The recent parabolic growth in the Sandbox coin price gave a massive breakout from the long-coming falling channel pattern. After facing multiple reversals from the pattern’s resistance trendline in the past six months, this bullish breakout hints at an early sign of trend reversal. Here’s how this chart pattern may influence the further price of SAND.
Key points:
A bullish breakout from the channel patterns resistance trendline may set the SAND price to $1.5
A breakdown back below the trendline will weaken the bullish thesis.
The intraday trading volume in SAND price is $409.6 Million, indicating a 10% loss.
Source- Tradingview
The recent V-shaped recovery from the combined support of $0.38 and the pattern’s support trendline triggered a parabola rally in sand coin price. Amid this recovery, the sand price surged 83.5℅ to reach the current of $0.7.
Moreover, the rising sand price breached multiple resistance and just recently the upper trendline of the channel pattern. Thi
We współpracy z: https://coingape.com/markets/sand-price-prediction-will-sandbox-coin-grow-2x-in-early-2023/
