SAND Price Analysis: SAND Token is testing resistance of descending triangle pattern

• SAND Token Price is trading above the 20/50/100 day Moving Average on the daily chart
• The coin is testing the resistance zone of the descending triangle pattern

SAND Token Price is on a descending triangle pattern and is trading above the 20/50/100 day Moving Averages and there may be a golden crossover if the bullish run continues. Traders can look out for a possible crossover and place their trades accordingly. The support at $ 2.60 is a strong one for the token.

SAND Token Price has broken off a short-term resistance on the hourly chart and the 20/50/100 hour moving average also is diverging indicating a continuance of the bullish run. The coin has strong short-term support at $ 3.50. The coin looks set to continue the bullish run over the next few trading hours.

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Conclusion:

SAND has been on a bullish momentum over the last few days on the hourly chart. The coin is trading above the 20/50/100 day Moving Average and looks set for a golden crossover.

Support: $ 2.60

Resistance: $ 5.40

DISCLAIMER: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish any financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.