The Sandbox rises 15%, outperforms a flat market – A warning sign emerges

The Sandbox [SAND] recorded a 15% daily surge and was trading at around $0.0663 at press time. The sharp bullish move outperformed a largely flat crypto market as the token’s trading activity also accelerated to a new weekly high. The network's increasing trading volume has played a key role in the current price surge. At the time of writing, The Sandbox's trading volume had recorded a sharp spike by about 543% to $256.95 million, signaling an abrupt increase in market participation. Adding to the bullish technicals and network trading activity, SAND exchange reserves have also risen sharply over the past 48 hours. Could this signal growing selling pressure just as buyers attempt to extend the breakout?

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