The SAND Coin has been undergoing multiple tests of resistance and consolidation phases that might have formed a trend-range pattern. After making an early low to find support, the price began its uptrend by testing the resistance price level multiple times. As shown in the image, the MACD indicator has signaled each of these moves with Golden Crosses. Specific instances of Death Cross were triggered, but bulls were notably active during those events, preventing prices from falling significantly. The RSI has moved from an oversold to overbought condition, allowing price pullbacks and renewed upward momentum. This apparent price action signals buyers will be in control for a while, at least in the short term. Now let’s look at the SAND price analysis and see what happened.
SAND Price Analysis of the Last 24 Hours
SAND began its trading session yesterday, consolidating around the $0.267 mark, with price action showing minimal volatility for the first couple of hours. Strong support was found at around $0.266 as it bounced off this level several times, after which the price momentum showed an uptrend just after 06:50 UTC when a MACD golden cross was achieved as a signal for a short rally. By 8:30 UTC, SAND had already gone to $0.277, but an RSI near 70 indicated a possible trend reversal. The death cross confirmed it with the MACD at 08:40 UTC, causing a small slump in price.
Chart 1, analysed by Anushri Varshney, published on TradingView, April 23, 2025
However, the dip was very short-lived, as SAND ranged between $0.274 and $0.278 for the next several hours, still maintaining the bullish framework above the lowest point. Around 11:10 UTC, the momentum picked up again after a second golden cross on the MACD. This helped SAND lift above $0.280 to $0.288 by 18:00 UTC. However, overbought RSI readings again indicated market exhaustion, leading again to another MACD death cross by 15:25 UTC, dragging SAND slightly downwards to test the $0.280 level once.
A brief consolidation phase held above support, and another MACD golden cross at 02:40 UTC on April 23 sparked fresh movement upwards. It quickly pushed SAND up towards resistance at $0.30. The RSI is already re-entering the high zone and is sounding an alert on overbought conditions. The price action remains bullish, but a slight warning about covering it in the short term has been issued. A confirmed breakout above the resistance will open up the route for the dollar to $0.31 and above. On the other hand, a failure to breach this roof may bring SAND back toward the $0.280 support zone in the next few hours.
SAND Price Prediction for April 23, 2025
On April 23, the SAND Coin began its price action with bearish momentum before climbing higher, triggering a SAND breakout. Multiple Golden Cross formations could be seen in the MACD indicator; however, multiple Death Crosses appeared, too, although purchasing occurred very quickly to keep the level maintained. The chart also shows that the RSI moved between the oversold and overbought areas, which provided pullbacks and fresh buying activity.
SAND Uptrend Holds, But Signals Flash Caution
The recurring formations of Golden Cross signal an upside, but Death Crosses indicate that pullbacks can happen almost instantly. SAND is moving near the $0.2993 resistance level, while all eyes focus on its possible breakout. Watch the $0.27 support level closely, as a break below could trigger a SAND breakout. Eventually, traders are advised to keep an eye on indicators as they will signal whether the bulls or the bears are in control, so use them wisely to navigate the next move for SAND Coin.
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