Market Overview for The Sandbox/Tether (SANDUSDT) – October 11, 2025

• The Sandbox/Tether (SANDUSDT) traded in a tight range for most of the session before plunging to 0.1296, driven by a massive 15-minute sell-off.
• A key support level around 0.187–0.190 appears to have temporarily halted the downward momentum, triggering a modest rebound.
• Volatility spiked sharply between 19:30–21:00 ET, with volume surging above 6 million, highlighting unusual market activity.
• RSI dipped into oversold territory near 0.1772, but price failed to close above 0.192, indicating unresolved bearish pressure.
• The 24-hour volume of 143.9 million SAND and a notional turnover of $28.3 million suggest mixed participation and possible distribution.

Price Behavior and Opening Summary

The Sandbox/Tether (SANDUSDT) opened at 0.2568 on October 10 at 12:00 ET, reaching a high of 0.30 before a sharp selloff drove it down to a low of 0.1296. Price closed at 0.2052 at 12:00 ET on October 11. The 24-hour volume totaled 143.9 million SAND, with a notional turnover of $28.3 million.

Structure and Candlestick Formations

A strong bearish engulfing pattern emerged at 0.2568–0.2339 around 21:00 ET, signaling a key short-term reversal. A long-legged doji formed at 0.1772 (19:30 ET) and at 0.1928 (03:15 ET), suggesting indecision. The price found support at 0.187–0.190 (01:30–02:30 ET), forming a small base that halted the decline.

Moving Averages, MACD, and RSI

On the 15-minute chart, SANDUSDT fell below both 20 and 50-period MAs around 21:00 ET, confirming bearish momentum. The MACD histogram expanded during the selloff, reaching a low of -0.005 by 0.131. RSI dipped below 25 near 0.1772, indicating oversold conditions, though the price failed to break above 0.192, showing lack of follow-through buying.

Bollinger Bands and Volatility

Volatility surged between 21:00–21:30 ET, with the price dropping from above the upper band to the lower band in a single candle, indicating a high-volatility contraction. From 01:00–04:00 ET, the price moved within the Bollinger Bands, with a small contraction suggesting potential consolidation.

Volume and Turnover Analysis

A volume spike of 6.98 million SAND at 21:15 ET coincided with the price drop to 0.1296, indicating large-scale selling. However, turnover only increased moderately, suggesting possible dumping or forced liquidation. Volume declined after 03:00 ET, with a small rebound in turnover between 06:00–08:00 ET, hinting at renewed accumulation.

Fibonacci Retracements

Key retracement levels at 0.190 (38.2%) and 0.180 (61.8%) were tested twice during the 24-hour window. A short-term base forming around 0.187–0.190 may act as a near-term support. Daily Fibonacci levels from the October 7 high of 0.268 and October 10 low of 0.1296 suggest a critical pivot at 0.174 (61.8%).

Forward Outlook and Risk

The immediate 1–2-day outlook for SANDUSDT is cautiously bearish if it fails to reclaim 0.192–0.196, with the next support at 0.174 and resistance at 0.205–0.210. Investors should remain cautious as volatility remains high and sentiment appears fragile, particularly given the lack of follow-through buying. A break below 0.185 could trigger further technical selling.

Backtest Hypothesis

Given the bearish engulfing pattern and oversold RSI conditions, a short-term mean-reversion strategy could be backtested. A potential entry would be upon a retest of the 0.187–0.190 support zone with a stop-loss above 0.195 and a target near 0.174. This setup would align with the Fibonacci 61.8% level and could be combined with a RSI crossover above 30 as a confirmation filter.