The $SAND has been consolidating for a full 149 days since the high point in March, and only recently began to break out with increased volume. It first broke through the daily resistance line directly, and although it pulled back afterwards, it never fell below the daily trend.

During this process, it was clearly washing out the uncertain chips. Once the chips were concentrated in the hands of the major players, they began to increase volume and pull up, recovering the previous 149 days of losses in just 4 days.

In such a trend, retail investors basically cannot hold onto many chips, as most are absorbed by the major players who start to pull up, waiting for retail investors to chase after the increase.

Now, it is just one step away from breaking through at the weekly level. If it can steadily stay above 0.82, then the upper space will open up, and there's a possibility for it to go above 3 dollars.