$SAND /USDT – Metaverse Token Cooling Off: Testing Critical Support 🏖️📉
Hey everyone, let’s look at
$SAND /USDT – another major metaverse token taking a breather today. Here’s my chart breakdown:
📊 Quick Stats:
· Price: $0.1451 | -4.10% 🔻
· 24h High: $0.1661
· 24h Low: $0.1435
· 24h Volume: 210.88M SAND | $32.54M USDT
📈 Technical View:
#sand is currently trading below the MA(7) at $0.1486** and **MA(25) at $0.1520, which signals short-term bearish pressure. However, it remains above the MA(99) at $0.1324, keeping the longer-term trend intact.
The price is hovering just above the 24h low of $0.1435, a key level to watch. A break below could lead to a test of the MA(99) support.
🎯 Key Levels to Watch:
· Resistance: $0.1486 → $0.1520 → $0.1661
· Support: $0.1435 → $0.1324 (MA99) → $0.1260
Volume is notable but has declined compared to recent averages, suggesting selling may be slowing down.
💭 My Take:
SAND, like other metaverse tokens, is seeing profit-taking after recent moves. The sector remains promising long-term, but short-term volatility is expected. Holding above $0.1435** is crucial to prevent a deeper correction toward **$0.1324.
If you’re holding, watch the MA(99) as major support. For a bullish reversal, we’d need to see a reclaim of $0.1486 with volume. Dips in strong metaverse projects can offer opportunities, but always time your entry with caution.
As the virtual world narrative continues to evolve, tokens like SAND will likely remain in focus—just be ready for the swings!
Are you buying this SAND dip, or waiting for more stability?
Let me know in the comments! 👇
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