๐ $SAND
SAND/USDT Technical Analysis โ Targets for the Bulls ๐ฏ
SAND, the native token of The Sandbox Metaverse, is currently showing bullish momentum on Binance. Here's a quick analysis:
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Key Market Data:
Current Price: $0.6364 (โน177.36)
24h High/Low: $0.6487 / $0.5766
24h Volume: 79.82M SAND
Trend: Bullish (+7.75% in the last 24h)
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Technical Levels to Watch:
1. Support Level: $0.5766 โ Strong buyer interest observed here.
2. Resistance Levels:
Target 1 ๐ฏ: $0.6650 โ Short-term resistance; breaking this could confirm an upward trend.
Target 2 ๐ฏ: $0.7000 โ Psychological level where traders might take profits.
Target 3 ๐ฏ: $0.7500 โ Long-term target if momentum remains strong.
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Moving Averages (MA):
MA(5): Indicates strong buying momentum.
MA(10): Suggests stability with a potential upward breakout.
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Conclusion:
If SAND/USDT holds above $0.6364, itโs likely to test the first target of $0.6650 soon. However, breaking $0.7000 could signal a stronger rally toward $0.7500. Keep an eye on volume and market depth for signs of continuation or reversal.
#Binance #SAND๐ฅ๐ฅ๐ฅ #Metaverse #Crypto