📊 Technical Analysis: $SAND

USDT on Binance

SAND/USDT is showing strong momentum with a significant +47.72% price increase over the last 24 hours. Here's a detailed technical breakdown to guide your trading decisions:

Key Metrics

Current Price: $0.5835

24h High: $0.6517

24h Low: $0.3911

24h Volume (SAND): 350.28M

24h Volume (USDT): 178.28M

Indicators Analysis

1. Bollinger Bands (BOLL):

Upper Band (UP): $0.5271

Middle Band (MB): $0.3904

Lower Band (DN): $0.2537

The price is trading above the upper band, indicating potential overbought conditions and strong bullish sentiment.

2. Moving Average (MA) & Exponential Moving Average (EMA):

Price remains above key moving averages, reinforcing an uptrend.

3. MACD (Moving Average Convergence Divergence):

Signals a bullish crossover, further supporting upward price movement.

Suggested Targets for SAND/USDT

Based on Fibonacci retracement levels and recent market momentum:

1. Target 1: $0.6500 (Resistance from recent high; short-term profit-taking zone)

2. Target 2: $0.7200 (Medium-term resistance, aligns with technical breakouts)

3. Target 3: $0.8000 (Long-term resistance; reflects potential if momentum sustains)

Key Support Levels

Support 1: $0.5270 (Upper Bollinger Band)

Support 2: $0.4500 (EMA and psychological level)

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