SAND Technical Analysis: Will Buyers Sabotage The Death Cross?

With a double bottom breakout, the SAND coin price shows a bullish reversal from the $2.60 mark. Will the uptrend surpass above $3? Key technical points: The EMAs give a bearish crossover. The MACD indicator shows a bullish crossover. Finally, the 24-hour trading volume of SandBox is $1.40 Billion, marking a 2.35% fall. Past Performance of SAND SAND coin price finds a cushion for the downfall, starting from $3.66 at the solid support zone of $2.60, accounting for a 26% fall. The support zone helps form a double bottom pattern with a neckline at the $2.90 mark. The recent surge in buying pressure brings the bullish pattern breakout with a significant rise in trading volume. Source-Tradingview SAND Technical Analysis SAND coin price shows the double bottom breakout rally struggling to surpass the death cross as it offers higher price rejection. Hence, the chances of a retracement to retest the $2.90 neckline are increasing. The crucial daily EMAs (50, 100, and 200) reflect a falling trend after the recent death cross, implying a solid underlying bearishness. RSI Indicator: The RSI slope suddenly increases after a range-bound sideways movement in the nearly oversold zone. Moreover, the RSI value surpasses the 14-day SMA reflecting a remarkable rise in the underlying bullishness. MACD Indicator: The bullish crossover of the MACD and signal lines signal a bullish entry signal with the rise of bullish histograms. Hence, the indicato...