📌 Summary of the technical analysis of #Sandbox $SAND :
Recent behavior:
$SAND reached a recent high of $1.03, followed by a correction to $0.70.
The RSI on 4H charts is at 29.41, indicating an extreme oversold zone.
Key indicators:
Bollinger Bands: Support at $0.68 (lower band on 4H chart).
Dynamic resistance at $0.84 (moving average on daily chart).
Volume: Decrease during the correction, suggesting a pause in selling pressure.
Price levels:
Short term:
Resistance: $0.84-$1.00.
Support: $0.68-$0.62.
Medium term:
Resistance: $1.20-$1.50.
Support: $0.50-$0.36 (yearly lows).
Scenarios:
Bullish: Bounce towards $0.84 and potential continuation to $1.00-$1.20.
Bearish: Loss of support at $0.68, with pullbacks to $0.50 or even $0.36.
👉 $SAND faces a correction after its recent rally, with key support at $0.68 and an opportunity for recovery towards higher levels if it maintains the momentum.