brief spike during October’s volatility, suggesting aggressive selling has outweighed aggressive buying. This raises questions about whether the spot demand can sustain the recovery