Ценовой анализ SAND: покупатели SAND ждут прорыва линии тренда, чтобы открыть длинную позицию

Поскольку держатели песочницы (SAND) потеряли ключевую поддержку в размере 2,5 доллара, цена монеты стала свидетелем устойчивого падения, подчеркнутого нисходящей линией тренда. Более того, несколько повторных тестов этого динамического сопротивления указывают на то, что трейдеры активно реагируют на его уровень.

Timeline of The-sandbox

SAND price analysis reveals that the cryptocurrency has been following a partial bearish trend, with the price of SAND/USD moving towards the $1.4 mark. On May 16, 2022, the cost of SAND started to suddenly crash and reached $1.2 but shifted to a positive momentum the next day.

Most of the DeFi tokens in the crypto space earn their value from the function and success of the protocol they stem from. Naturally, any change in the protocol's ecosystem is bound to have a ripple effect on the token as well.

SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.35 mark. On May 16, 2022, the cost of SAND experienced a flash crash and reached $1.28, but it further increased to $1.34, which is the current price.

It has been three weeks since SAND broke out of its wedge pattern with the bears ready to take over. The token just concluded another bearish week by being oversold, before recovering by approximately 38%.

12 May saw massacres across the crypto market, compounded by Terra [LUNA] and TerraUSD [UST] crashing to unimaginable lows. However, 13 May had Bitcoin and Ether seeing recoveries of more than 5% in a day.

SAND price analysis reveals that the cryptocurrency has been following a partial bearish trend, with the price of SAND/USD moving towards the $1.5 mark. On May 12, 2022, the cost of SAND started to suddenly crash and reached $0.9 but shifted to a positive momentum the next day.

SAND price analysis reveals that the cryptocurrency has been following a bearish trend displaying further opportunities for bearish activities, with the price of SAND/USD moving under the $1.2 mark. On May 12, 2022, the cost of SAND experienced a flash crash and reached $1.16, and it further decreased to $1.1, which is the current price.

After the 20 EMA (red) refuted most of the recent recovery attempts, the sellers steered the trend in their favor by sinking the price below the lower trendline of the down-channel (yellow). This trajectory has impacted the buyer's ability to negate the selling pressure whilst the alt poked its multi-month lows.

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