Market Overview for The Sandbox/Tether (SANDUSDT)

Summary
• Price tested key support at 0.113–0.1135, rebounding with a bullish reversal pattern near 0.1135.
• Momentum weakened in early session, but RSI suggests oversold conditions may have supported a rebound.
• Bollinger Band contraction observed during 11:00–12:00 ET, suggesting potential for a breakout.
• Volume surged near 0.1135 and confirmed price action with higher turnover during the 08:45–09:00 ET reversal.
• 50-period moving average on 5-min chart acted as dynamic support, confirming a short-term recovery.

The Sandbox/Tether (SANDUSDT) opened at 0.1197 on 2026-01-11 12:00 ET, reaching a 24-hour high of 0.1198 and a low of 0.1121, closing at 0.1162 by 12:00 ET. Total volume amounted to 10,391,630.0 and notional turnover was approximately 1,214,128.16 USD.

Structure & Formations

Price action revealed a bearish breakdown attempt from 0.1166 to 0.1135 before a reversal formed in the morning. A bullish engulfing pattern emerged at 0.1135, suggesting possible short-term support. A key level to watch is 0.1163–0.1168, which acted as both resistance and support multiple times.

Moving Averages

The 20-period and 50-period moving averages on the 5-minute chart converged in the 0.1160–0.1165 range, reinforcing the current consolidation. Daily 50-period and 200-period averages are likely still bearish, though short-term traders may see a potential retest of the 50-period line.

Momentum and Volatility

MACD turned neutral during the 08:45–09:00 ET reversal, with RSI dipping into oversold territory below 30. Bollinger Bands showed a period of contraction in the early morning hours, suggesting potential for a breakout or reversal. Volatility picked up near the 0.1135 level, with increased volume and turnover confirming the bounce.

Volume and Turnover

Volume spiked at 0.1135 during the 08:45–09:00 ET session, with a large notional turnover of ~11,581 USD. Price and volume aligned during the bounce, indicating strength in the reversal. A divergence was noted earlier in the morning when volume failed to confirm a breakout above 0.1168.

Fibonacci Retracements

The recent swing from 0.1198 to 0.1131 found a strong bounce at the 61.8% retracement level (~0.1135), reinforcing its importance as a potential turning point. Traders may monitor the 38.2% level (~0.1153) for a potential next move.

The pair appears to be in a short-term consolidation phase after a sharp correction, with the 0.1135 level offering a potential floor. If buyers hold near this level, a retest of the 50-period moving average could follow. However, volatility remains elevated, and a breakdown below 0.1125 could reignite the downward trend.