SAND is testing the lower boundary support of a descending wedge on the weekly chart. Based on the current price action, this area is very likely to become an entry point for a rebound. If it can successfully break through this key support level, SAND is expected to rally back to around $3.62. Market participants need to closely monitor whether this level can absorb buying pressure—once it stabilizes, the upward potential will be unlocked. Breakouts from this type of wedge often offer an ideal risk-reward ratio, making it worth traders' close attention to SAND's subsequent movements.
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BlockchainRetirementHome
· 5h ago
Wow, SAND is really picking up... Is it really going to rebound? I need to keep a close eye on this point.
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MultiSigFailMaster
· 01-19 16:52
The wedge breakdown pattern is starting to tell its story again... Let's wait until it stabilizes before discussing it further.
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GateUser-00be86fc
· 01-19 16:52
The wedge breakdown pattern is back again? Last time I said that about SAND, it still plummeted completely.
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OnchainDetectiveBing
· 01-19 16:48
The wedge breakdown pattern has been seen too many times; only standing firm is the true way.
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FudVaccinator
· 01-19 16:48
Support levels support levels, can they really hold? But $3.62 does look a bit interesting.
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MetaMisfit
· 01-19 16:40
The wedge breakdown theory has been heard too many times. Can SAND really stabilize this time, or is it just talk?
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SmartContractPlumber
· 01-19 16:24
The wedge support theory has been heard too many times, but the key still depends on whether the trading volume can keep up—historically, how many of these "ideal risk-reward ratios" that break down have actually succeeded? To be honest, a good technical pattern doesn't mean the contract itself is problem-free. I need to review the permissions control in the SAND ecosystem again.
SAND is testing the lower boundary support of a descending wedge on the weekly chart. Based on the current price action, this area is very likely to become an entry point for a rebound. If it can successfully break through this key support level, SAND is expected to rally back to around $3.62. Market participants need to closely monitor whether this level can absorb buying pressure—once it stabilizes, the upward potential will be unlocked. Breakouts from this type of wedge often offer an ideal risk-reward ratio, making it worth traders' close attention to SAND's subsequent movements.