The SAND coin price retraces to the support trendline as it retests the bullish breakout of $4. Will the retest bring bullish reversal? SAND is an ERC-20 token that powers these ecosystem’s exchanges and interactions. For instance, you pay SAND tokens in order to participate in games, buy equipment, or to customize your avatar. In the future, SAND will also serve as a governance token that allows its owners to participate in influence on the changes to the ecosystem once The Sandbox DAO is created. SAND is also a way to purchase ASSETS as well as LANDS, digital pieces of real estate that are represented by ERC-721 tokens that are NFTs. The players can make use of their LANDS, which is a digital plot of 96×96 meters to host the games as well as ASSETS. Let us move ahead to read about SandBox technical analysis. Past Performance of SAND SAND token price shows a growth of 40% within a fortnight, resulting in an expanding channel in the daily chart. The price action shows a reversal near the support trendline and marks a retest of the cup and handle breakout at $4. Moreover, the price action shows lower price rejection near the 100-day EMA which showcases the possibility of a bullish reversal.  SAND/USD Daily Chart SAND Technical Analysis The SAND coin price showing a reversal from $5 accounts for a 15% downfall and an increase in trend momentum. Hence, the chances of a bullish reversal are decreasing. Therefore, traders need to wait for the price action confirmation before taking a bullish stand. The RSI indicator shows a drastic fall in the slope resulting in a merge with the 14-day SMA near the 50% line. Therefore, the indicator reflects increased selling pressure that struggles to continue. The Vortex indicator shows an increased possibility of a trend reversal as the VI lines approach each other. However, the line is yet to give a bearish crossover.  The crucial Exponential moving averages show the price stuck within the 50 and 100-day averages. Moreover, the possibility of a bearish crossover of the mentioned EMAs increases as the downfall gains momentum. In short, the increased bearish trend momentum is evident by the technical indicators but the sellers are getting exhausted. Therefore, the possibility of a reversal in the SAND token is still considerable. Upcoming Trend The SAND coin price finds increased volatility as it trades near the crucial horizontal level at $4. Moreover, the post-retest retracement possibility stands despite the recent downfall.  Hence, traders can find selling opportunities with the breakout of the support trendline with a target near $3.5 and $3.15. On the higher side, the bullish reversal can find opposition near $4.5 and $4.75.

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