Su'esu'ega tau tupe SAND: SAND Coin Tau ua sauni mo le Toe Fa'aliliuina

  • On a daily time scale, the price of the SAND coin is circling close to the demand zone.
  • On a daily time period, the price of the SAND coin is exhibiting a falling wedge pattern.
  • The price of the SAND/BTC pair is now trading at 0.00002757, up 1.98% over the previous 24 hours.

According to the price action, the SAND coin price is trading SAND the critical demand level. The coin price is currently consolidating. The coin price is forming a reversal chart pattern on a daily time frame. With a strong bullish candlestick pattern on the daily time frame, the coin price can break through the important supply zone of $0.650.

SAND coin price retraces to the short term demand zone

Source: SAND/USDT by tradingview

Sand coin as per the price action if bounces off the demand zone, it can be seen accelerating to the supply zone. The SAND coin price is currently trading below the blue 50 and 100 Moving Average and 14 Simple Moving Average lines. The coin price broke down the demand zone during the previous sell-off which resulted in the breakdown of the important MAs.the SAND coin price can face rejection while moving up from these MAs. 

After failing to surpass the upper band , the Oneone coin price is currently trading at the lower band of the Bollinger band indicator. At the moment, the Bollinger band range has expanded, indicating a sideways trend in the coming days. Volumes have increased since the coin became volatile.

The SAND coin price is forming a falling wedge pattern on a daily time frame

Source: SAND/USDT by tradingview

The SAND coin price is trading at the demand zone, after failing to surpass the supply zone. Recent bearishness has resulted in the coin price breaking the super trend buyline which was acting as a strong support area. The recent breakdown has resulted in the formation of a super-trend sell line. Moving upwards the coin price can be seen facing strong rejection off the supertrend sell line.. 

MACD indicator has given a negative crossover as the coin price fell to the demand zone. The blue line crossed the orange line on the downside. This has resulted in the coin price falling strongly in a 4-hour time frame. Recently the SAND coin price rose after the breakout of long-term support area as a retest. As of now, the coin price has started consolidating again after falling off the supply zone and as a result, the gap between the blue and orange lines can be seen widening supporting the trend.

O le ADX o loʻo faʻaauau pea ona pa'ū ona o le tau o tupe siliva na gau ai se sone manaʻomia taua i luga o le taimi faʻavaiaso. E pei o le taimi nei, o le tau o tupe siliva o loʻo fefaʻatauaʻi i luga aʻe o lenei sone manaʻomia taua. O le sone mana'oga o lo'o galue malosi nei ona o le tau o tupe siliva o lo'o fa'aalia ai le bullishness. I le taimi nei, o le tau o tupe siliva o loʻo fefaʻatauaʻi i se malosi malosi, ma afai e faʻaauau pea le tau o tupe siliva e mafai ona vaʻaia le siitia maualuga i aso a sau. O le ADX curve ua liliu i autafa e faʻaalia ai le taofi i le tau faʻatapulaʻaina ma le ono mafai ona suia le gaioiga o le tau o tupe siliva.

Faaiuga: SAND coin price is in a bearish trend on a lower time frame. While on a larger time frame the coin is consolidating in a small range. The technical parameters are also seen supporting the trend as they turn bullish. Investors should wait for a confirmation of the breakout of the reversal chart pattern and then act accordingly.

lagolago: $ 0.48 ma le $ 0.46

tetee: $ 0.56 ma le $ 0.59

Tuuese

O manatu ma manatu o loʻo taʻua e le tusitala, poʻo soʻo se tagata o loʻo taʻua i lenei tusiga, e mo naʻo manatu faʻamatalaga, ma latou te le faʻavaeina tupe, tupe faʻafaigaluega, poʻo isi fautuaga. O le teu fa'afaigaluegaina po'o le fefa'ataua'iga o aseta crypto e sau ma se tulaga lamatia o tupe gau.

O tala fou a Andrew Smith (vaai uma)

Source: https://www.thecoinrepublic.com/2023/03/12/sand-coin-price-analysis-sand-coin-price-poised-for-reversal/