$SAND reclaims $0.070 this week or I am wrong.
Price is $0.0671 after getting hit 13.55% today, with the 4h move down 13.9%. Ugly.
But it’s still above the 20d and 50d MAs, while shorts are paying funding at -0.043%. That’s the kind of setup that can squeeze when sellers get comfortable. Volume is 1.3x the 20d average too.
At $0.0670, I’m watching for a hold and rebound. Lose it cleanly and this call is dead. $XRP has shown how fast these beaten-down alt setups can flip when positioning gets crowded. 👀
Watching how $SAND reacts at $0.0670? 🔥
#SAND #Web3 #Altcoin
Price is $0.0671 after getting hit 13.55% today, with the 4h move down 13.9%. Ugly.
But it’s still above the 20d and 50d MAs, while shorts are paying funding at -0.043%. That’s the kind of setup that can squeeze when sellers get comfortable. Volume is 1.3x the 20d average too.
At $0.0670, I’m watching for a hold and rebound. Lose it cleanly and this call is dead. $XRP has shown how fast these beaten-down alt setups can flip when positioning gets crowded. 👀
Watching how $SAND reacts at $0.0670? 🔥
#SAND #Web3 #Altcoin