$SAND SAND/USDT Perpetual Analysis

Key Metrics:

• Price: $0.78088 (+1.01%).

• 24H High/Low: $0.86896 / $0.52232.

• Moving Averages (MA):

• MA(5): $0.74642.

• MA(10): $0.75183.

• MA(50): $0.61956.

• MA(100): $0.48824.

Technical Indicators:

1. Price Action:

• SAND has seen a strong recovery, currently holding above key moving averages (MA5, MA10, and MA50).

• The recent candle formations suggest consolidation after a significant bullish breakout.

2. Volume Analysis:

• Volume has surged, confirming the bullish momentum.

• OBV (On-Balance Volume) indicates consistent buying pressure, supporting further upside potential.

3. MACD:

• Neutral zone with a slight negative divergence, suggesting a cooling-off phase or minor retracement before resuming an uptrend.

4. RSI:

• RSI(6): 62.12 (Bullish, but nearing overbought).

• RSI(24): 62.86, reflecting steady upward momentum.

Trading Strategy:

Bullish Continuation:

• Entry Point: $0.785 (if price breaks above consolidation zone).

• Targets: $0.820 → $0.850.

• Stop Loss: $0.750.

Bearish Retracement (Cautionary):

• If price fails to hold above MA(5), expect retracement to:

• Support Levels: $0.740 → $0.700.

Market Sentiment:

SAND is bullish in the short term, supported by strong volume and momentum indicators. Watch for consolidation or minor retracements as opportunities to enter long positions, keeping a close eye on RSI to avoid overbought conditions.