The $4 fallout results in the symmetrical triangle breakout that drives the SAND coin price lower to the $3 mark. Will bulls halt the downfall before $3? The SAND coin price shows a downfall of almost 20% as it fails to sustain above the 50 and 100-day EMAs. Under the rising bearish influence over the crypto market, the Sandbox token fell 20% in the last 72 hours resulting in a symmetrical triangle fallout. Will this downfall reach the $3 mark? Key technical points: SAND prices break below the $4 mark. The coin price trades beneath the 50 and 100-day EMA. The 24-hour trading volume in the SandBox token is $779 Million, indicating a 26% fall. Past Performance of SAND The SAND coin price increased by 60% from $3 to $4.75 between January 25th and February 8th. However, the rally failed to surpass the selling pressure and retraced back to $3.60. After that, the coin price resonated within a symmetrical triangle. On February 16th, the increased selling pressure resulted in an early bearish reversal within the triangle, and the followed trend continuation broke below the triangle. The fallout created triple bearish daily candles accounting for a 20% downfall. Currently, the market price of the SAND token is $3.60, with a 4.97% downfall in the last 24 hours. However, the highly anticipated bearish continuation can increase the percentage fall over the hours. Source-Tradingview SAND Technical Analysis The breakout of $4 has increased ...
