$SAND is limping with market and first support is at 500m market cap, thats when usually Binance SAND trading bags are empty and price is around 0.23 range. Today crypto market made new high 3.2t and $BTC hits 93k. Altmarket is in vacuum. If you are not in position yet then best is to wait for market correction. Worst thing is that you can open position at the same levels as today. $DOGE is officially department of government efficiency and Elon is the boss 😎
$SAND is still under heavy manipulation. My suggestion to Binance is that sell all your SAND immediately to market or to Animoca f.e, like you gave 20m already to Animoca few weeks ago and go buy $MANA or smth else. You are the one and only unhealthy factor here and whales are not interested to pump your tiny bags. Just go and try to predict $BTC ETFs inflow/outflow but leave SAND alone!
$SAND is still paralyzed by Binance one-sided manipulation. They got about 55m SAND in their shortterm trading bags, which allows them to trigger stop losses, chase liquidations, cause panic selling, test supports buying power etc. They are not off the table yet, so we just have to make moves like them, since other whales are sleeping. $BTC is holding strong at 85k support and $DOGE is feeling comfortable above 0.35.
If Binance suggest you to learn market or BTC, then actually you should learn Binance behaviour, nothing else!
$SAND just printed new all time low against $BTC and against everything. Despite falling Bitcoin dominance, SAND is still underperforming. Looks like SAND market cap is still too low and Binance can control it perfectly with their small trading bags as long other whales still asleep, no support detected! $DOGE found strong support at 0.35 range.
Also, there is no point to short since 500m market cap is rock bottom for SAND and there are much better opportunities on the market!
$SAND market cap is officially smaller than $MANA market cap after $BTC reaches to 90k. Despite x20 larger userbase, biggest rewards in crypto sector, multibillion funds support etc SAND have to surrender to MANA! MANA market cap outperformed SAND +30% within 2 months!
$SAND have to pump +12% for breakout through 1d SAND/BTC resistance. If SAND can catch weekly resistance then correction would bring it to 0.35 major support. $BTC pumped from 66k to 90k without any correction. $DOGE is already at 0.43, there will be bloodbath like always if BTC doing healthy correction.
$SAND is trying to break out but $BTC may need a healthy 10% correction before, which gives opportunity to buy SAND at 0.25 range again. SAND has suffered under Binance bottom pressure many years already, but its the most profitable area for exchanges since they can liquidate high leverage longs. If you look at coins that were able to break through bottom range then they start flying, like $DOGE f.e. SAND is fully unlocked (25% locked as company reserve) and demand is growing through growing userbase so we shouldnt hang very long in this range!
$SAND got support by biggest funds in the field since beginning. You might think that $DOGE top promoter Elon Musk cant be beaten, but if lookin at multibillion funds that are accumulating SAND since 2020 then you will find some 200b+ funds that are buying SAND. It is just a matter of time when they really start increasing their dominance. One trigger could be fully compatible MOBILE metaverse launch which should happen Q4 2024 and bring about 60m+ new users into SANDBOX metaverse instantly. As we all know then THE SANDBOX is one of the most expensive project exceeding 500m development cost and took about 15y to build.
$SAND printed higher high after BTC hits 82k, still losing against everything. Even $MANA has outperformed SAND +20% since august 2024. We assume that once Binance trading bags (only 10m SAND left) are entirely off the table then SAND starts moving. $DOGE was at 0.08usd in august 2024 while SAND was at 0.25, today both are at 0.29usd range.
$SAND didnt reach to 1d SAND/BTC pair resistance and moreover it didnt even reach to last week SAND/BTC bottom which means its still underperforming to everything, to every single coin / stock / precious metal etc on the market right now! $BTC in healthy correction after 25% non-stop pump and $DOGE in healthy correction after x3!
We do know that biggest selling pressure to SAND is coming from Binance trading bags and manipulations since they have done it since 2021. This time could be different because of x3 bigger volume and BTC new ath at 81k. Despite manipulations, corrections, wars, pandemics, token unlocks etc SAND has never dropped below 500m market cap.
$SAND is nearing first 1d SAND/BTC resistance at 0.35usd, if this breaks then most probably 0.5. To catch market then SAND have to pump x4 from here to around 1.2usd. To catch $BTC it have to pump x6 to around 1.75usd. Targets are only valid if BTC consolidates at 80k range otherwise SAND have to pump even more! $DOGE printing higher highs despite oversold signs.
$SAND needs to rise about 10% to hit 1d resistance SAND/BTC. If BTC decides to rise more then this could drag SAND out of this swamp and next target weekly resistance at 0.43. After 1$ SAND catches the market which ouperformed SAND x4 within last 2 years.
We can be optimistic about SAND because lawsuits from us will be neutralised and crypto can go to discovery mode again after Trump won the elections.
$SAND is literally a chance for everyone to start earning avg 20$/h without any knowledge. Its free and fun social platform to discover brands and meet friends without any borders. BTC will go above 100k this cycle. $DOGE and $ADA are ready for action.
$SAND is preparing for Binance weekly sell-off, this time pressure should be half of what it was last week since Binance SAND trading bags are 50% smaller already. $BTC is consolidating after new ath at 77k. $DOGE gaining momentum.
$SAND was carried through 1d resistance by the market! SAND/BTC pair still waiting for 18% pump to test 1d resistance while the $BTC at the same range. SAND has always tested this trendline, even on the deepest bearmarket. $DOGE preparing for next leg up!
$SAND have to pump 18% to test 1d SAND/BTC pair, which is resistance where Binance always sells. Last time sold 30m there but now is estimated 17m selling pressure by binance since they sold 7m yesterday already, but SAND break through 0.25. $BTC preparing for next leg up. $DOGE waiting for BTC new ath before next leg up.
SAND is ready to breakthrough only after Binance trading bags are off the table, otherwise they will repeat the draining session like last 3 years. They do have 1 longterm bag which has decreased to 10% but never below that! We suppose that it will remain since Binance was 1 of the main seed investors before token launch!