Buyers' support allowed the price to continue moving

SAND continued its strong uptrend over the past week, and buyers' support allowed the price to continue moving without a pullback after breaking through the $0.56-$0.59 resistance range. This 102% growth, which started from the floor area of $0.38, stopped at $0.75. A weekly resistance was considered in the $0.65-$0.74 area, which was broken in the past due to heavy selling pressure.

In the past few days, the price hitting this range has been accompanied by reactions, and in the 4-hour timeframe, we see the formation of a complete range area. More likely, the price can break the bottom of the range channel and enter a deeper corrective wave. The supports that can again create signs of positive reaction, and are considered the range of demand, are at the prices of $0.6423 and the range of $0.5600. But if the current resistance is broken, the next target for buyers after the pullback will be in the range of $1.0742 resistance.