The Sandbox surges nearly 80% as Upbit, Bitthumb lift trading cautions

  • The Sandbox broke above its $0.065 to $0.068 resistance zone after months of consolidation.
  • Nearly 80%: SAND rose above $0.08 as spot and futures volume increased sharply.
  • Upbit and Bitthumb removed trading caution designations following an August bridge-related incident.

The Sandbox has surged nearly 80%, with SAND moving above $0.08 as trading activity increased sharply. The rally followed Upbit and Bitthumb removing their trading caution designations for the token, easing concerns that had weighed on SAND since an August bridge-related incident. The NFT (non-fungible token) asset broke through a resistance zone between $0.065 and $0.068 after several months of consolidation below that range. A sharp increase in daily buying volume accompanied the breakout and pushed SAND toward $0.08, altering its short-term market structure. The rapid advance has raised the question of whether buyers can sustain the breakout or whether increased speculative activity could lead to a decline.

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