Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Will SAND break out of its bullish pattern and begin a 15% rally?
ALTCOIN NEWS

Will SAND break out of its bullish pattern and begin a 15% rally?

By Crypto FlexsOctober 13, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Will SAND break out of its bullish pattern and begin a 15% rally?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Open interest in SAND is up 5.6% in the last 24 hours following a bullish breakout.
  • Key liquidation levels were $0.255 and $0.27, with traders using excessive leverage at these levels.

The overall cryptocurrency market is showing a notable recovery.

Meanwhile, virtual gaming platform The Sandbox (SAND) broke away from a strong bullish pattern and shifted sentiment from a downtrend to an uptrend.

SAND Technical Analysis and Key Levels

According to AMBCrypto’s technical analysis, SAND was strengthening as it broke out of a double bottom price action pattern at press time. This breakout was confirmed when the daily candle closed above the neckline.

SAND technical analysis

Source: TradingView

Based on recent price performance, if SAND closes the daily candle above $0.264, it is likely to surge 15% to reach the $0.305 level in the next few days.

Additionally, SAND’s Relative Strength Index (RSI) stands at 52.30 at press time, suggesting an upside potential ahead.

Despite SAND’s optimistic outlook, the 200 exponential moving average (EMA) showed a downward trend. When an asset is trading below the 200 EMA, traders and investors typically consider the asset to be in a downtrend and vice versa.

Bullish on-chain indicators for SAND

SAND’s optimistic outlook is further supported by on-chain indicators. According to on-chain analytics firm Coinglass, at press time, SAND’s long/short ratio was 1.03, indicating a bullish market mood.

SAND Long/Short Ratio SAND Long/Short Ratio

Source: Coinglass

Additionally, futures open interest is up 5.6% in the last 24 hours and up 3.91% in the last 4 hours.

This means that trader interest in the SAND token is growing after the double bottom price action pattern emerged.

Key Liquidation Levels

According to Coinglass, the current key liquidation levels are $0.255 at the bottom and $0.27 at the top, with traders using excessive leverage at these levels.

Key Liquidation Levels Key Liquidation Levels

Source: Coinglass

If market sentiment does not change and the price rises to the $0.27 level, approximately $308,620 worth of short positions will be liquidated.

Conversely, if sentiment changes and the price falls to the $0.255 level, approximately $732,960 worth of long positions will be liquidated.

This liquidation data shows that bulls’ long positions are more than twice the bears’ short positions.

Combining all of these on-chain indicators and technical analysis, it appears that bulls are currently dominating the asset and have the potential to support SAND in a future rally.


Read The Sandbox (SAND) price forecast for 2024-2025


Current price momentum

At press time, SAND is trading near $0.266 and has experienced a price surge of over 5.2% in the past 24 hours.

During the same period, trading volume decreased by 6%, reducing the participation of traders and investors.

Next: CARV Cryptocurrency Surges 65% Since Launch – Why?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Bitwise Closes Rankings with $200 Million Seed Fund – The Defi Info

December 30, 2023

TikTok owner ByteDance’s technology arm is collaborating with Sui builder on web3 games, socialFi.

April 18, 2024

Polygon announced the release of Polygon Miden Alpha Testnet v2.

June 8, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.