SAND Technical Analysis Jan 24

SAND’s RSI at 63.20 level gives a strong momentum signal; MACD supports the bullish trend with a positive histogram, while the position above short-term EMA20 confirms the uptrend, but Supertrend resistance is noteworthy.

Trend Status and Momentum Analysis

SAND maintains its overall uptrend structure despite a daily drop of %8.23 at the current price level of 0.16 dollars. The daily range occurred between 0.15-0.18 dollars, while volume reached 234.11 million dollars, emphasizing the significance of the move. Although momentum indicators give mixed signals, the bullish readings from RSI and MACD support trend strength. The short-term pullback appears limited by the strong support at 0.1526 dollars (77/100 points). In multi-timeframe (MTF) confluence analysis, a total of 15 critical levels were identified across 1D, 3D, and 1W charts: 3 supports/2 resistances on 1D, 2 supports/3 resistances on 3D, and 2 supports/3 resistances on 1W, indicating balanced consolidation. In this context, volume-confirmed breakouts are critical for momentum traders; as high-volume declines may signal an accumulation phase. EMA ribbon dynamics preserve the short-term bullish trend, while Supertrend’s bearish signal highlights the 0.20 dollar resistance. The overall trend is classified as uptrend, but BTC’s downtrend pressure necessitates a cautious approach in altcoins.

RSI Indicator: Buy or Sell?

RSI Divergence Analysis

RSI (14) is currently positioned at 63.20, signaling the neutral-bullish zone. Despite the price’s %8.23 drop in the last 24 hours, RSI holding above 50 shows that momentum has not weakened. There is no regular bearish divergence; on the contrary, RSI’s relatively high hold at recent lows (around 0.15 dollars) increases the likelihood of hidden bullish divergence. This means momentum is preserved despite the price making a lower low, which is positive for uptrend continuation. On the 1W timeframe, RSI remains stable in the 55-65 band, while holding above 60 on the 3D chart is a strong bullish signal. For divergence hunters, if price touches the 0.1526 support, watch for a new higher low formation in RSI; this scenario could provide momentum toward the 0.18 resistance.

Overbought/Oversold Zones

RSI at 63.20 stays below the overbought (70+) threshold, reducing correction risk, but breaching 65 could trigger a short-term overbought warning. The distant position from the oversold zone (below 30) confirms limited selling pressure. From a momentum confluence perspective, RSI’s synchronized movement with EMA20 reinforces trend strength. RSI readings supported by volume suggest the recent drop is a healthy pullback; compared to low-volume oversold conditions, the 234M$ volume gives an impression of institutional accumulation.

MACD Signals and Histogram Dynamics

MACD is in bullish status; the MACD line above the signal line and positive histogram indicate expanding momentum. The increasing size of histogram bars in recent sessions confirms bullish acceleration – expanding dynamics instead of contracting, combined with volume confirmation, validates the uptrend. On the daily chart, the MACD histogram stays above the zero line, while positive divergence post-crossover on the 3D timeframe is noteworthy. This signals that the consolidation at 0.16 dollar level is accumulation rather than a bull trap. Monitor signal line crossovers: a new upward crossover could target the 0.1808 resistance, while a downward one carries risk of slipping to 0.1526 support. The histogram’s confluence with momentum oscillators enhances SAND’s short-term rebound potential.

EMA Systems and Trend Strength

Short-Term EMAs

SAND price is in a bullish position above EMA20 (0.14 dollars); this confirms the fastest element of the ribbon, which measures short-term trend strength. Tightening between EMA10 and EMA20 reflects momentum accumulation. Although daily closes test EMA20, the hold offers buying opportunities for short-term traders. This volume-confirmed dynamic carries potential to break the intermediate 0.1590 resistance.

Medium/Long-Term EMA Supports

The medium-term EMA50 and EMA100 ribbon strengthens the 0.1426-0.1324 support band; price momentum is too high to reach these levels. The long-term EMA200 trades horizontally around 0.12 dollars as the cornerstone of the uptrend. The ribbon’s bullish order (short EMAs above longs) rates trend strength at 70/100 points. No weakness signals; on the contrary, EMA crossover risk is low.

Bitcoin Correlation

BTC at 89,661 dollars shows downtrend signal with %0.23 drop; Supertrend bearish while main supports are in the 88,400-86,644-84,681 dollar band. Resistances at 89,698-91,193-92,961 dollars. SAND’s high correlation with BTC (%0.85+ ) necessitates cautious momentum in altcoins. If BTC slips below 88,400, SAND’s 0.1526 support may be tested; a breakout above 89,698 could carry SAND to the 0.20 Supertrend resistance. BTC dominance increase could trigger altcoin sales, so SAND Spot Analysis and SAND Futures Analysis should be followed.

Momentum Outcome and Expectations

Momentum confluence favors bulls: RSI 63.20 hidden divergence potential, MACD positive histogram expansion, short-term strength above EMA20, and volume confirmation support the uptrend. Bullish target 0.2811 (16 points), bearish 0.0572 (22 points); critical breakout at 0.1808 resistance. MTF levels (supports 0.1526/0.1426/0.1324, resistances 0.1808/0.1590) should be monitored. Despite Supertrend bearish warning, if BTC stays stable, SAND momentum could head toward 0.20. Traders should track volume and RSI approach to 70; overall outlook neutral-bullish, risks stemming from BTC downtrend. In this analysis, we delved deeply into possible scenarios by prioritizing momentum indicators.