Market Overview: The Sandbox/Tether (SANDUSDT) – 2025-10-08 24-Hour Analysis

• The Sandbox/Tether (SANDUSDT) declined over 24 hours, closing near session lows amid bearish momentum.
• RSI entered oversold territory, suggesting potential for short-term bounce, but volume was weak during key downside moves.
• Price tested the 0.266–0.268 consolidation range, failing to break decisively below or above.
• Bollinger Bands widened overnight, indicating rising volatility, particularly during Asian and European hours.
• A bearish engulfing pattern emerged on the 15-minute chart, signaling further downside risk in the near term.

The Sandbox/Tether (SANDUSDT) opened at $0.2711 on 2025-10-07 at 12:00 ET, reaching a high of $0.2733 before closing at $0.2667 as of 2025-10-08 at 12:00 ET. The 24-hour trading session saw a low of $0.2640. Total volume reached 6,723,331.0 and total turnover amounted to $1,779,424.79, showing moderate trading activity amid mixed price action.

The price has been consolidating around the 0.266–0.268 zone over the past two days, with a breakdown confirmed in early Asian hours when it dropped below key support at 0.2685, forming a bearish engulfing pattern. This pattern, combined with weak volume during the breakdown, suggests that sellers remain in control. The 20-period and 50-period moving averages on the 15-minute chart are trending lower, reinforcing the bearish bias in the short term. The 50-period daily MA is also bearish, but the 200-period MA has yet to cross below it, suggesting that the longer-term trend is still neutral to slightly bullish.

MACD shows a bearish crossover with a negative histogram, reflecting fading momentum. RSI has entered oversold territory, below 30, which may indicate a short-term bounce is due, though it could also signal a deeper sell-off if volume remains subdued. Bollinger Bands have expanded overnight, showing increased volatility, particularly between 00:00 and 04:00 ET. Price has been hovering near the lower band for much of the session, indicating bearish pressure.

Key Fibonacci levels for the 15-minute chart include 0.2677 (38.2%) and 0.2665 (61.8%), which acted as minor support during the overnight sell-off. The daily chart’s 0.2730–0.2670 range appears to be a critical area for near-term direction. A break below 0.2660 may lead to a test of 0.2640, a level that previously provided support. Resistance remains at 0.2685 and 0.2700, but a sustained move above these levels would require stronger volume and positive momentum.