RLinda ! SANDUSDT-> When should we expect a support breakdown?

14 Sep 2022

SANDUSDT - Very weak coin on the background of the whole cryptocurrency market. We continue to see the price drop after SAND went below 1,000.

The global chart clearly shows the weakness of the coin, the price is not able to renew price highs on pullbacks with volatility ranging from 40% to 80%. In total, the market is down almost 90% at the moment and we see consolidation near the 0.8700 zone, which suggests a further drop after the breakdown of the level.

I suppose that after the consolidation the fall can continue, I expect that the price can form a pullback to the resistance of the price channel or break the level at once, but in any case you should expect the retest after the breakdown for the price to consolidate under the level. The short-term target is the support at 0.7877, the medium-term target is the liquidity zone at 0.7329.

Regards to R. Linda!