SAND had a strong bullish trend over the past weekSAND had a strong bullish trend over the past week, holding the support of the $0.70 range, creating a strong bullish wave on the daily timeframe.
The break of the previous ceiling has been confirmed, but there has been a strong reaction as the price has hit the resistance identified in the $0.90 range. One of the important resistance levels of the sandbox is in the range of $1 rand, which is the target of buyers.
Sandbox has had a range trend over the past week. The price fluctuates between the considered resistance support levels.
The support range of this currency is at the price of 0.610 to 0.670 dollars and its resistance is at the level of 0.880 to 0.900 dollars. Above this resistance, there is a very strong level in the $1 range, breaking these levels requires special support from buyers. Given the selling pressure created in the market yesterday, we expect the Sandbox corrective trend to deepen more likely, and by breaking the current support, the decline could continue to the $0.550 range.
But in the bullish scenario, if minor support is maintained in the range of $0.700 to $0.685, and in the 4-hour timeframe, we can expect another positive swing.
The important point for the medium and long term is the strong bullish wave started at the $0.40 range, if the supports hold, there is the potential for the sandbox to break the $1 resistance, to the $1.25 level. to continue
