As you can see, the SAND price has been on an uptrend since the 0.27 cents range. After breaking the long-term downtrend line and pulling back to it, it is currently trading at 0.54 cents.
In the long term, the probable scenario is as follows:
Given the current trend, the price is expected to rise to the target of 0.68 cents.
To better understand the continuation of the price movement, we need to see how the price reacts to the target range.
If the price breaks above 0.68 cents and stabilizes above it, long-term targets of 0.82 cents, 1 dollar, and a new HIGH are likely.
Maintaining the support levels of 0.47 and 0.40 cents is very important for the continuation of the bullish scenario in the long term.
The possible upward trend of SAND is shown in the above image along with the targets and resistance and support levels.
Please share your thoughts and insights in the comments below! I'd love to hear your take on the SAND chart.🙌🧐
This is not financial advice. Always do your own research before making any investment decisions.✌