An analysis of The Sandbox (SANDUSDT) suggests a correction phase, potential support levels, and upside targets, providing insights for market participants.
Key Insights:
Correction Phase: SAND is believed to be in a correction phase, indicating a potential adjustment in its price.
Anticipated Move Higher: Following the correction, SAND could move higher to test the $0.5750 resistance level.
Potential Support Zone: A subsequent move down is anticipated, with potential support identified in the $0.4650 - $0.50 range.
Alt Run Scenario: A stabilization in BTC could trigger an alt run, potentially propelling SAND to $0.5750 - $0.62, followed by $0.678 - $0.715.
Key Insights:
Correction Phase: SAND is believed to be in a correction phase, indicating a potential adjustment in its price.
Anticipated Move Higher: Following the correction, SAND could move higher to test the $0.5750 resistance level.
Potential Support Zone: A subsequent move down is anticipated, with potential support identified in the $0.4650 - $0.50 range.
Alt Run Scenario: A stabilization in BTC could trigger an alt run, potentially propelling SAND to $0.5750 - $0.62, followed by $0.678 - $0.715.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.