$SAND #SAND ↗️ 🟩 X2-X3🚀 #PUMP ▶️ more strategies @INVESTIDEAUA
📊 ON graph 1w. ↗️🟩 FORMATION ▶️ Breakdown of the LONG structure, growth to $1.0470
📊 ON 3D graphics. ↗️🟩 ACCUMULATION DUE TO FORMATION ▶️ W, growth to $1.1580
📉 Correction is POSSIBLE 📊 ON chart 2h ↘️ 🟥 0.6208 – 0.4129 $
🤔 Rationale:
🔥 Elimination heat map:
▶️Magnetic Zone: A concentration of liquidation levels in a certain price range can indicate that price is likely to move towards that zone.
▶️Support/Resistance Zone: In high liquidation zones, large traders or “whales” can quickly execute trades at favorable prices. Once they enter or exit orders within this liquidity, the price can reverse.
🔸Total number of coins on the exchange. As reserve values continue to rise, this indicates increasing selling pressure and generally shows a contrary price trend.
🔸Net deposits on exchanges are low compared to the 7-day average. Smaller deposits can be interpreted as lower selling pressure.
🔸 Capital Flows: Increased from -874,314.00 SAND in the last 7 days to 942,070.00 SAND, indicating an upward trend. The positive shift in capital flows, moving from an outflow of SAND 874,314.00 to an inflow of SAND 942,070.00 over the past week, appears to correlate with a 26.35% rise in SAND prices, suggesting that capital inflows may be driving factor underlying the token's recent price movements.
📈Technical characteristics:
🔸 The RSI indicates an overbought condition where 78.00% of the price movement in the last 2 weeks has been upward and a trend reversal may occur.
🤔#SAND announced the qualifying stage for participation in The Sandbox Roster Challenge, which will take place on March 16th. This event will be a key stage in the selection for the team.
In March, a collection of avatars #Hellboy (2019) will appear in The Sandbox metaverse.