SAND Technical Analysis Reveals Bearish Trend Continues

Sand (SAND) has been maintaining its lower highs and lower lows structure within a downtrend, moving in a limited range around $0.08. The market structure reflects a clear downtrend, with the price stuck under negative pressure at $0.08.

The Supertrend indicator is giving a bearish signal, and resistance is positioned at $0.09. Trading below EMA20 ($0.08) confirms the short-term structure is also bearish. RSI at 40.96 is in the neutral zone, and the MACD histogram remains neutral around zero.

A strong bullish Break of Structure (BOS) is necessary for a constructive change to occur. The current LH/LL structure maintains the downtrend, with $0.0789 BOS on hold. A break of the $0.0731 support could accelerate the decline to $0.0410.

The market is sustaining the down channel along with Bitcoin correlation, influenced by general altcoin pressure. The downtrend is strengthened with LH/LL: The last swing high at $0.0789 formed as an LH, and swing lows $0.0769 > $0.0731 > $0.0702 sequentially confirm LLs.