SAND coin prices show a trendline breakout rally challenging the $3.66 resistance level. Should you consider joining the breakout rally?

Key technical points:
<ul>
 	<li style="font-weight: 400">SAND prices gained 17% in the last ten days.</li>
 	<li style="font-weight: 400">Next, the 50 and 100-day EMA signals a potential bullish crossover.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of SandBox is $1.032 Billion, marking a 35% rise.</li>
</ul>
<h2>Past Performance of SAND</h2>
SAND coin prices show a demand surge on 16th March, resulting in a 20% gain and a trendline breakout. The breakout rally continues after a retest on 21st March and challenges the $3.66 resistance level. Moreover, the rally surpasses the 100-day EMA resulting in a reversal in the 50-day EMA.

<img src="https://s3.tradingview.com/snapshots/f/fEOPEYzH.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/fEOPEYzH/">Tradingview</a>
<h2>SAND Technical Analysis </h2>
SAND prices show the daily candle facing higher price rejection with a long wick formation indicating a solid group of sellers active at the $3.66 mark. However, the recovering market and the increasing trading volume ensure the $3.66 breakout.

The crucial daily EMAs (50,100 and 200) strive to regain the total bullish alignment with a 50 and 100-day EMAs crossover. The recent rally increases crossover chances with a reversal in the smaller EMA. Meanwhile, the 200-day EMA continues the flattish movement. 

RSI Indicator: The RSI slope reflects a solid uptrend in action as it sustainably creates higher highs above the halfway mark. 

MACD Indicator: The MACD and signal lines keep a wide bullish spread while crossing into the positive territory with a bullish alignment. 

In a nutshell, the SAND technical analysis highlights the possibility of a bull run above the $3.66 mark.
<h2>Upcoming Trend </h2>
The SAND coin price might shortly cross above $3.66 and sabotage the higher price rejection if bulls sustain the solid selling pressure. The breakout rally will reach the $4 mark accounting for a 10% jump. However, closing below the 100-day EMA will nullify the bullish thesis and result in a fall to the $3 mark. 

Support Levels: $3.5 and $3

Resistance Levels: $4 and $4.4

SAND Technical Analysis: Will Buyers Retake $4 Stronghold?

SAND coin prices show a trendline breakout rally challenging the $3.66 resistance level. Should you consider joining the breakout rally?

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: Will Buyers Retake $4 Stronghold?

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