Despite the recent breakout of the cup and handle pattern in the daily chart, the SAND coin prices fail to overcome the sellers at $4.75. Thus, resulting in a retracement to retest the $4 mark, the neckline of the cup, and handle pattern. However, the increasing trend momentum indicates the possibility of a downfall to the $3.5 mark. Key technical points: The coin price cracks below the 20-day EMA. The MACD indicator reflects a bearish crossover in the daily chart. The 24-hour trading volume in the SandBox token is $747 Million, indicating a 10% fall. Past Performance of SAND SAND coin price trades at $3.98 with a downfall of 6.03% in the last 24 hours, resulting in the fallout of the crucial $4 mark. Moreover, the $4.75 mark rejection resulted in an 18% fall in the past week. Thus, creating multiple bearish engulfing candles indicating an increased trend momentum. Source-Tradingview SAND Technical Analysis The SAND coin price retests the cup and handle pattern breakout with the neckline at the $4 mark. However, the increased trend-momentum of the retracement diminishes the chances of a post-retest reversal and warns of a fallout. The SandBox coin prices trade below the crucial 50 and 100-day EMAs as they maintain a bullish alignment in the daily chart. Moreover, the 200-day average stands strong, slightly above the $3 mark. The MACD Indicator shows a bearish crossover of the MACD and signal lines in the SAND/USD daily chart, ...
