Crypto Express

06/11 07:59

SAND Price Analysis: Bullish Momentum or Mirage?

The SAND token is trading at $0.2980, reflecting a 2.26% gain over the last 24 hours and a 4.29% rise over the past week. The token’s market cap stands at $756.66 million, with trading volume surging nearly 30% to $76.2 million. The 24-hour range between $0.2887 and $0.3027 shows growing bullish sentiment.

On the daily chart, SAND has broken above its 9-day SMA at $0.2810, a key short-term bullish indicator. The RSI has moved to 52.55, pushing past the neutral zone and signaling growing buying pressure. A bullish flag pattern is taking shape, often seen as a continuation signal.

A sustained move above the $0.30–$0.35 resistance range could open the gates for a stronger rally, potentially targeting higher psychological levels. However, traders should remain cautious, as a key support lies at $0.2568, with further downside risk toward $0.21 if momentum fails.

#Post To Earn Bonus#Share Your Thoughts on Popular Assets in June#Claim1,200 USDT in the Monthly Creation Challenge

31Condividi