Market Overview: The Sandbox/Tether (SANDUSDT) on 2026-01-01

Summary
• Price action formed a bullish continuation pattern with key resistance at 0.1115 and support at 0.1085.
• Momentum increased after 04:00 ET, with RSI pushing into overbought territory.
• Volatility expanded in the final 4 hours, with volume surging to 692,000.
• Bollinger Bands showed a moderate expansion, signaling increased directional bias.

The Sandbox/Tether (SANDUSDT) opened at 0.1097 on 2025-12-31 12:00 ET, reached a high of 0.1117, a low of 0.1072, and closed at 0.1123 on 2026-01-01 12:00 ET. Total volume was 6,920,000, and turnover was 760,350.37.

Structure & Formations

The price action displayed a strong bullish bias from 04:00 to 17:00 ET, marked by a series of higher highs and higher lows. A key support level emerged at 0.1085, which held multiple times and acted as a floor. Between 12:00 and 17:00 ET, price consolidated near 0.1125, forming a potential ascending triangle pattern.

Moving Averages and Momentum

The 20-period and 50-period moving averages on the 5-minute chart aligned in an upward bias, reinforcing the bullish trend. The 50-period daily line was also above the 200-period line, indicating a longer-term uptrend. RSI pushed into overbought territory in the last 2 hours, suggesting a potential correction may occur.

Volatility and Bollinger Bands

Bollinger Bands widened significantly from 14:00 to 17:00 ET, indicating increased volatility and strong directional momentum. Price remained in the upper half of the bands during this time, a typical sign of bullish continuation.

Volume and Turnover

Volume surged above 600,000 multiple times in the final 4 hours, particularly during the push toward the 0.1125 level. Turnover increased in line with volume, showing conviction in the bullish move. No significant price-volume divergence was observed, suggesting the trend remains supported.

Fibonacci Levels

The recent 5-minute swing from 0.1072 to 0.1117 found key retracement levels at 0.1096 (38.2%) and 0.1107 (61.8%), both of which acted as temporary support or resistance. On the daily chart, the 61.8% retracement of the broader move sits near 0.1122–0.1125, which appears to have capped the current upward wave.

SANDUSDT appears to have built momentum toward a potential breakout above 0.1125. While the RSI overbought reading suggests a short-term pullback could occur, the overall trend remains intact. Investors should watch for a break of 0.1130 as a confirmation of bullish continuation. Volatility may increase further, so managing exposure near key levels will be important over the next 24 hours.