SAND Technical Analysis: Will Buyers Retake $4 Stronghold?

SAND coin prices show a trendline breakout rally challenging the $3.66 resistance level. Should you consider joining the breakout rally? Key technical points: SAND prices gained 17% in the last ten days. Next, the 50 and 100-day EMA signals a potential bullish crossover. Finally, the 24-hour trading volume of SandBox is $1.032 Billion, marking a 35% rise. Past Performance of SAND SAND coin prices show a demand surge on 16th March, resulting in a 20% gain and a trendline breakout. The breakout rally continues after a retest on 21st March and challenges the $3.66 resistance level. Moreover, the rally surpasses the 100-day EMA resulting in a reversal in the 50-day EMA. Source-Tradingview SAND Technical Analysis SAND prices show the daily candle facing higher price rejection with a long wick formation indicating a solid group of sellers active at the $3.66 mark. However, the recovering market and the increasing trading volume ensure the $3.66 breakout. The crucial daily EMAs (50,100 and 200) strive to regain the total bullish alignment with a 50 and 100-day EMAs crossover. The recent rally increases crossover chances with a reversal in the smaller EMA. Meanwhile, the 200-day EMA continues the flattish movement. RSI Indicator: The RSI slope reflects a solid uptrend in action as it sustainably creates higher highs above the halfway mark. MACD Indicator: The MACD and signal lines keep a wide bullish spread while crossing into the pos...