{"id":113731,"date":"2024-10-13T16:35:48","date_gmt":"2024-10-13T09:35:48","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113731"},"modified":"2024-10-13T16:35:48","modified_gmt":"2024-10-13T09:35:48","slug":"sand-breaks-out-of-bullish-pattern-15-rally-incoming","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113731","title":{"rendered":"SAND breaks out of bullish pattern, 15% rally incoming?"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li><em><span style=\"font-weight: 400;\">SAND\u2019s Open Interest jumped by 5.6% in the past 24 hours following a bullish breakout.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">The major liquidation levels were at $0.255 and $0.27, with traders over-leveraged at these levels.<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The overall cryptocurrency market is experiencing a notable recovery. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid this, the virtual gaming platform <a href=\"https:\/\/ambcrypto.com\/predictions\/the-sandbox-price-prediction\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">The Sandbox [SAND]<\/a> has broken out of a strong bullish pattern and shifted the sentiment from a downtrend to an uptrend.\u00a0<\/span><\/p>\n<h2><b>SAND technical analysis and key levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">According to AMBCrypto\u2019s technical analysis, SAND appeared bullish at press time as it broke out of a double-bottom price action pattern. The breakout was confirmed by the daily candle closing above the neckline.\u00a0<\/span><\/p>\n<div id=\"attachment_432567\" style=\"width: 1824px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432567\" class=\"wp-image-432567 size-full\" alt=\"SAND technical analysis\" width=\"1814\" height=\"791\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1024x447.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-768x335.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1536x670.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1200x523.png 1200w\" data-lazy-sizes=\"(max-width: 1814px) 100vw, 1814px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432567\" class=\"wp-image-432567 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791.png\" alt=\"SAND technical analysis\" width=\"1814\" height=\"791\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791.png 1814w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-300x131.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1024x447.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-768x335.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1536x670.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/SANDUSDT_2024-10-12_18-53-08-1-e1728739598791-1200x523.png 1200w\" sizes=\"auto, (max-width: 1814px) 100vw, 1814px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432567\" class=\"wp-caption-text\">Source: TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Based on the recent price performance, if SAND closes a daily candle above $0.264, there is a strong possibility it could soar by 15% to reach the $0.305 level in the coming days. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, SAND\u2019s Relative Strength Index (RSI) stood at 52.30 at press time, hinting at a potential upside rally ahead.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite SAND\u2019s bullish outlooks, the 200 Exponential Moving Average (EMA) indicated a downtrend. When an asset trades below the 200 EMA, traders and investors generally consider it to be in a downtrend, and vice versa.<\/span><\/p>\n<h2><b>SAND\u2019s bullish on-chain metrics\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">SAND\u2019s bullish outlook is further supported by on-chain metrics. According to the on-chain analytics firm <a href=\"https:\/\/www.coinglass.com\/currencies\/SAND\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\">Coinglass<\/a>, SAND\u2019s Long\/Short Ratio was 1.03 at press time, indicating bullish market sentiment.\u00a0<\/span><\/p>\n<div id=\"attachment_432566\" style=\"width: 1742px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432566\" class=\"wp-image-432566 size-full\" alt=\"SAND\u2019s Long\/Short ratio \" width=\"1732\" height=\"450\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf.png 1732w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-300x78.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1024x266.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-768x200.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1536x399.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1200x312.png 1200w\" data-lazy-sizes=\"(max-width: 1732px) 100vw, 1732px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432566\" class=\"wp-image-432566 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf.png\" alt=\"SAND\u2019s Long\/Short ratio \" width=\"1732\" height=\"450\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf.png 1732w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-300x78.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1024x266.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-768x200.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1536x399.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/fjbnjfkfbmflmflf-1200x312.png 1200w\" sizes=\"auto, (max-width: 1732px) 100vw, 1732px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432566\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Additionally, its Futures Open Interest jumped by 5.6% in the past 24 hours and 3.91% over the past four hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This suggested growing traders\u2019 interest in the SAND token following the breakout of the double-bottom price action pattern.<\/span><\/p>\n<h2><b>Major liquidation levels\u00a0<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">As of now, the major liquidation levels are at $0.255 on the lower side and $0.27 on the upper side, with traders over-leveraged at these levels, according to Coinglass.<\/span><\/p>\n<div id=\"attachment_432569\" style=\"width: 1469px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432569\" class=\"wp-image-432569 size-full\" alt=\"Major liquidation levels \" width=\"1459\" height=\"603\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747.png 1459w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-1200x496.png 1200w\" data-lazy-sizes=\"(max-width: 1459px) 100vw, 1459px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432569\" class=\"wp-image-432569 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747.png\" alt=\"Major liquidation levels \" width=\"1459\" height=\"603\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747.png 1459w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-300x124.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-1024x423.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-768x317.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Screenshot-2024-10-12-185747-1200x496.png 1200w\" sizes=\"auto, (max-width: 1459px) 100vw, 1459px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432569\" class=\"wp-caption-text\">Source: Coinglass<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">If the market sentiment remains unchanged and the price rises to the $0.27 level, nearly $308,620 worth of short positions will be liquidated. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conversely, if the sentiment shifts and the price falls to the $0.255 level, approximately $732,960 worth of long positions will be liquidated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This liquidation data shows, that bulls\u2019 long positions are more than double of bears\u2019 short positions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"> Combining all these on-chain metrics with technical analysis, it appears that bulls are currently dominating the asset and have the potential to support SAND in the forthcoming upside rally.<\/span><\/p>\n<hr\/>\n<p style=\"text-align: center;\">Read <a href=\"https:\/\/ambcrypto.com\/predictions\/the-sandbox-price-prediction\" data-wpel-link=\"internal\">The Sandbox\u2019s [SAND] Price Prediction<\/a> 2024\u20132025<\/p>\n<hr\/>\n<h2><b>Current price momentum<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">At press time, SAND is trading near $0.266 and has experienced a price surge of over 5.2% in the past 24 hours. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">During the same period, its trading volume declined by 6%, indicating lower participation from traders and investors.\u00a0<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/carv-crypto-surges-65-since-launch-what-is-the-reason\/\" rel=\"prev\" data-wpel-link=\"internal\">CARV crypto surges 65% since launch \u2013 What is the reason?<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/will-sand-breakout-rally-15-assessing-key-factors\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>SAND\u2019s Open Interest jumped by 5.6% in the past 24 hours following a bullish breakout. The major liquidation levels were at $0.255 and $0.27, with traders over-leveraged at these levels. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113731\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113731","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113731"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113731\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}