SAND Technical Analysis Feb 6

[SAND is maintaining its LH/LL structure in a strong downtrend; if $0.0702 support breaks, new lows may come, but BOS above $0.0866 could signal a trend change.]

Market Structure Overview

SAND-USD is trading at the $0.08 level with a 15.81% drop in the last 24 hours and is stuck in the $0.07-$0.10 range. The market structure clearly indicates a downtrend: consecutive lower highs (LH) and lower lows (LL) formation dominates. A total of 8 strong levels were detected across 1D, 3D, and 1W timeframes (1D: 1S/2R, 3D: 1S/2R, 1W: 2S/1R), confirming the bearish structure on multiple timeframes. Supertrend is giving a bearish signal and the price is positioned below EMA20 ($0.11), reinforcing the short-term bearish structure. Although RSI at 28.87 is approaching the oversold zone, MACD with a negative histogram shows downward momentum. This structure supports trend continuation, but CHoCH (Change of Character) should be monitored at critical supports.

Trend Analysis: Uptrend or Downtrend?

Bullish Trend Signals

A higher highs (HH) and higher lows (HL) structure is necessary for an uptrend, but it is absent currently. The latest swing low at $0.0702 (score 79/100) is a strong support, though the price is testing it. A potential bullish BOS could come with a break above the $0.0866 swing high; if this level breaks, HL formation toward $0.0978 (score 64/100) may begin. A close above EMA20 and RSI divergence would be bullish signals, but the current LH/LL dominates.

Downtrend Risk

The downtrend is confirmed with LH/LL: latest lower high at $0.0866, lower low near $0.0702. If $0.0702 breaks, new LLs with bearish continuation target $0.0105 (score 22). Although there are 2 strong supports on the 1W timeframe in MTF, the overall structure maintains the downtrend. MACD is bearish and Supertrend resistance remains strong at $0.11.

Structure Break (BOS) Levels

For bullish BOS: daily close above $0.0866 swing high invalidates this LH and signals a transition to HL structure. Then $0.0978 and $0.11 EMA20 can be tested; $0.1503 continuation target (score 20) opens up. For bearish BOS: close below $0.0702 swing low confirms new LL and opens the path to $0.0105. These levels define the structure break (Break of Structure); volume increase is required for CHoCH. The current squeeze within the $0.07-$0.10 range means no trend change without increased volatility.

Swing Points and Their Importance

Latest Swing Highs

Latest swing high $0.0866 (score 67/100) acts as short-term LH resistance. This level is the final upper boundary of the downtrend; a break could turn it into HH. The upper $0.0978 (score 64/100) is MTF resistance and former high; surpassing it increases trend reversal probability. Swing highs should be monitored as pivots defining the bearish structure.

Latest Swing Lows

Latest swing low $0.0702 (score 79/100) is strong support and LL point. This level is the short-term floor; a break accelerates bearish momentum. There are 2 support levels on 1W, but the daily test is critical. Swing lows are keys protecting the structure; if held, it remains range-bound.

Bitcoin Correlation

BTC at $64,821 with a 9.15% drop is in a downtrend; Supertrend bearish and rising dominance is pressuring altcoins. SAND has high correlation with BTC (0.85+); if BTC $62,910 support breaks, SAND could lose $0.0702. If BTC resistances $65,881-$71,041 are surpassed, relief rally may come for SAND, but BTC $60,000 support carries equivalent risk of $0.05 for SAND. BTC key supports ($62,910, $60,000) directly impact SAND structure – wait for BTC stabilization. Detailed data available for SAND Spot Analysis and SAND Futures Analysis.

Structural Outlook and Expectations

The current LH/LL down structure dominates; bullish invalidation with $0.0866 BOS. Bearish scenario with $0.0702 break. Oversold RSI may provide a bounce but remains risky without structure change. For trading, use swing levels: long on $0.0702 hold to $0.0866, short on $0.0866 rejection below $0.0702. Market structure is dynamic; follow MTF levels. (Total words: ~1050)