Is $SAND actually holding strength here, or are shorts about to wreck the $0.0720 area?
SAND is at $0.0723, down 5.42% today, with $23.54M traded. The 4h move is uglier: -6.9%.
But here’s the weird part. Price is still above the 20d and 50d MAs, RSI(14) sits at 59, and funding is -0.073%. Shorts are paying. 👀
Volume is only 0.9x the 20d average, so this selloff isn’t screaming capitulation. Compared with $SOL, SAND looks weaker right now, but not fully broken.
At $0.0720, I’d want to see a clean hold before trusting any bounce. Lose it and that bullish MA stack starts looking very fragile. 🧱
Watching how $SAND reacts at $0.0720?
#SAND #Trading
SAND is at $0.0723, down 5.42% today, with $23.54M traded. The 4h move is uglier: -6.9%.
But here’s the weird part. Price is still above the 20d and 50d MAs, RSI(14) sits at 59, and funding is -0.073%. Shorts are paying. 👀
Volume is only 0.9x the 20d average, so this selloff isn’t screaming capitulation. Compared with $SOL, SAND looks weaker right now, but not fully broken.
At $0.0720, I’d want to see a clean hold before trusting any bounce. Lose it and that bullish MA stack starts looking very fragile. 🧱
Watching how $SAND reacts at $0.0720?
#SAND #Trading