#2025加密趋势预测
$SAND The price is soaring! Can it break through the $1 mark in one fell swoop?
SAND's bullish pennant pattern has broken out, with a target price of $1, and the price movement above $0.62 provides strong support.
The decline in foreign exchange reserves and the bullishness of multiple chain indicators have added momentum to the price increase.
Sandbox (SAND) broke through the key resistance level of $0.62 and formed a bullish flag on the daily chart, which boosted traders' confidence.
The breakthrough indicates that SAND is expected to hit $1 driven by the increase in market momentum and improved on-chain activity.
Currently, SAND is trading at $0.6308, up 8.6% in 24 hours. But it will face new resistance levels next, and it remains to be seen whether it can maintain its gains.
SAND price trend analysis
SAND's recent price movement is in line with the bullish pennant pattern, with $0.62 becoming a key price level.
After breaking through this resistance level, buying enthusiasm is high, indicating that the price is expected to continue to climb.
Therefore, SAND's next target is $0.75, while $1 is a psychological price level to watch.
Of course, there are also negative factors, such as a pullback that may test the $0.43 support level, especially if the bullish momentum weakens.
On-chain signals show increasing interest
On-chain indicators also support SAND's bullish outlook. The network net growth rate increased by 0.3%, indicating stable user adoption; 0.83% of holders are now profitable;
In addition, a surge of 10.96% in large transactions indicates an increase in activity from institutional traders.
These indicators all point to a growing interest in SAND, but it is also important to keep an eye on changes in the concentration of major shareholders.
Can SAND reach $1?
SAND has a strong potential to break through the $1 mark, thanks to the breakout of its bullish pennant pattern, improving on-chain indicators, and reduced selling pressure.
But to maintain this momentum, it will also need to overcome key resistance levels and maintain market optimism. The next few days will be crucial to determine the trend of SAND.
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