SAND/USDT at Critical Support Zone – Rebound Potential?Detailed Technical Analysis:
The SAND/USDT weekly chart shows the price currently hovering around a historically strong support zone between $0.20 – $0.25. This yellow-marked demand area has been tested multiple times since 2021 and has consistently prevented further downside, making it a crucial decision point for both bulls and bears.
🟢 Bullish Scenario:
If the price manages to hold this key support and prints bullish price action (e.g., a bullish engulfing or hammer candlestick), a reversal is likely. The projected upward path on the chart outlines the next key resistance levels:
1. $0.3710 – Initial resistance.
2. $0.4500 – First major breakout confirmation.
3. $0.5825 - $0.7000 – Mid-term resistance cluster.
4. $0.8218 - $1.3530 – Longer-term targets if bullish momentum sustains.
Bullish Confirmation:
Weekly candle close above $0.37
Breakout with strong volume beyond $0.45
🔴 Bearish Scenario:
If the price breaks below and closes under the $0.20 support zone, it would signal a bearish continuation, with possible downside targets at:
1. $0.14 – Minor historical support.
2. $0.09 - $0.075 – Extreme low support region and historical bottom.
Bearish Confirmation:
Weekly close below $0.20
Strong breakdown volume without immediate bullish rejection
📊 Chart Pattern Overview:
✅ Triple Bottom / Accumulation Zone:
The current support area resembles a potential triple bottom structure or long-term accumulation phase. If confirmed, this pattern could mark the beginning of a new bullish cycle.
🧠 Conclusion:
SAND is at a make-or-break level. As long as the price holds above the $0.20 - $0.25 support zone, bullish recovery remains a valid possibility. However, a breakdown below this level could trigger a significant bearish move.
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