SAND confirms double bottom at range low, eyes rally to $0.42
The post SAND confirms double bottom at range low, eyes rally to $0.42 appeared on BitcoinEthereumNews.com. SAND has confirmed a double bottom formation at the value area low of its current trading range. If volume increases and structure holds, the bullish pattern could trigger a breakout toward higher resistance. Summary SAND has formed a double bottom near $0.22, holding bullish structure. Break and close above point of control activates a move to $0.42. Volume influx is required to validate the breakout and sustain momentum. The Sandbox (SAND) has established a classic double bottom structure, a bullish reversal signal forming along high time frame support near $0.22. Despite short-term corrections from the point of control, the broader pattern remains intact. The setup presents a high-probability opportunity for continuation if specific volume and structure conditions are met. Key technical points Pattern Formed: Double bottom at value area low around $0.22 support. Activation Level: Point of control acting as neckline for confirmation. Next Major Target: $0.42 high time frame resistance on breakout. SANDUSDT (1D) Chart, Source: TradingView SAND’s price action has continued to respect the lower boundary of its trading range, finding strong demand near $0.22, which also aligns with the value area low. This region has now hosted two successful retests, forming the basis of a double bottom pattern, a structure known for initiating reversals within larger ranges. Although a recent rejection from the point of control has triggered a minor corrective move, the double bottom remains valid as long as price action continues to hold above the $0.22 support region. From a structural standpoint, this represents a potential higher low, keeping the broader bullish outlook intact. To fully activate the double bottom pattern, price must reclaim and hold above the point of control on multiple closing intervals. This level serves as the neckline of the formation. A successful break and hold above it would confirm the pattern…
The post SAND confirms double bottom at range low, eyes rally to $0.42 appeared on BitcoinEthereumNews.com.
SAND has confirmed a double bottom formation at the value area low of its current trading range. If volume increases and structure holds, the bullish pattern could trigger a breakout toward higher resistance. Summary SAND has formed a double bottom near $0.22, holding bullish structure. Break and close above point of control activates a move to $0.42. Volume influx is required to validate the breakout and sustain momentum. The Sandbox (SAND) has established a classic double bottom structure, a bullish reversal signal forming along high time frame support near $0.22. Despite short-term corrections from the point of control, the broader pattern remains intact. The setup presents a high-probability opportunity for continuation if specific volume and structure conditions are met. Key technical points Pattern Formed: Double bottom at value area low around $0.22 support. Activation Level: Point of control acting as neckline for confirmation. Next Major Target: $0.42 high time frame resistance on breakout. SANDUSDT (1D) Chart, Source: TradingView SAND’s price action has continued to respect the lower boundary of its trading range, finding strong demand near $0.22, which also aligns with the value area low. This region has now hosted two successful retests, forming the basis of a double bottom pattern, a structure known for initiating reversals within larger ranges. Although a recent rejection from the point of control has triggered a minor corrective move, the double bottom remains valid as long as price action continues to hold above the $0.22 support region. From a structural standpoint, this represents a potential higher low, keeping the broader bullish outlook intact. To fully activate the double bottom pattern, price must reclaim and hold above the point of control on multiple closing intervals. This level serves as the neckline of the formation. A successful break and hold above it would confirm the pattern…
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