SAND Technical Analysis: Booming Bulls Take Over Trend Control

The SAND coin price continues the uptrend after the successful retest of the falling wedge breakout. Will the uptrend reach the $5 mark? The Sandbox is a distinct platform as it introduces blockchain technology into the gaming world. Gaming is an enormous market that has not been explored with regards to the use of blockchain technology and Pixowl realized this in the year 2011. In creating a world where gamers can build and accumulate blockchain-based assets, the Sandbox hopes to transform the game. It creates an entrance into the gaming industry worldwide. Let us move ahead to read about SAND technical analysis. Past Performance of SAND The SAND coin price action grows after successfully retesting the bullish breakout of the falling wedge pattern, as mentioned in our previous article. The price jumped 18% in the past 48 hours resulting in two huge bullish engulfing candlesticks and a morning star pattern near the trendline. The price rests close to the 50-day EMA and patiently prepares to surpass it. SAND/USD Daily Chart SAND Technical Analysis The SAND coin price action shows a solid bullish continuation after the morning star pattern which retests the bullish breakout. Hence, the buyers align to ride the bullish trend which aims to reach the $5 mark. The crucial Exponential Moving averages show a bullish alignment as the support near the 200-day average pushes it to the 50-day average. Therefore, the EMAs showcase a bullis...