Day three of the $SAND run, and the weekly picture now says more than any single day: up 67.3% in 7 days, from a low of 0.04171.
Price is 0.07482, up 18.1% in 24 hours. The move printed a new 7-day high at 0.08396 and has since pulled back 10.9% from it. That pullback is the first real test of this rally.
Volume is still strong: about 63.7M USDT, 5.7 times the 7-day average. But it is lower than the roughly 73M I saw at the height of the run. Money is still there, just less of it.
Hourly RSI is 58.6, cooled off from the peak. $BTC is up only 0.56%, so this move is still about SAND alone.
My view: the trend is up, but I would not chase here. The level that matters now is 0.063. Holding above it keeps the trend healthy after a normal pullback. A drop under it would erase most of the last leg.
What would flip me bullish again: a move back above 0.084 with volume picking up, not fading.
#TheSandbox #PullbackWatch
Price is 0.07482, up 18.1% in 24 hours. The move printed a new 7-day high at 0.08396 and has since pulled back 10.9% from it. That pullback is the first real test of this rally.
Volume is still strong: about 63.7M USDT, 5.7 times the 7-day average. But it is lower than the roughly 73M I saw at the height of the run. Money is still there, just less of it.
Hourly RSI is 58.6, cooled off from the peak. $BTC is up only 0.56%, so this move is still about SAND alone.
My view: the trend is up, but I would not chase here. The level that matters now is 0.063. Holding above it keeps the trend healthy after a normal pullback. A drop under it would erase most of the last leg.
What would flip me bullish again: a move back above 0.084 with volume picking up, not fading.
#TheSandbox #PullbackWatch
