SAND rebounds by 7.89% against the trend, signaling a collective recovery in metaverse tokens

According to the latest news, as of January 21, The Sandbox (SAND) is currently priced at $0.15, up 7.89% in the past 24 hours, reaching a high of $0.16. The 24-hour trading volume reached $203 million, and market capitalization increased to $396 million, a rise of $29 million compared to yesterday. This rebound is particularly noteworthy because just two days ago, SAND had fallen 11.18% amid a collective plunge in the GameFi sector.

From Plunge to Rebound: The Turning Point

Rapid Reversal of Market Sentiment

On January 19, the crypto market experienced a broad correction, with the GameFi sector leading the decline at 8.58%, and SAND dropping 11.18% on that day. However, starting January 20, market sentiment showed a clear shift. According to recent reports, SAND has risen 16% over the past week and 27.11% over the past 30 days, indicating that the 7.89% rebound in the last two days is just part of this recent recovery.

Dual Support from Trading Volume and Capital Inflows

The 24-hour trading volume reached $203 million, a change of 188.45% from the previous day, indicating a significant increase in market participation. Meanwhile, market cap grew by $29 million, reflecting ongoing capital inflows. Sufficient trading volume provides effective support for price increases, preventing artificial inflation.

Background of the Collective Recovery in the GameFi Sector

Metaverse Token Correlation Performance

SAND’s rebound is not an isolated phenomenon. According to the latest reports, Axie Infinity (AXS) surged 115% over the past week, far surpassing SAND’s 25% increase. The synchronized rise of these two leading GameFi tokens has sparked discussions about a “Metaverse Season” revival.

Stable Project Fundamentals

The Sandbox, as a leading metaverse project, currently ranks 107th by market cap, with a circulating supply of approximately 2.667 billion SAND tokens out of a total supply of 3 billion. Although down about 98% from its all-time high in 2021, the project’s infrastructure and ecosystem development continue to progress.

Technical Breakout Signals

Potential Breakout of Descending Wedge

According to the latest technical analysis, SAND is testing the lower boundary of a weekly descending wedge pattern. This price range ($0.12–$0.16) is considered a critical support level. If a breakout occurs, technical momentum could shift upward.

Significance of Key Price Levels

The current $0.15 level represents a crucial support point during SAND’s recovery phase. The 24-hour high of $0.16 is close to the wedge’s upper boundary. If a successful breakout above this level occurs, it could open further upward space.

Possible Future Trends

Based on current data, SAND’s rebound has a solid foundation. The significant increase in trading volume indicates a recovery in market participation, beyond just technical rebound factors. The overall recovery trend in the GameFi sector also provides external momentum for SAND.

However, it is important to note that the crypto market remains highly volatile. Although SAND has risen 16% over the past week, short-term support at $0.12 needs to be closely watched to see if it can hold, and whether it can break through the resistance at $0.16.

Summary

SAND’s transition from a plunge to a rebound within two days reflects a rapid shift in market sentiment and dynamic capital flows. Sufficient trading volume and ongoing capital inflows substantiate this rebound. More importantly, this rebound signals a collective recovery in the entire GameFi sector, with the metaverse track regaining market attention at the beginning of 2026.

For investors, key points are whether SAND can stabilize above $0.15 and break through the resistance at $0.16. From both technical and sentiment perspectives, there is short-term upward potential, but market volatility risks should still be carefully monitored.