SAND had a range trend during the past weeks. The price of Sandbox has fluctuated within the price range of $0.85. The trend's momentum is still bearish, and the resistance considered in the range of $0.84 to $0.860 has not yet been broken. We can also consider a short-term downward channel for the price. If the support in the $0.82 range is lost, further declines could continue to the previous floor range of $0.740 - $0.660.
For the price trend to enter the upward phase again, a high trading volume is needed to break the resistance of the rand at $1. Otherwise, at best, the trend of the sandbox currency can be in the current support range. In the 4-hour time frame, minor support has been drawn in the range of $0.837 to $0.845, and for the short term, as long as this support is maintained, the direction of the price movement can continue to the range of $0.90 to $0.94.
For the price trend to enter the upward phase again, a high trading volume is needed to break the resistance of the rand at $1. Otherwise, at best, the trend of the sandbox currency can be in the current support range. In the 4-hour time frame, minor support has been drawn in the range of $0.837 to $0.845, and for the short term, as long as this support is maintained, the direction of the price movement can continue to the range of $0.90 to $0.94.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.