SAND Technical Analysis Jan 29

Today’s short-term outlook and critical levels to watch: SAND under pressure in the oversold region, resistance breakout essential for quick recovery.

Short-Term Market Outlook

SAND is trading at 0.11$ as of January 29, 2026, and experienced a sharp 6.89% drop in the last 24 hours. The daily range remained narrow at 0.11$-0.12$, with volume limited to 62.90M$. Short-term indicators give clear bearish signals: Despite RSI at 24.46 in the oversold region, MACD shows a negative histogram and Supertrend is in bearish position, pointing to 0.13$ resistance. Price is trapped below EMA20 (0.13$), confirming downtrend dominance in the 24-48 hour window.

In multi-timeframe (MTF) context, 12 strong levels detected in 1D/3D/1W timeframes: 1D has 2 supports/3 resistances, 3D has 2 supports, 1W balanced 3S/3R. Overall trend downward, short-term upside target 0.1306$ (low score), downside 0.0876$. No news flow, so technical levels in focus. High-risk environment for active traders: Oversold RSI offers possible rebound but momentum weak, quick invalidations critical.

Intraday Critical Levels

Nearby Support Zones

No strong support levels (score >=60), increasing downside potential. Closest critical support is the intraday low at 0.11$, with risk of rapid collapse below. Next target 0.0876$ (low score but MTF-supported). For scalping, watch 0.1095-0.1100 band; break below accelerates drop below 0.10$ within 24 hours. Risk management: Do not place positions below 0.11$, keep stop-losses tight.

Nearby Resistance Zones

Most critical resistance at 0.1157$ (score 71/100), immediately above 0.13$ (EMA20 and Supertrend resistance). Higher up 0.1422$ (score 62/100). Intraday momentum requires close above 0.1157$; if not broken, short bias preserved. Swing traders note 0.12$ pivot, today’s high.

Momentum and Velocity Analysis

Short-term momentum bearish: MACD histogram widening negative, no RSI divergence despite oversold, meaning weak quick recovery. Downtrend supported by volume decline, Supertrend flip requires above 0.13$. 4-hour chart velocity analysis: Decline momentum strong, expect acceleration on break below 0.11$. Oversold conditions open door for scalp longs but overall bias short. Volatility may increase in 24-48 hours, but BTC pressure limits altcoins. Risk: Watch false breakouts, quick invalidations lead to high capital erosion.

Short-Term Scenarios

Upside Scenario

Triggered by 1-hour close above 0.1157$, target 0.1306$. Trigger: RSI rebound above 30 and volume increase. Invalidation: Close below 0.11$, close longs if broken. Low probability (%30), requires BTC stabilization. Limited potential return, risk/reward ratio 1:1.5.

Downside Scenario

Break below 0.11$ (intraday low), target 0.0876$. Trigger: MACD new low and volume spike. Invalidation: Retake above 0.1157$. High probability (%70), downtrend continuation. Ideal for scalp shorts, but MTF support at 0.0876$ may react. High risk: Tight stops against sudden pumps.

Bitcoin Correlation

BTC at 85,334$ with 4.39% drop in downtrend, Supertrend bearish. Altcoins like SAND highly correlated to BTC; if BTC loses 85,986$ support, SAND drops below 0.10$. Critical BTC levels: Supports 85,986$, 84,137$, 82,852$; resistances 87,556$, 88,518$. BTC dominance rise crushes alts, longs risky for SAND without BTC above 87k. Watch: BTC below 84k cascades SAND to 0.0876$. Details in SAND Spot Analysis and SAND Futures Analysis.

Daily Summary and Watch Points

Today’s focus: 0.11$ support test and 0.1157$ resistance rejection. Main scenario down, upside needs BTC recovery. Watch: 1) 0.1157$ break (long trigger), 2) Below 0.11$ (short acceleration), 3) RSI below 20 extreme oversold, 4) Volume above 70M$. Short-term trades high risk: Max 1-2% risk/position, keep leverage low. Volatile 24-48 hours, no news flow expected.