$SAND

Recently, there has been a significant rise in the blockchain gaming market, with established projects such as SAND, MANA, and AXS all experiencing gains, and the rotation effect in the sector is evident. However, after three years of reshuffling, the sustainability of this sector is still worth paying attention to.

Taking SAND, which has seen a large increase recently, as an example, it experienced a 149-day adjustment since its peak in March, and then for the first time broke through the daily resistance line. Subsequently, during the pullback process, it did not break below the daily trend and washed out the weak hands, after which it began to rise sharply.

In just four days, it made up for the 149-day decline. In this case, the retail investors do not hold much, mainly due to the whales accumulating positions before starting the rise. As retail investors see the increase and chase in, it is currently just a step away from breaking through at the weekly level. If it can stabilize above 1.0, it is expected to rise to above 3 dollars.