Market Overview for The Sandbox/Tether (SANDUSDT): 2025-09-25

• The Sandbox/Tether (SANDUSDT) declined from 0.2763 to 0.2643, with bearish momentum and declining volume in the final hours.
• Price remained under 20-period MA on the 15-minute chart, with RSI in oversold territory for much of the day.
• Volatility expanded in the early hours but contracted as price consolidated near 0.2650–0.2660.
• A bearish engulfing pattern emerged early in the 15-minute timeframe, followed by a potential bullish reversal near support at 0.2643.
• Turnover surged during the early morning sell-off but waned after the 0.2650 psychological level failed to hold.

The Sandbox/Tether (SANDUSDT) opened at 0.2759 on 2025-09-24 at 12:00 ET and reached a high of 0.2763 before closing at 0.2643 at 12:00 ET on 2025-09-25. The total trading volume for the 24-hour period was 15,123,934.0, with a notional turnover of approximately $4,049,406.0. The price trend remained bearish, with significant intraday consolidation near key support levels.

Structure & Formations

The 15-minute candlestick structure revealed a strong bearish bias. A key support level appears to have formed around 0.2643–0.2650, where price bounced twice. A bearish engulfing pattern was observed in the early morning hours, confirming the breakdown from previous resistance. A potential bullish reversal candle emerged near 0.2643 with a long lower shadow, suggesting short-term buyers may be stepping in. The 0.2755–0.2763 zone also showed resistance, with multiple failed attempts to break higher.

Moving Averages & MACD/RSI

Price stayed below the 20-period and 50-period moving averages on the 15-minute chart, reinforcing the bearish tone. MACD showed a bearish crossover in the early morning, with the line and histogram trending downward. RSI spent the majority of the day in oversold territory (below 30) but failed to generate a strong rebound above 40, suggesting the bearish momentum could persist. The daily moving averages (50, 100, 200) are not provided, but intraday trends indicate a continuation of the larger downtrend.

Bollinger Bands & Fibonacci Retracements

Bollinger Bands expanded significantly in the early hours, indicating heightened volatility during the sell-off. As the day progressed, the bands contracted, aligning with the consolidation phase. Price moved close to the lower band multiple times, especially during the morning sell-off, which often signals potential reversals. Fibonacci retracement levels applied to the 0.2763–0.2643 swing show 38.2% at 0.2705 and 61.8% at 0.2680. Price tested these levels multiple times but failed to hold above them, suggesting bearish exhaustion could continue.

Volume & Turnover

Volume spiked during the early morning sell-off, reaching over 800,000 in a single 15-minute period. Turnover also surged during this time, with several large-volume candles forming in the 0.2700–0.2740 range. As the day progressed, both volume and turnover declined, with price consolidating in a tight range. A divergence between price and turnover emerged near 0.2643, where price found a low without a corresponding volume spike, indicating potential short-term buying interest.

Backtest Hypothesis

Given the observed bearish engulfing pattern and the price's failure to break above the 0.2650–0.2660 zone, a potential backtest strategy could involve a short entry on a confirmed close below 0.2645, with a stop-loss placed above 0.2675 and a target at 0.2605. This aligns with the Fibonacci 61.8% retracement level and recent support levels. The RSI in oversold territory and MACD bearish crossover further support the potential for a continuation of the downward trend. This strategy could be tested using historical data for similar patterns in SANDUSDT.