The Sandbox ($SAND) is experiencing a bullish phase, with its price surging approximately 30% recently, driven by increasing interest in metaverse and blockchain gaming projects. It is currently trading near $1.02–$1.03 and has shown significant growth over the past month, up more than 248%. Trading volumes have spiked by 189%, indicating heightened investor activity. Analysts suggest that $1 could be a short-term target if buying momentum continues.

However, market risks remain, as $SAND is still far from its all-time high of $8.44. Technical indicators show strong momentum but suggest the token is in overbought territory, which could lead to a pullback if selling pressure increases. The price could test support levels around $0.80 or lower if sentiment weakens.

The Sandbox's efforts to expand its ecosystem, including partnerships and its decentralized governance structure (The Sandbox DAO), continue to fuel optimism about its long-term potential.

will $SAND hit it's all time high soon?