After surviving last day’s bearish attack, the $2.60 support zone faces another strike threatening a downfall in SAND coin price. 

Key technical points:
<ul>
 	<li style="font-weight: 400">SAND price shows a fall under the $2.60 support zone. </li>
 	<li style="font-weight: 400">The 100-day EMA falls and warns of a bearish crossover with the 200-day EMA. </li>
 	<li style="font-weight: 400">The 24-hour trading volume of Sandbox is $366.54 Million, marking a 30% fall. </li>
</ul>
<h2>Past Performance of SAND</h2>
SAND coin price shows a sideways movement between the $2.60 support zone and the $3 mark in the last fortnight. Moreover, the recent sharp bearish strike at the support zone cracks underneath it with an engulfing candle of 5.52%. 

<img src="https://s3.tradingview.com/snapshots/u/uXCzZUyN.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/uXCzZUyN/" target="_blank" rel="nofollow noopener">Tradingview</a>
<h2>SAND Technical Analysis </h2>
With the SAND coin price creeping under the support zone, the underlying bearishness is crystal clear. Hence, the daily closing below the barrier will ensure a bearish trend continuation to the next support at $2.30.

The falling trend in the EMAs increases the bearish spread between the 50 and 200-day EMA after the death cross. Moreover, the downtrend in the 100-day EMA teases a potential crossover with the 200-day EMA to achieve a bearish alignment.

MACD Indicator: The merged MACD and signal lines kept a sideways trend in the negative territory but with the recent fall, the bearish spread emerges. 

RSI Indicator:  The constant rejections from the halfway mark drives the RSI slope deeper into the nearly overbought territory. 

Hence, the momentum indicators reflect a surge in the underlying bearishness with the collapse of the support zone.

In a nutshell, the <a href="https://www.cryptoknowmics.com/news/sandbox-partners-with-standard-chartered-other-players-for-phase-ii-of-metaverse-mega-city/">SAND</a> technical analysis forecasts a downtrend continuation to the $2.30 mark. 
<h2>Upcoming Trend </h2>
If sellers manage to keep the SAND prices below the support zone by the day’s end, a follow-through candle to the $2.30 support level. However, a rise in trading volume will catalyze the downfall and ensure a swift move.  

However, a failure to get closing below the support zone, the lower price rejection can induce a bullish continuation to the $3 mark.

Resistance Levels: $2.60 and $3

Support Levels: $2.30 and $2

SAND Technical Analysis: Another Bearish Strike At $2.60 Zone

After surviving last day’s bearish attack, the $2.60 support zone faces another strike threatening a downfall in SAND coin price. 

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

SAND Technical Analysis: Another Bearish Strike At $2.60 Zone

Top Picks