$SAND
Based on the SAND/USDT chart, I will analyze the key technical factors:
POSITIVE POINTS:
1. Price trend:
- Current price ($0.65129) is strongly increasing +10.62%
- Trading above most major MA lines
- Recent large volume breakout indicates investor interest
2. Technical indicators:
- RSI(6) at 62.47 shows positive momentum but not overbought
- MACD is giving positive signals with green histogram
- 24h trading volume reached 672.56M USDT, quite high
POINTS TO NOTE:
1. Adjustment risk:
- Price has risen quite quickly, short-term fluctuations may occur
- Nearest resistance area at $0.69274 (24h high)
2. Recommendations:
- Short-term investors: Can trade according to the trend, set stoploss below MA50
- Medium-term investors: Can accumulate gradually at adjustment phases
- Important support area around $0.58-0.60
Note: This is just a technical analysis, investors need to monitor further:
- News and movements of the SAND project
- General developments in the crypto market
- Manage risks and capital according to individual trading strategy