SANDUSDT - Bear Flag Pattern, Breakdown or a False Breakdown?📊 Technical Analysis
💰 Coin: BCBA:SAND #SAND
⏳ Time Frame: 4H
📐 Pattern: 🐻 Bear Flag (Bearish Continuation Pattern)
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🐻📉 Bear Flag Pattern
📌 This chart shows a 🐻 Bear Flag, a bearish continuation pattern that forms after a sharp decline (🚨 Flagpole), followed by a gradual upward movement within an 📈 Ascending Channel, representing a ⏸️ consolidation phase.
⚠️ As long as the price remains inside this channel, selling pressure is still likely to dominate the market.
🔻 A valid bearish confirmation will only occur if the price 📉 breaks down below the lower support of the channel, accompanied by 📊 increasing trading volume.
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🔴🐻 Bearish Scenario (Higher Probability)
✅ If the price successfully 📉 breaks down below the Bear Flag support and the candle 🕯️ closes beneath the channel, the probability of further downside increases significantly.
🎯 The next target would be the lower support area, based on the 📏 Flagpole projection, indicating a potential continuation of the existing downtrend.
📉 As long as the price fails to break above the 🚧 channel resistance, the overall market bias remains bearish.
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🟢🐂 Bullish Scenario
✅ A bullish scenario becomes valid only if the price 🚀 breaks out above the upper channel resistance and is supported by a strong 🕯️ bullish candle close.
📈 Such a breakout could indicate a ❌ Failed Bear Flag, opening the door for a 💹 relief rally or a short-term momentum shift toward the next resistance level.
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⚠️👀 Key Levels to Watch
🔹 📍 The lower channel support is the most important level to monitor for a valid breakdown confirmation.
🔹 🚧 The upper channel resistance serves as the invalidation level for the Bear Flag pattern.
🔹 🚫 Avoid entering a trade before receiving ✅ confirmed breakout or breakdown signals to reduce the risk of 🎭 fake breakouts or fake breakdowns.
🔹 📊 Keep an eye on trading volume, as increasing volume during a breakout or breakdown provides stronger confirmation.
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📌📝 Conclusion
📉 SANDUSDT is still trading within a 🐻 Bear Flag, which is technically considered a Bearish Continuation Pattern.
⚠️ Unless the price 🚀 breaks out above the channel resistance, the probability of a 📉 bearish breakdown remains higher than the bullish scenario.
🎯 Wait for confirmation before making any trading decisions to minimize the risk of false moves.
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#SAND #SANDUSDT #Crypto #CryptoTrading #TechnicalAnalysis #BearFlag #BearishPattern #PriceAction #Altcoins #ChartAnalysis #CryptoMarket #SupportAndResistance #TrendContinuation #Breakdown #TradingSetup #CryptoAnalysis 
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SANDUSDT - Bear Flag Breakdown – Breakdown or Bounce?📊🔍 Technical Analysis
💵 Coin: OMXSTO:SAND #SAND
⏳ Time Frame: 6H
📉 Pattern: 🚩 Bear Flag
🎯 Potential Move: 8–15% 📊 (depending on breakout confirmation)
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📚🚩 Pattern Explanation – Bear Flag
The chart is currently forming a 🚩 Bear Flag, a classic bearish continuation pattern that typically develops after a strong impulsive decline (📉 Flagpole). Following the sharp drop, price enters a temporary upward consolidation within a rising channel (🏳️ Flag).
📍 At the moment, price remains inside this flag structure and continues to trade below the major 📉 descending resistance trendline, indicating that 🐻 sellers still maintain control of the broader market trend.
⚠️ As long as price remains within the flag and fails to break above resistance with strong buying volume, the probability of bearish continuation remains elevated.
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🔴🐻 Bearish Scenario (Primary)
The bearish outlook remains valid if price fails to reclaim the upper boundary of the 🚩 Bear Flag and breaks below the lower support trendline.
📉 A confirmed breakdown accompanied by increasing selling volume would suggest that 🐻 sellers have regained momentum, opening the door for further downside toward the key support area around 🎯 0.0448, with additional downside potential if support fails to hold.
✅ Bearish Confirmation
❌ Rejection from the upper Bear Flag resistance.
📉 Breakdown below the lower support trendline.
📊 Increasing bearish volume during the breakout.
🎯 Initial target around 0.0448, with lower targets possible if bearish momentum strengthens.
📈 Estimated Probability: 🔴 75%
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🟢🐂 Bullish Scenario (Alternative)
The bullish scenario becomes valid only if 🐂 buyers successfully break above the Bear Flag resistance and sustain price action above the breakout level.
🚀 A strong breakout supported by increased buying volume would invalidate the 🚩 Bear Flag pattern and could trigger a short-term relief rally toward the next resistance zone.
⚠️ However, the broader market structure will remain cautious until price also breaks above the major 📉 descending trendline resistance overhead.
✅ Bullish Confirmation
✔️ Clean breakout above the Bear Flag resistance.
📈 Strong bullish volume confirmation.
🔄 Successful retest of the breakout level as support.
🎯 Potential continuation toward the upper descending trendline resistance.
📈 Estimated Probability: 🟢 25%
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⚠️📌 Conclusion
Although price is attempting to recover, the overall market structure remains 🐻 bearish.
🚩 The Bear Flag pattern continues to signal a potential continuation of the previous downtrend unless 🐂 buyers invalidate the setup with a decisive breakout.
🧠 Traders should wait for confirmation before entering positions, as ⚠️ false breakouts are common within Bear Flag formations.
📊 Trade the confirmation, not the prediction.
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#SAND #SANDUSDT #Crypto 🚀 #CryptoTrading 📈 #TechnicalAnalysis 📊 #TradingView #BearFlag 🚩 #Bearish 🐻 #PriceAction #Binance #Altcoins #Support #Resistance #TrendAnalysis #ChartPattern #CryptoAnalysis #Trading #Breakdown #MarketStructure #TradingSignals #CryptoMarket #TradingSetup #MarketAnalysis 📉🔥 Short 
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SANDUSDT - Demand Zone – Accumulation or Final Breakdown?On the 1-Week (1W) timeframe, SAND has been in a long-term downtrend since reaching its peak around $8.48 during the 2021 bull market. For more than four years, the price structure has consistently formed Lower Highs (LH) and Lower Lows (LL), confirming a dominant macro bearish trend.
📍 Price is now approaching a highly significant historical support area, namely the $0.0415 – $0.0300 demand zone (yellow box). This area previously served as an early accumulation zone before the massive rally that sent SAND up thousands of percent during the last market cycle.
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🔍 Pattern Analysis
📉 Macro Downtrend Structure
The primary structure currently visible consists of:
✅ Repeated Lower Highs (LH)
✅ Repeated Lower Lows (LL)
✅ Declining volume and volatility over time
✅ Price revisiting a multi-year support level
⚠️ This indicates that the broader trend remains bearish until a confirmed structural reversal occurs.
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🏗️ Potential Long-Term Accumulation Zone
The $0.0415 – $0.0300 area can be viewed as:
🟡 A historical demand zone
🟡 The starting point of a major bullish expansion in the previous cycle
🟡 A zone likely to attract long-term investors
🟡 A potential accumulation area similar to the previous market cycle
💡 As long as this zone holds, the possibility of forming a long-term base remains intact.
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🟢 Bullish Scenario
🚀 Primary Bullish Outlook
The bullish case becomes increasingly valid if:
✔️ Price remains above the $0.0415 – $0.0300 demand zone
✔️ Strong buying pressure emerges on the weekly timeframe
✔️ The first Higher Low (HL) forms after the prolonged downtrend
✔️ Price breaks above the nearest resistance zone around $0.065 – $0.10
📈 If this historical support successfully holds, potential rebound targets may include:
🎯 $0.10
🎯 $0.15
🎯 $0.25
🎯 $0.40
🚀 Should the altcoin market enter another strong cycle, a much larger recovery could become possible over the long term.
💪 Bullish Supporting Factors
✅ Multi-year historical support zone
✅ Oversold conditions on higher timeframes
✅ Attractive risk-to-reward profile for long-term investors
✅ Potential accumulation phase ahead of the next market cycle
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🔴 Bearish Scenario
⚠️ Breakdown Risk
The bearish scenario would be confirmed if:
❌ A weekly candle closes below $0.0300
❌ Historical support fails to hold
❌ No significant buying interest appears within the demand zone
📉 If a breakdown occurs:
⚠️ Price could enter a downside price discovery phase
⚠️ Future support levels become much harder to identify due to limited historical trading activity below this area
⚠️ Market sentiment toward SAND could deteriorate further
🚨 A breakdown below a multi-year support zone is typically considered a strong bearish signal for the medium to long term.
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🎯 Conclusion
📍 SAND is currently trading at one of the most critical price areas since its launch. The $0.0415 – $0.0300 zone represents the final major historical support that could potentially become a significant accumulation area before the next recovery phase.
⚖️ However, as long as the Lower High and Lower Low structure remains intact, investors should wait for confirmation of a trend reversal before assuming a market bottom has been established.
⏳ Price action over the coming weeks and months will likely determine whether this zone becomes:
🟢 The beginning of a new bullish cycle
or
🔴 The gateway to deeper downside movement
🔥 This area deserves close attention from both investors and traders, as it could become the key decision point for SAND's direction in the next market cycle.
#SAND #SANDUSDT #TheSandbox #Crypto #Cryptocurrency #Altcoin #Altcoins #TradingView #TechnicalAnalysis #PriceAction #SupportResistance #Accumulation #DemandZone #Bullish #Bearish #CryptoTrading #Binance #MarketStructure #LongTermInvesting #ChartAnalysis #CryptoMarket #Web3 #Metaverse #Investor #TradingSetup Long 
Animoca Brands: March 2026 OverviewSinnSeed | 🏢 Animoca Brands: March 2026 Overview
Last night I decided to look for promising and (so far) under-the-radar options in the altcoin space.
Sharing what I found:
Animoca Brands Corporation Limited — one of the companies in Web3, blockchain gaming, NFTs, metaverses, and digital property.
📍 Headquarters — Hong Kong (Cyberport)
📅 Founded in 2014 as a spin-off from mobile developer Animoca (est. 2011)
The company positions itself as a pioneer of the “digital property economy”, investing in projects where users receive real ownership rights through tokenization.
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📖 Brief history and key milestones
▸ 2014–2017 — Focus on mobile games. Listed on ASX (Australian Securities Exchange) in 2015 under ticker AB1
▸ 2018 — Shift to blockchain and NFTs. Launch of blockchain games, investments in AI (Zeroth.ai — not very successful, before the “neural network” boom)
▸ 2019–2021 — Explosive growth: investments in The Sandbox, fundraising rounds (valuation 1–5.9 billion USD), partnerships with Binance, SoftBank, Square Enix
▸ 2020 — Delisting from ASX due to crypto activities and regulatory issues
▸ 2022 — Peak valuation ~6 billion USD, followed by correction during the bear market
▸ 2023–2025 — Portfolio expansion (600+ investments), brand licenses (WWE, MotoGP, Snoop Dogg), focus on RWA, AI and DeFi
▸ 2025–2026 — VASP license from VARA (Dubai, February 2026). Acquisition of SOMO (NFT). Partnerships: GROW Investment Group, Ethoswarm, Rootstock Labs
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👥 Leadership
◾️ Yat Siu — Co-founder and Executive Chairman
Web3 pioneer, previously founded Outblaze (sold to IBM). Frequently speaks in media and at Davos
◾️ Evan Auyang — President
Oversees global operations
◾️ Robby Yung — CEO Investments
Focus on venture deals and crypto
The team emphasizes transparency, compliance, and institutional-grade growth.
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🎯 Policy and approach
✦ Decentralization, users’ digital rights, ❗️regulatory adaptation (VASP license, preparation for going public) ❗️
✦ Ethics: involvement in charity (fundraising for Hong Kong fire victims via crypto)
✦ Investment policy: diversification across verticals — gaming, RWA, AI, DeFi, education — backing 600+ projects
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⚙️ Technologies and key projects
🔹 Blockchain & NFT — The Sandbox (metaverse), Quidd (NFT marketplace)
🔹 Metaverses & games — The Sandbox, OliveX (fitness), REVV Motorsport
🔹 AI integration — Anichess (AI chess), Animoca Minds (agentic economy)
🔹 Education — Open Campus (EDU Chain), Moca Network (MOCA)
🔹 RWA & DeFi — Tokenization of real-world assets, institutional services
🔹 Other — Cross-chain liquidity, digital identity
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💰 Key tokens (March 2026)
Animoca does not have a single “corporate” token, but owns/develops several native ones:
▫️ SAND (The Sandbox) — ~0.082 USD · MC ~241 million USD
▫️ MOCA (Mocaverse) — identity and rewards
▫️ REVV (motorsport games) — low activity
▫️ CHECK (Anichess) — staking and gaming
▫️ EDU (Open Campus) — ~0.10 USD · MC ~83 million USD
Top-10 from their portfolio by market cap: KITE · H (Humanity Protocol) · SAND · MON (Monad) · AXS · FLOW · EDU · SUPER · APE · RESOLV
📊 Digital assets balance: ~558 million USD on balance sheet + ~1.8 billion USD in reserves
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🚀 Future plans: Nasdaq listing (the thing we’re interested in 💵)
Main plan — become a publicly traded company on Nasdaq via reverse merger with Currenc Group Inc. (Nasdaq: CURR, Singapore-based fintech with AI solutions).
📌 Announcement: November 3, 2025 — non-binding term sheet
📌 Structure: Currenc acquires 100% of Animoca via scheme of arrangement → combined company under Animoca Brands brand (Cayman Islands)
📌 Share distribution: Animoca shareholders ~95% / Currenc ~5%
📌 Goals: create the first publicly traded diversified digital assets company — access to the “trillion-dollar altcoin economy”, RWA, AI, DeFi
📌 Valuation: ~1 billion USD (November 2025; previously peaked at 6–10 billion)
📌 Timeline: expected closing in 2026 (some sources say Q3 2026)
Details on Animoca Brands Nasdaq listing plan via reverse merger with Currenc Group (as of March 2026)
The deal was announced on November 3, 2025 (press release from Currenc Group and Animoca Brands, plus Yat Siu’s letter to shareholders). This is a non-binding term sheet (non-obligatory memorandum of understanding), not a final agreement. As of March 2026 there are no public updates on completion — the process is still in preparation and awaiting approvals.
Key deal details (from official sources and SEC filings)
Structure: Reverse merger.
Currenc Group Inc. (Nasdaq: CURR) — already public — plans to acquire 100% of Animoca Brands Corporation Limited via scheme of arrangement (common for Australian/Hong Kong companies).
Post-merger share distribution:
Animoca Brands shareholders receive ~95% of the combined company.
Current Currenc shareholders — ~5%.
Name and structure: Combined company will operate under the Animoca Brands brand.
Legally — Cayman Islands exempted company (standard for many foreign Nasdaq issuers).
Ticker and exchange: Nasdaq (likely to retain CURR or change to a new one; exact ticker not determined at announcement).
Expected valuation: ~$1 billion (per media estimates and company statements in November 2025; final figure depends on exchange ratio, which is not yet set).
Deal objectives:
Create the world’s first publicly traded diversified digital assets conglomerate.
Give Nasdaq investors direct exposure to the growth of the “trillion-dollar altcoin economy” through a single instrument (DeFi, AI, NFTs, gaming, DeSci, RWA tokenization).
Leverage improving regulatory clarity in the US (Genius Act, stablecoin and tokenization rules).
Expand access to capital, institutional investors, and liquidity.
Expected closing timeline: 2026 (some sources — Q3 2026, others — by year-end).
⏳ Shareholder approvals from both sides
⏳ Regulatory approvals (SEC, Nasdaq, possibly ASIC)
⏳ Signing of definitive agreement
⏳ Due diligence and other conditions
🔄 Status as of March 2026: No news of delays, cancellation or completion. Process is ongoing (typical for such deals — 6 to 12+ months). If it had closed, there would be press releases and SEC filing updates. Currently still in due diligence, document preparation, and regulatory waiting phase.
About Currenc Group (Nasdaq: CURR)
Fintech company from Singapore (HQ), incorporated in Cayman Islands.
Specialization: AI solutions for financial institutions (digital payments, cross-border finance, e-wallets, data centers, AI-driven services).
Already public on Nasdaq since 2025 (or earlier).
CEO and Executive Chairman — Alexander Kong.
The deal is positioned as a “milestone” for Currenc — transition from fintech to full-fledged Web3/digital assets player.
🔖 Risks and context
Reverse merger — faster and cheaper path to listing than traditional IPO, but carries risks (less initial scrutiny, potential compliance issues).
Animoca previously delisted from ASX in 2020 due to crypto activities and regulatory concerns — now returning to a more “crypto-friendly” US platform.
If successful, it would significantly strengthen Animoca’s position in the institutional world, especially with RWA and AI integration.
If updates appear (e.g. definitive agreement or closing), they will be on animocabrands.com, investors.currencgroup.com or SEC EDGAR.
📝 Conclusion
Animoca Brands is a mature Web3 company with a strong portfolio, focus on institutionalization and regulatory compliance.
Nasdaq listing via reverse merger is a strategic move for growth in the post-crypto-winter era, but still in progress.
If the merger completes successfully — it could become a major catalyst for related tokens (SAND, EDU, MOCA) and the entire gaming / metaverse / RWA sector.
Overall, not a bad option to throw 50–150$ into these currently dirt-cheap coins and forget about them for a year, like a bill left in a winter jacket.
If something works out for them — it could give a nice boost.
SinnSeed
NFA. DYOR SAND/USDT - Descending Trendline: Breakout or Another Rejection?SAND/USDT on the Daily timeframe remains in a primary downtrend (macro downtrend) after failing to hold previous high levels. Price continues to trade below a well-defined descending trendline, confirmed by multiple rejections, indicating that selling pressure is still dominant.
However, over the past few weeks, price has shown demand reactions at lower levels, suggesting a potential consolidation phase or a technical relief bounce before the next directional move.
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Pattern Explanation
Primary Pattern: Descending Trendline (Bearish Continuation Structure)
Price consistently forms lower highs and lower lows, confirming a healthy bearish structure.
Currently, price is approaching trendline resistance, a critical area that will determine whether:
A breakout and trend shift occurs, or
A strong rejection and bearish continuation takes place.
Additionally, a short-term base formation can be observed near the lows, which may trigger a technical bounce if resistance is successfully broken.
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Key Levels
Resistance Zones:
0.139 – 0.147 → Minor resistance & trendline area
0.161 – 0.172 → Supply zone / prior breakdown level
0.210 → Major resistance & bearish structure invalidation
Support Zones:
0.130 – 0.125 → Current local support
0.113 – 0.105 → Strong demand zone / potential accumulation area
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Bullish Scenario
The bullish scenario is only valid if:
Price breaks and closes above the descending trendline on the Daily timeframe
Additional confirmation comes from the formation of a higher high after the breakout
If a valid breakout occurs:
First target: 0.147 – 0.161
Next target: 0.172
Maximum upside target (bullish extension): 0.210
Such a move would indicate a medium-term trend reversal, not merely a temporary pullback.
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Bearish Scenario
If price:
Fails to break above the trendline
Faces strong rejection around the 0.139 – 0.147 area
Then bearish continuation may follow:
Retest of 0.130
A breakdown could open the path toward 0.113 – 0.105
As long as price remains below the descending trendline and below 0.172, the overall bias stays bearish continuation.
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Conclusion
SAND/USDT remains structurally bearish, but price is currently trading within a critical decision zone.
Traders are advised to:
Wait for confirmed breakout signals for bullish setups, or
Look for rejection at the trendline for bearish continuation opportunities.
Aggressive entries are not recommended without confirmation, as this area represents a battle zone between buyers and sellers.
#SAND #SANDUSDT #CryptoAnalysis #TechnicalAnalysis #Downtrend #TrendlineResistance #Altcoin #BearishMarket #CryptoTrading Long 
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TradeCityPro | SAND: Critical Support Test After Pullback👋 Welcome to TradeCity Pro!
In this analysis, I want to review the SAND coin for you. It’s one of the most popular Metaverse projects, widely recognized and among the top in its category.
✔️ This project’s coin currently holds a market cap of $693 million and ranks 91st on CoinMarketCap.
⏳ 4-Hour Timeframe
As you can see on the 4H chart, after a bullish leg that pushed the price up to 0.3140, a correction phase began. Following the break of 0.2903, the price has now corrected down to 0.2714.
🔍 If this 0.2714 level breaks, the price could continue down to the support at 0.2437 — so a break below 0.2714 would be a valid short entry.
👀 Personally, I prefer waiting for the price to first bounce off 0.2714, move upward, and print a lower high relative to 0.2903, then break 0.2714 on a second attempt. In that case, the short setup becomes much more reliable.
🔽 That said, even if the level breaks now without a bounce — since RSI is already near the oversold zone — I’ll still open a short. If RSI enters oversold, it could lead to a sharp drop.
⚡️ One negative factor for short positions is that volume has been decreasing since the price started correcting from 0.3140, which isn't a good signal for further downside — there’s a divergence between price and volume.
📈 However, that’s a positive signal for potential long positions. When volume drops during a correction in an uptrend, it shows buyers still have control. As long as this divergence persists, the uptrend is more likely to continue than to reverse.
📊 For long positions, if buying volume enters the market and the price holds above 0.2714, you can enter based on lower-timeframe structure breaks. The main long entry will be confirmed once the price breaks above the 0.3140 high.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️ Long 
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Is There Hope for Sandbox ($SAND) or Is The Gameverse Dead?The Decline of NYSE:SAND : A Look at Its Current State
Once a shining star in the play-to-earn (P2E) gaming and NFT ecosystem, Sandbox ( NYSE:SAND ) has seen a staggering decline from its all-time high of $8.44 to a mere $0.34 at the time of writing. This sharp drop has left investors and gamers questioning the future of metaverse gaming and the sustainability of blockchain-based virtual worlds.
Despite recent hype around Web3 gaming and metaverse adoption, the broader NFT and P2E sectors have remained relatively muted, contributing to NYSE:SAND ’s price drop. However, does this spell the end for The Sandbox, or is a reversal on the horizon?
Technical Analysis
The Relative Strength Index (RSI) currently sits at 23, indicating that NYSE:SAND is in heavily oversold territory. Typically, an RSI below 30 suggests that an asset is due for a rebound, as selling pressure diminishes.
The daily chart is forming a rising wedge pattern, which is a traditionally bearish formation. If the pattern holds, further declines could be expected. However, the $0.39 pivot zone is a critical resistance level. Should NYSE:SAND manage to break above this level, it could spark a campaign towards the $1 mark, a move that would be monumental for the token.
Currently, NYSE:SAND is down 7.27% on the day, with a 14% decline over the last 24 hours. The lack of bullish momentum suggests that investors remain hesitant about a potential comeback. However, if volume spikes and momentum shifts, a short-term recovery could be on the table.
Market Data & Sentiment
- Current Price: $0.3487
- 24-Hour Trading Volume: $113.85 million
- Market Cap: $859.36 million
- Circulating Supply: 2.46 billion NYSE:SAND
Despite the downturn, The Sandbox maintains a top-100 ranking in the crypto market, proving that it still holds relevance. The challenge now is for the platform to reignite user interest and expand beyond its current stagnation.
The Road Ahead: Dead or Dormant?
While the NFT and metaverse hype has faded, it doesn’t necessarily mean the sector is dead. Innovation, adoption, and strategic partnerships could breathe life back into NYSE:SAND and other metaverse tokens. Long 
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TradeCityPro | SAND: Analyzing the Key Support & Resistances👋 Welcome to TradeCity Pro!
In this analysis, I will review the SAND coin. The Sandbox project is one of the largest metaverse projects in crypto, and during the previous bull run, it received significant attention from market participants. Recently, with Bitcoin’s latest upward move, SAND experienced a growth of nearly 300%.
📅 Daily Timeframe: Corrections and Key Supports
As mentioned, the daily timeframe shows a strong upward trend, which extended up to $0.9327. After reaching this level with significant volume, the price entered a corrective phase.
🔍 Currently, the price has corrected to the $0.5414 level, a critical support zone overlapping with the 0.5 Fibonacci level. This creates an important support range between the 0.5 and 0.618 Fibonacci levels. It appears the price is forming a base in this area to potentially regain bullish momentum and start the next leg upward. However, the possibility of a trend reversal and further decline also exists.
📊 In recent candles, buying volume in the market increased. However, with the release of yesterday’s news favoring the US dollar, nearly all assets, including US stocks and crypto, experienced declines. SAND also followed this trend with a red daily candle, engulfing the previous bullish candle.
🧩 It’s possible for the market to form a range box between $0.5414 and $0.6983, setting up a new bullish or bearish structure. Given SAND’s recent 300% growth, the likelihood of forming a bullish structure is higher. However, this is only a possibility, and we need to wait for the market to establish a new structure.
✨ The RSI oscillator is also within a box between 41.60 and 61.04. Breaking either of these levels could introduce momentum into the market. Overall, the current market volume still favors buyers.
📈 Long Positions:
The first trigger for a long position is $0.6983, which is considered a risky trigger. However, the rejection candle from yesterday adds importance to this level.
The main trigger is $0.93277, which is the major price ceiling. If this level is broken, the next resistance will be at $1.4155.
📉 Short Positions:
The first support zone is the range between 0.5 and 0.618 Fibonacci levels, as marked. If this zone breaks, the price could see the next corrective leg down to $0.4042.
If this level is broken, it would suggest the bullish trend has ended, with subsequent targets at $0.3068 and $0.2342.
📝 Final Thoughts
This analysis reflects our opinions and is not financial advice.
Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
