Market Overview for The Sandbox/Tether (SANDUSDT)

Summary
• Price tested key resistance at $0.1200 but failed to hold, breaking to the downside.
• Volatility expanded after 22:00 ET as price dropped below a key 5-minute moving average.
• RSI entered oversold territory below 30, suggesting potential short-term rebound.
• Notional turnover surged past $100,000 during late hours, aligning with lower prices.
• A large bearish engulfing pattern formed at 02:45 ET, signaling strong short-term bear momentum.

The Sandbox/Tether (SANDUSDT) opened at $0.1189 on 2026-01-02 at 12:00 ET, reached a high of $0.1218, and closed at $0.1172 at 12:00 ET on 2026-01-03. The 24-hour volume was 9,021,010.0 and notional turnover totaled $106,261.15.

Price action unfolded in a bearish bias, with key resistance at $0.1200 breaking after a failed attempt to consolidate above that level. A large bearish engulfing candle formed at 02:45 ET, reinforcing the downward trend. Momentum, as indicated by RSI, fell into oversold territory, which may indicate a potential short-term bounce.

Bollinger Bands expanded during the late hours of the period, reflecting increased volatility following the break of key support. The 20-period 5-minute moving average crossed below key price levels, suggesting bearish continuation. Volume increased notably during the price decline, offering confirmation of bear pressure.

Looking ahead, a test of the $0.1170–0.1169 support zone appears likely, with a possible bounce back toward $0.1185–0.1190 if RSI rebounds. Investors should watch for any divergence between volume and price action to gauge trend strength. A break below $0.1170 could accelerate further downward movement.