https://ift.tt/yB8L2E7 (SANDUSD) Price May Rebound Towards Supply Level of $4.61 – Cryptovibes.com – Daily Cryptocurrency and FX News

SANDUSD Price Analysis – March 23

Should the sellers exert more pressure, the bearish momentum may likely extend to the demand level of $1.79. In case the sellers fail to push down the price to the demand level $1.79, the price may swing high to the supply level of $4.61, and $6.0.

SANDUSD Market

Key Levels:

Supply levels: $3.45, $4.61, $6.04

Demand levels: $2.62, $1.79, $0.91

SANDUSD Long-term trend: Ranging

SANDUSD is range-bound within the supply level of $3.45 and the demand level of $2.62. This ranging movement commences on February 21 when the price bottomed at the demand level of $2.62. The Bears lost momentum and the Bulls have no enough pressure to propel the price of Sandbox. This scenario resulted in price consolidation within the range. A potential bullish breakout may likely take place to test the supply level of $4.61.

Should the sellers exert more pressure, the bearish momentum may likely extend to the demand level of $1.79. In case the sellers fail to push down the price to the demand level $1.79, the price may swing high to the supply level of $4.61, and $6.0. However, the relative index period 14 is at 52 levels with the signal lines pointing up to indicate a buy signal.

SANDUSD medium-term Trend: Ranging

Sandbox is ranging in the 4-hour time frame. The bearish trend has placed the price of SANDUSD at $2.62 level. The just mentioned price level holds the price and further price decrease is terminated. The price pulled back to retest the resistance level at $3.45 but could not due to weak bullish momentum. The price is ranging within the two levels mentioned above.

Sandbox is trading around the 9 periods EMA and 21 periods EMA. The Relative Strength Indicator period 14 is above 60 levels exhibiting a buy signal. Buying the coin at the $2.62 support level may likely come to play.