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SAND Price Shows Short-Term Strength as Trendline Break Tests Seller Control
SAND price analysis notes a daily trendline break after prolonged distribution and sustained bearish pressure.
Short-term charts show a bullish structure, supported by demand zones and controlled pullbacks.
Resistance near prior breakdown levels may cap rallies without strong volume confirmation.
SAND price analysis reflects a counter-trend recovery after months of decline. Market structure shows weakening sell pressure, while intraday charts suggest controlled bullish momentum near defined support levels.
Daily Structure Shows Exhaustion After Extended Downtrend
SAND price analysis on the daily timeframe outlines a prolonged distribution phase between $0.23 and $0.30. Price repeatedly failed near range highs before breaking down decisively in October.
That move confirmed a broader shift toward bearish control. Following the breakdown, price respected a descending trendline marked by lower highs and limited retracements.
Selling pressure remained consistent, keeping rallies shallow and short-lived. Market participants largely favored defensive positioning during this phase.
Recent price action indicates exhaustion near $0.11 to $0.12, where downside momentum slowed. World Of Charts noted tighter candles and reduced follow-through in this zone.
Such behavior often appears when sellers begin losing control near demand.
Breakout Attempts Face Overhead Supply Zones
SAND price analysis now focuses on the break above the descending trendline. The breakout occurred after weeks of compression, suggesting improving participation.
Still, the broader structure remains corrective rather than trend reversing.According to commentary by World Of Charts, the projected upside aligns near $0.20 to $0.23.
This area previously acted as a consolidation range before the breakdown. As a result, it now represents a significant supply zone.
Any approach toward that resistance is expected to attract selling interest. Without strong volume and acceptance above that range, moves higher may remain retracements.
Market structure continues to favor caution despite the recent breakout attempt.
Intraday Charts Reflect Controlled Bullish Momentum
SAND price analysis on the 15-minute chart shows a base forming near $0.113 to $0.114. Selling pressure stalled in this region, allowing buyers to absorb liquidity.
Higher lows followed, signaling a short-term structural shift. Price then broke above the $0.122 consolidation range, which had capped several advances.
The breakout showed strong upward expansion rather than gradual movement. Such behavior often reflects aggressive participation and short covering.
Currently, price consolidates between $0.126 and $0.129, forming a shallow pullback. This range holds above prior resistance turned support.
Analysts note that holding above $0.125 maintains a constructive short-term bias.