Technical analysis by Faisal-Nagi about Symbol SAND: Buy recommendation (11/18/2024)

**SANDUSDT Technical Analysis on the Weekly Breakout:** Hello dear followers, today we will discuss the movement of **SAND** against the US dollar on the **Binance** platform based on the weekly breakout. 1. **Current price and recent movement**: - Currently, the **SAND/USDT** pair is trading at the **$0.3599** level. - We see that the price has rebounded from a strong support area between **$0.20 - $0.30**, which is a historical support area that has maintained price stability in the past. 2. **Support and resistance levels**: - **Current support**: The area between **$0.20 and $0.30**, which has proven to be strong as a rebound area. - **Next resistance**: The first level is at **$0.6510**, which represents a **195.11%** increase from the current price. - If this level is exceeded, the next target will be at **$2.9491**, which represents a **847.38%** increase. 3. **Expected Scenario**: - If the price manages to maintain the support area and continues to rise, we expect it to move towards **$0.65** as an initial target. - It is expected to face some corrections before reaching **$2.94**, where the price may witness slight fluctuations before reaching these levels.4. **Suggested Strategy**: - For investors who prefer to enter long-term trades, they can consider buying at the current levels or any further decline towards **$0.30** with a stop loss below **$0.20**. - Expected targets are **$0.65** as an initial target and **$2.94** as an ultimate target.**Conclusion**: The outlook for **SAND** looks positive, especially if the price continues to respect the current support area. But always remember that financial markets are full of volatility, so we advise you to manage your risks carefully.---