PlanetSandbox (PSB)

1. Fundamental Analysis

1.1 Introduce

Planet Sandbox is the ultimate physics-powered sandbox shooting game that allows players to build and own arenas to fight other players in different game modes using their own NFT weapons and accessories. Powered by the PSB and PULV tokens, Planet Sandbox has created multiple play-to-earn opportunities within their Metaverse.For example, Sandbox owners can customise their land with limitless building items and design game modes for others to join and play. The land will become a business where players can sell or earn passive income through the marketplace. Aside from the builder tool, there are Multiplayer game modes that allow players to choose their favorite sandbox and compete with others in intense fighting games (such as deathmatch and hunting prop) to earn prizes. The beta version of this game is expected to be released this November.

1.2 Basic Info

2. Technical Analysis

2.1 Kline Data

2.2 Analysis

The recent price action shows a period of consolidation followed by a significant price surge, subsequently retracing somewhat. Volume increased dramatically during the surge, suggesting strong buying pressure, but this momentum has waned. While short-term indicators point to potential volatility, the overall trend remains uncertain and requires further observation before a definitive prediction can be made. The price is currently testing key support levels, and a break below these could signal a further decline. Conversely, a sustained break above recent resistance could indicate a resumption of the upward trend. Further analysis incorporating additional indicators is recommended.