<em><strong>The SAND token price shows reversal near the $4.75 level and marks the start of an uptrend with an aim to reach the $7.50 mark. </strong></em>

With a focus on content that users create by focusing on user-generated content, the Sandbox creates a world of active players who contribute to the development of the platform. And with the introduction of the SAND token, the Sandbox is promoting decentralized governance. Additionally, it permits users to voice their opinions about the progress of the initiative.

Read more to know more about the technical analysis of the Sandbox token.
<h2><strong>Past Performance of SAND</strong></h2>
The SAND coin price gave a <a href="https://www.cryptoknowmics.com/news/sand-technical-analysis-dropping-from-its-highs-expect-fall-for-few-days/">fall</a> of more than 35% after facing rejection near the $7.50 mark. However, the $4.75 horizontal level halts the downtrend and pushes the price higher resulting in a 15% growth.

Therefore, traders with bullish hopes can buy at current prices with a target near the $7.50 mark.

<img src="https://s3.tradingview.com/snapshots/i/iJ9sRDC6.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/iJ9sRDC6/">SAND/USD Daily Chart</a>
<h2><strong>SAND Technical Analysis</strong></h2>
A closer look into the SAND price in the 4-hour chart shows the price struggling to rise above the $5.50 mark. Moreover, the recent bearish engulfing candle shows a follow-through candle in action.

Once the price rises above the $5.50 mark, we can observe the price struggle near the $6.10 and $7.50 mark. However, if the price shows retracement, the $4.75 is a prominent support level.

The <strong>crucial EMAs</strong> - 50 and 100 are intermingled in the 4-hour chart after the recent bearish crossover. However, the 200-period stands strong below the price keeping the bullish recovery chances alive.

The<strong> RSI indicator</strong> at 50% shows the bearish retracement to the central line in the 4-hour chart. Furthermore, the <strong>MACD indicator</strong> shows a falling intensity of bearish histogram in the 4-hour chart. Nonetheless, the MACD and signal lines maintain a downward spiral and a bullish crossover will confirm any buying signal.

Therefore, the indicators in the 4-hour chart show temporary bearishness, which can turn sides quickly if the buying pressure sustains. However, the breakout of the $5.50 mark will mitigate the risk of any bull traps.
<h2><strong>Upcoming Trend</strong></h2>
Currently, the SAND coin price shows retracement is slightly above the $4.75 support level. Therefore, the present bullish reversal needs to show more strength and momentum to confirm the price jump potential to the $7.5 mark.

SAND Technical Analysis: Trend Reversal Near $4.75 Revives Bullishness

The SAND token price shows reversal near the $4.75 level and marks the start of an uptrend with an aim to reach the $7.50 mark.

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: Trend Reversal Near $4.75 Revives Bullishness

Top Picks