The Sandbox (SAND) is maintaining its crucial ascending support trendline at approximately $0.2057 on the 4-hour chart, despite recent market volatility. This comes after an 8% rejection from the upper resistance of a symmetrical triangle pattern. Buyers have intervened to uphold the support, driving the price back to $0.2112.
Analysts indicate that if SAND sustains this support level, it could retest the upper boundary near $0.2180, with the potential for a breakout towards $0.2653. Conversely, a breakdown below the support may lead to increased selling pressure.
The Sandbox (SAND) Maintains Key Support Amid Market Fluctuations
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
