SAND is showing early signs of strength off the long-term demand zone near $0.23–0.24, where it's been accumulating for several months. Price just printed a strong weekly bounce, up +16%, reclaiming the bottom of the range.
This area has acted as a key base since mid-2023 — with each touch producing a notable reaction. Now trading at $0.286, SAND is attempting to rotate toward the top of the established range.
Key Levels
Support (Range Low): $0.23–0.24 (strong demand zone)
Resistance (Mid-Range): $0.43
Range High: $0.85
A clean flip of the mid-range ($0.43) could open the door to test $0.70+.
📌 Risk management: A break and weekly close below $0.23 invalidates this setup. As long as it holds, the upside potential is attractive from a risk/reward standpoint.
This is a classic accumulation > reclaim > expansion structure. Let the chart speak if the range holds, the rotation is in play.
This area has acted as a key base since mid-2023 — with each touch producing a notable reaction. Now trading at $0.286, SAND is attempting to rotate toward the top of the established range.
Key Levels
Support (Range Low): $0.23–0.24 (strong demand zone)
Resistance (Mid-Range): $0.43
Range High: $0.85
A clean flip of the mid-range ($0.43) could open the door to test $0.70+.
📌 Risk management: A break and weekly close below $0.23 invalidates this setup. As long as it holds, the upside potential is attractive from a risk/reward standpoint.
This is a classic accumulation > reclaim > expansion structure. Let the chart speak if the range holds, the rotation is in play.
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Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.