Assessing the odds of SAND reaching $1 in the coming week

ambcrypto.com:

Binance U.S. confirmed that the exchange will be adding the Sandbox [SAND] token on the platform. This news was also retweeted by Sandbox on their Twitter account. Since the news broke, investors and SAND reacted positively to this announcement. 

Furthermore, the trend appeared to be continuing as of 5 October. The price of SAND was approximately $0.81 at the start of trading on 4 October. However, SAND’s price stood at $0.83 by the end of the day, a gain of nearly 2%.

Looking at the price of SAND on a daily time frame with the aid of a trend line, we can see that the asset had been in a downward trend for some time now. On the contrary, the six-hour chart revealed an upward trend in price, most notably from 3 to 4 October.

The Awesome Oscillator (AO) crossed above the zero line, indicating a bullish trend for SAND within the six-hour timeframe.

Within the same time frame, bullish signals were also displayed by the Relative Strength Index (RSI), which was above its neutral line. Despite this, the strength of the two bullish trends for both indicators wasn’t convincing.

Source: TradingView

Support was identified at $0.807 on the daily time frame utilizing trendlines. The asset struggled to break through the $1.011 area of resistance for the entire month of September. In recent weeks, the barrier had lowered even further and stood at $0.90, at press time. 

The AO revealed the asset’s activity below the zero line, indicating a mild bearish trend. The RSI was also below the neutral line, but it wasn’t too far below it. This indicated a bearish trend that wasn’t overly strong.

The signal and negative DI lines of the Directional Movement Index (DMI) were both far above 20, while the positive DI line was only slightly lower. This