SAND Technical Analysis Feb 4

SAND is being crushed under the pressure of the downtrend as it approaches critical supports at 0.10$; although RSI 34 gives an oversold signal, Bitcoin’s bearish momentum could pull altcoins even lower.

Market Overview and Current Position

SAND is trading at the 0.10$ level with a slight 0.91% drop over the last 24 hours, and the daily range is almost flat, stuck in the 0.10$ – 0.10$ band. Volume is at a moderate 32.98 million$, but this volume reflects the selling pressure supporting the downtrend. In the overall market context, SAND remains within a long-standing downtrend; staying below EMA20 (0.12$) strengthens the short-term bearish signal. This position is making investors uneasy, while the detection of 11 strong levels in multi-timeframe confluences increases the importance of potential breakouts.

Bitcoin’s 3.40% drop to 73,370$ levels across the market is triggering weakness in altcoins. SAND’s confluence structure on 1D, 3D, and 1W timeframes shows an unbalanced picture with 1 support and 2 resistances (1D), 2 supports and 1 resistance (3D), 2 supports and 4 resistances (1W). The silence in news flow creates an environment where technical factors are in the foreground; this indicates that SAND has entered a volatile testing process. Investors can access detailed data via SAND Spot Analysis to evaluate their positions.

From a long-term perspective, while SAND’s market cap and ecosystem developments remain limited, short-term movements are largely tied to macro trends. Daily closes below 0.10$ could trigger deeper corrections; on the other hand, volume increases with support tests could create opportunities.

Technical Analysis: Key Levels to Watch

Support Zones

The strongest support level stands out at 0.0937$ (score: 84/100); this level is reinforced by multi-timeframe confluence and forms a common bottom point on 1D/3D/1W. If broken, the next target at 0.0977$ (score: 60/100) will come into play, but this level serves as a weaker buffer. According to historical data, the area around 0.0937$ has seen reactive buying several times in the past; volume-supported defense can be expected here, but the overall downtrend is pressuring to test this region.

The strength of support zones increases, especially with 2 support confluences on the 3D timeframe. If SAND can hold these levels, short-term recovery signals may emerge; however, volume-less tests will remain risky.

Resistance Barriers

The first resistance is positioned at 0.1080$ (score: 69/100); Supertrend’s indicated 0.13$ is a stronger barrier. 4 resistance confluences on the 1W timeframe will limit upward movements. EMA20 (0.12$) on the daily chart forms an additional obstacle, and strong volume is required to overcome these levels.

The density of resistances, especially on 1D and 1W, preserves the bearish trend; a breakout scenario appears possible only with Bitcoin recovery. Investors can review leveraged strategies via SAND Futures Analysis.

Momentum Indicators and Trend Strength

RSI at 34.47 is approaching the oversold region; this could give a short-term bottom signal but warns against false recoveries in a downtrend. The MACD histogram is negative and the bearish crossover continues, confirming weak momentum. Supertrend gives a bearish signal, while EMAs (especially below EMA20) shift trend strength in favor of bears.

In multi-timeframe analysis, momentum indicators on 3D and 1W show similar bearish structures; the absence of RSI divergence increases the potential for continuation of the decline. Selling pressure dominates the volume profile, but the low RSI level could attract buyers. Overall trend strength is moderately bearish; indicator confluence should be awaited for recovery.

Risk Assessment and Trading Outlook

The risk/reward ratio is unbalanced with bearish target 0.0163$ (score:20) against bullish 0.1774$ (score:35); short-term outlook is bearish, and support breakdown could lead to deep losses. In a positive scenario, holding 0.0937$ could enable a test of 0.1080$, but the probability is low. For risk management, stop-losses should be set below supports, and take-profits at resistances.

The overall outlook is cautious considering Bitcoin’s downtrend; rallies without volume increase will remain limited. In balanced portfolios, SAND should be evaluated as a high-risk speculative asset.

Bitcoin Correlation

Bitcoin’s downtrend continuing with a 3.40% drop to 73,370$ is directly pressuring altcoins like SAND; BTC Supertrend’s bearish signal is delaying altseason. BTC supports at 71,888$, 68,853$, and 59,866$ are critical; breaking these could push SAND below 0.09$. If resistances at 73,937$, 76,927$, and 81,220$ are overcome, breathing room for SAND emerges, but the current BTC dominance increase is crushing alts.

SAND’s high correlation with BTC (historical 0.85+%) makes tracking macro movements mandatory; if BTC stays below 71,888$, SAND’s support test will accelerate.