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Home»ALTCOIN NEWS»Hashed sends 36.9m of sand to binance. Is the price of Altcoin at risk?
ALTCOIN NEWS

Hashed sends 36.9m of sand to binance. Is the price of Altcoin at risk?

By Crypto FlexsMay 27, 20253 Mins Read
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Hashed sends 36.9m of sand to binance. Is the price of Altcoin at risk?
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  • Hashed 36.9m of sand is constantly deposited on the binary to add continuous sales pressure.
  • 74.77%of the holders were lost in the press time, which weakened the possibility of recovery of sand.

Hasid is in the news after depositing more than 33.9 million people today. Sandbox (sand)It is worth $ 113.3 million over the last 15 days. The most recent transaction, with 14.5 million sand from $ 57.9 million, occurred 1 hour before the press time.

If a major player starts a series of trades of that personality, it will suggest the intention of offering off the market. That’s not as WIt can also represent a portfolio resistance. Among the price weaknesses, these deposits can raise some concerns.

In short, continuous whale activities can be a sign of weakness. Significant volatility can be ahead of sand.

$ 0.29 – $ 0.30 supporting zone can continue to reduce the SAND?

SAND popped up several times from $ 0.29 to $ 0.30 and formed a major support area for the chart. However, despite this reaction, the token continued to register the low high, which is a sign of reducing strength.

In fact, the price has recently fallen near this area and the shallow bounce has been changed to $ 0.312. This price measure has increased the buyer’s hesitation and vulnerability.

Therefore, if this level is damaged, the seller can gain control and push sand to the new month. The press time price structure seemed to be broken, especially during the growth of whale sediments.

Sand Technology Outlook

Source: TradingView

Does the underwater holder of sand triggers resistance while trying to rally?

According to INTOTHEBLOCK data, 74.77%of all sandhold holders may have no money and have more than $ 0.311 prestation time.

This reached about 22.4 billion sand faced with untouched losses. Only 18.75%of the address appears to be profitable in the press time.

This created a layer of the potential sales pressure, especially because the holder can get out of the location near Breakeven.

Therefore, each price rally is highly risk of being rejected due to the consistent profits of trapped participants. This supply protrusion can limit the amount of strength exercise unless there is new demand on the chart.

Source: INTOTHEBLOCK

Is the decrease in user activity is right for price recovery?

Daily active address indicators continued to decrease, and active users decreased by 8.86% and new addresses decreased 0.95% last week.

The fall of this participation can reduce network demand and mean weak market interest in sand. Historically, the increase in user activities has supported prices.

However, the press time data showed a slowing of speculation and usefulness, and optimistic recovery was less sustainable.

Source: INTOTHEBLOCK

Can short liquids of $ 0.32 or more have spark volatility?

According to the Binance Blightation Heatmap, there may be a dark short stop cluster with a level of $ 0.32 or higher. If the sand is pushed higher and triggered this position, short pressure can amplify the benefit.

But especially if the pressure of weakness from the inflow of whales is weighted on the market, especially the way to that level is still uncertain.

In addition, weak losses with weak network participation can reduce the chance of clean escape.

Source: COINGLASS

Sand is currently under pressure as consistent whale inflows, network activities decrease, and most holders fall into losses.

Although the support of $ 0.29 – $ 0.30 is currently being suspended, these weak signals suggest that failures are more likely than failure.

Next: Bitcoin STHS profit indicators are 27% blow -influence on the price of BTC?

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