SANDUSDT - Very weak coin on the background of the whole cryptocurrency market. We continue to see the price drop after SAND went below 1,000. The global chart clearly shows the weakness of the coin, the price is not able to renew price highs on pullbacks with volatility ranging from 40% to 80%. In total, the market is down almost 90% at the moment and we see consolidation near the 0.8700 zone, which suggests a further drop after the breakdown of the level. I suppose that after the consolidation the fall can continue, I expect that the price can form a pullback to the resistance of the price channel or break the level at once, but in any case you should expect the retest after the breakdown for the price to consolidate under the level. The short-term target is the support at 0.7877, the medium-term target is the liquidity zone at 0.7329.
@RLinda, even if bitcoin has a small recover, do you still expect sand to follow or still drop? sometimes its very hard to read the charts, ill see all the indications of a move and it still goes the opposite
RLinda
⋅
@Derek1086, Sand is weaker relative to btc. SAnd was not allowed above the zone 1.00 and there is only one support zone below, after which an important minimum in the 7.0 zone already follows, it will be easier to reach with a small movement down.
There is a chance that with a small bitcoin recovery it will go after it, how big will this movement be when bitcoin goes down?
UnknownUnicorn32309087
⋅
@RLinda, great, just joined individual 5min ago thanks. hope all works out