$SAND is 5.5% lower than when I said the easy part of its run was done. It was 0.0806 nine hours ago and 0.07617 now.
The caution held up. I said buying near 0.08 meant paying almost double the weekly low, and price has eased back from there. It has not broken anything either. SAND sits between the two levels I gave: above 0.07, under the 0.08806 weekly high, 13.5% below that high.
One correction to my last post. I wrote the weekly gain as if it were measured from the 0.04238 low. It was the 7-day change, which is a different number. Today that figure is 72.3%.
The day is still green, up 8.4% while BTC lost 1.36%, so the relative strength I pointed to has not gone away. Volume is about 44.6M USDT, 1.4 times its 7-day average, almost unchanged. Hourly RSI cooled from 66.4 to 52.5, which takes the heat out without breaking the trend.
My view has not changed much. Above 0.08806 with fresh volume, the run continues. Under 0.07 with volume fading, the run is over. Between the two, I am watching, not chasing.
#Sandbox #SAND