- •SAND confirms a support flip after a prolonged downtrend, signaling improving structure and controlled upside momentum.
- •Trading volume surged sharply, supporting price gains and reflecting strong short-term market participation.
- •Funding conditions appear balanced as price consolidates near highs, reducing immediate downside pressure.
SAND is gaining market attention as recent price behavior reflects improving structure following an extended corrective phase. Traders continue monitoring confirmation levels as volume, momentum, and participation expand without signs of excessive leverage.
Higher-Timeframe Structure Signals a Market Transition
SAND spent much of the year in a broad decline after losing a long-standing support zone. That breakdown marked a capitulation phase, removing weak positioning across higher timeframes. Selling pressure gradually weakened as price approached historically active demand areas. This behavior suggested exhaustion rather than renewed distribution.
Following the October to November sell-off, price action remained capped beneath a descending trendline. This trendline rejected multiple upside attempts and defined the broader bearish structure. Momentum faded during the final decline, reflecting reduced follow-through from sellers. Stabilization developed near the $0.11-$0.12 region as demand absorbed supply.
A rounded base emerged instead of a sharp rebound, indicating patient accumulation rather than speculative chasing. Such formations often develop during early transition phases. Structure shifted gradually as volatility compressed and ranges narrowed. These conditions prepared the market for a directional resolution.
Successful Retest Confirms Support Reclaim
A key technical development was the reclaim of short-term horizontal resistance near the base. Price moved above this zone and then returned to test it. The pullback held cleanly, confirming a support flip rather than a failed breakout. This behavior often reflects a change in short-term market control.
World Of Charts referenced this retest in a recent post, noting price strength following confirmation. The retest provided a defined invalidation level for directional positioning. Market participants responded as price stabilized instead of breaking lower. That response reinforced confidence in the reclaimed level.
After holding support, SAND accelerated higher and delivered more than 10% upside. The advance unfolded impulsively rather than gradually, indicating active demand. Price also reclaimed short-term moving averages during this phase. Momentum remained constructive while structure stayed intact.
Volume Expansion Reinforces Short-Term Momentum
SAND as of writing trades at $0.1503, posting a 24-hour gain exceeding 23%. Market capitalization rose to approximately $401.12 million, tracking price movement closely. This alignment suggests demand-driven appreciation rather than supply distortion. Valuation expansion remained orderly during the advance.
Trading volume surged to roughly $222.7 million within 24 hours. This represented an increase approaching five hundred percent from prior levels. The volume-to-market-cap ratio reached fifty-six percent, reflecting elevated turnover. Such conditions often accompany momentum-driven phases.
Intraday price action showed higher lows forming after an early dip. Buying pressure increased during later hours, pushing price toward session highs. Sellers did not meaningfully absorb demand near the top of the range. Participation expanded further as the holder count approached 369,030.