Market Overview for The Sandbox/Tether

Summary
• Price action showed a strong rebound from 0.1101 to 0.1195 with a bullish 5.8% move.
• RSI crossed into overbought territory near 70, suggesting potential short-term exhaustion.
• Volume surged significantly during the rally, confirming the upward momentum.
• Bollinger Bands expanded as volatility increased, with price near the upper band at close.
• No major bearish reversal patterns formed, indicating bullish continuation bias for now.

Market Overview

The Sandbox/Tether (SANDUSDT) opened at 0.1177 on 2025-12-18 at 12:00 ET, reached a high of 0.1195, hit a low of 0.1101, and closed at 0.1184 on 2025-12-19 at 12:00 ET. Total volume amounted to 14,377,500.0 over the 24-hour period, with a notional turnover of approximately $1.69 million.

Structure & Formations

The price action developed a strong bullish bias after breaking through a key resistance level at 0.1145 and extending toward 0.1195. A notable bullish engulfing pattern formed at 0.1162 during the morning hours, reinforcing the upward trend. A key support level emerged at 0.1101, where the price consolidated before surging again.

Moving Averages

On the 5-minute chart, the price closed above both 20-period and 50-period moving averages, suggesting bullish momentum. On the daily chart, the 50-period and 200-period moving averages remain unbroken in a long-term uptrend, supporting a continuation of the bullish trend.

Momentum Indicators

The RSI reached overbought levels (~70), indicating possible short-term profit-taking. The MACD showed a bullish crossover and positive divergence, suggesting continued upward pressure.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly during the rally, reflecting increased volatility. The closing price sat near the upper band at 0.1184, signaling strong bullish energy.

Volume and Turnover

Volume spiked during the morning rally, especially between 03:30 and 04:00 ET, confirming the price move. Turnover mirrored the volume, showing no divergence, which reinforces the legitimacy of the bullish impulse.

SANDUSDT

Fibonacci retracements on the 5-minute chart suggest that the 0.1195 level marks a 61.8% retracement from the earlier pullback. If the price holds above 0.1161, it may aim for 0.1201 on the next 24-hour window. However, a retest of the 0.1145–0.1155 range could introduce caution, especially if volume declines or bearish patterns emerge.