SAND price action shows a growing uptrend leading to a potential support trendline teasing a price jump above the 50-day SMA. Key technical points: The SAND market price action teases a cup and handles pattern in the daily chart. The price action attempts to breach the $1.10 resistance level. The 24-hour trading volume of Sandbox is $200 Million, indicating a rise of 15.42%. Past Performance of SAND An Incredible U-shaped turnaround in SAND prices from the $0.075 mark resulted in a rounding bottom pattern, accounting for a 60% jump within a week. The buyers fail to surpass the 50-day SMA resulting in a drop to the $1 mark. Nonetheless, the buyers manage to sustain the $1 threshold, tease a cup and handle pattern formation in the daily chart. Source- Tradingview SAND Technical Analysis SAND prices showcase a fall in trading volume during the retracement to $1, teasing the likelihood of a bullish reversal surprisingly opposing SMA. Hence, traders can find the freshly forming morning star pattern leading to a breakout rally surpassing the $1.45 Mark. The MACD indicator Shows the fast and slow lines struggling to sustain the uptrend as they approach the zero line. Hence, the diminishing bullish spread increases the likelihood of a bearish crossover restarting the downtrend. The RSI indicator showcases a rounding reversal from the 14-day SMA and teases to surpass the halfway line. Hence, the indicator showcases growth in the underl...
