Market Overview for The Sandbox/Tether (SANDUSDT) – 24-Hour Summary

Summary
• SANDUSDT tested key resistance at 0.118–0.120, forming a bullish continuation.
• Momentum accelerated in the 16:30–17:00 ET window, with volume confirming strength.
• RSI and MACD signaled overbought conditions, suggesting short-term consolidation.
• Volatility expanded into Bollinger Band upper channel, signaling bullish engagement.
• 61.8% Fibonacci retracement at 0.1163 acted as dynamic support, later tested during pullbacks.

The Sandbox/Tether (SANDUSDT) opened at 0.1127 on 2026-01-01 12:00 ET, peaked at 0.1201, and closed at 0.1201 on 2026-01-02 12:00 ET. The pair traded within a 0.1122–0.1201 range, with total 24-hour volume of 24.3 million and turnover of $2.73 million.

Structure and Momentum

Price formed a bullish continuation pattern as it cleared the 0.118–0.120 range on strong volume. A large bullish engulfing pattern emerged at 0.1176–0.1182 during the 16:30–17:00 ET window. The 5-minute 20SMA/50SMA crossed to the upside, reinforcing the uptrend. MACD registered a strong positive crossover, while RSI approached overbought territory, indicating potential short-term pullback risks.

Volatility and Fibonacci

Bollinger Bands expanded as price pushed toward the upper band during the final two hours of the window. A 61.8% Fibonacci retracement at 0.1163 held strong, acting as a key support level.

Volume and Turnover

Volume surged during the 16:30–17:00 ET period, confirming the breakout above 0.1182. Turnover increased in tandem with price highs, showing strong buyer participation. No notable divergence was observed between volume and price.

The pair appears poised to test key resistance at 0.1201–0.1220. However, overbought momentum and rising volatility may trigger a short-term consolidation phase. Investors should watch for a potential retest of the 0.1175–0.1182 range for continuation or reversal signals.