With a double bottom breakout, the SAND coin price shows a bullish reversal from the $2.60 mark. Will the uptrend surpass above $3?

Key technical points:
<ul>
 	<li style="font-weight: 400">The EMAs give a bearish crossover. </li>
 	<li style="font-weight: 400">The MACD indicator shows a bullish crossover. </li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of SandBox is $1.40 Billion, marking a 2.35% fall.</li>
</ul>
<h2>Past Performance of SAND</h2>
SAND coin price finds a cushion for the downfall, starting from $3.66 at the solid support zone of $2.60, accounting for a 26% fall. The support zone helps form a double bottom pattern with a neckline at the $2.90 mark. The recent surge in buying pressure brings the bullish pattern breakout with a significant rise in trading volume.

<img src="https://s3.tradingview.com/snapshots/q/qan0YCBU.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/qan0YCBU/">Tradingview</a>
<h2>SAND Technical Analysis </h2>
SAND coin price shows the double bottom breakout rally struggling to surpass the death cross as it offers higher price rejection. Hence, the chances of a retracement to retest the $2.90 neckline are increasing. 

The crucial daily EMAs (50, 100, and 200) reflect a falling trend after the recent death cross, implying a solid underlying bearishness. 

RSI Indicator: The RSI slope suddenly increases after a range-bound sideways movement in the nearly oversold zone. Moreover, the RSI value surpasses the 14-day SMA reflecting a remarkable rise in the underlying bullishness.

MACD Indicator: The bullish crossover of the MACD and signal lines signal a bullish entry signal with the rise of bullish histograms. Hence, the indicator implies a potential increase above the $3 mark.

In a nutshell, the SAND technical analysis highlights the increased likelihood of bulls regaining the $3 threshold.
<h2>Upcoming Trend </h2>
The SAND coin price experiences a boom in buying pressure with the double bottom breakout in the daily chart. However, the long-wick formation near the death cross forecasts a $2.90 retest. Hence, the retest will provide an excellent buying spot for bullish inclined traders.

Support Levels: $2.90 and $2.50

Resistance Levels: $3.20 and $3.60

SAND Technical Analysis: Will Buyers Sabotage The Death Cross?

With a double bottom breakout, the SAND coin price shows a bullish reversal from the $2.60 mark. Will the uptrend surpass above $3?

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 Sabotage The Death Cross?

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