Fb’s current rebranding to META endorses the metaverse, consequently resulting in a surge within the worth of metaverse-related crypto tasks comparable to SAND, AXS, and MANA. The social media big shifts its long-term focus from messaging and social media to immersive 3D digital environments. Let’s analyze the SANDUSDT worth chart for important chart patterns, developments, help, and resistance ranges.
SAND Worth Evaluation: Weekly Chart
The SAND token information a brand new all-time excessive within the fourth quarter of 2021 following a hidden bullish divergence sample on the weekly chart above. Bullish momentum persists on the weekly time-frame of the SANDUSDT because the relative energy index information increased readings above level-75 and level-25.
We anticipate a worth pull-back, nonetheless, we’ll have to maneuver right down to the decrease each day and 4HR time frames to see if we will enter at oversold ranges.
SAND Worth Evaluation: Each day Chart
The each day time additionally reveals an uptrend for the SANDUSDT because the RSI information increased numbers above level-25.
A sudden worth shut above the 26 October ’21 resistance confirmed the choice to take an extended place and a worth surge to the upside. In the meantime, we nonetheless anticipate a worth correction and we’ll have to maneuver to the decrease 4HR time-frame for clues into the worth pull-back.
SAND Worth Evaluation: 4 Hr Chart
The 4HR intraday time-frame reveals entry worth ranges the place the RSI plunged beneath level-25 on 17 October 20:00 and 27 October 08:00.
A collection of hidden bullish divergence setups with the latest on 31 October 16:00 counsel that the SAND token could have discovered a worth ground at 1.4422 and is ready to renew the uptrend in the direction of the $2.450 resistance.
Nevertheless, the 1HR time-frame indicators a daily bullish divergence upon exiting the oversold space.
With that stated, we anticipate the uptrend to proceed from the intraday time frames.