Market Overview: The Sandbox/Tether (SANDUSDT) – October 4, 2025

• The Sandbox/Tether (SANDUSDT) declined over 24 hours, closing at 0.2837 from 0.288.
• Volume spiked in the midday ET session, but price failed to follow through.
• RSI showed overbought conditions briefly before correction, indicating bearish momentum.
• Bollinger Bands expanded during the session, signaling heightened volatility.
• Key support levels at 0.284–0.285 appear to be holding, with potential for a test of 0.2825–0.283.

24-Hour Snapshot

The Sandbox/Tether (SANDUSDT) opened at 0.288 on October 3 at 12:00 ET and closed at 0.2837 on October 4 at the same time. The price reached a high of 0.2925 and a low of 0.2824 over the 24-hour period. Total traded volume was 11,653,314.0, with notional turnover of 3,175,249.59 (calculated using amount * average close).

Structure & Formations

Price action showed bearish exhaustion in the late afternoon and early evening ET, with multiple bearish engulfing patterns emerging between 17:15 ET and 18:15 ET, confirming a reversal from earlier bullish momentum. A doji formed at 22:30 ET, suggesting indecision and potential for a near-term reversal or consolidation. Key support levels identified include 0.284–0.285 and 0.2825–0.283. Resistance remains at 0.289–0.290, which was tested multiple times but not broken.

Moving Averages and MACD/RSI

On the 15-minute chart, the 20-period and 50-period moving averages are converging from above, indicating weakening bullish momentum. MACD lines turned bearish in the late afternoon, with a negative histogram showing divergence from price highs. RSI reached overbought levels twice, peaking at ~63 before retreating below neutral territory, signaling bearish bias.

Bollinger Bands expanded during the session, with price testing the lower band multiple times, especially around 0.284–0.283, indicating increased volatility and potential for a bounce or breakdown.

Volume & Turnover

Volume surged during the 17:15–18:15 ET period, with over 2.1 million contracts traded in a single 15-minute interval. This was not matched by a corresponding price increase, suggesting bearish divergence. Turnover also rose during the same window, reinforcing the bearish narrative. A sharp drop-off in volume occurred after 20:00 ET, which could signal consolidation rather than a reversal.

Fibonacci Retracements

Applying Fibonacci retracements to the recent high (0.2925) and low (0.2824) reveals critical levels. The 61.8% retracement is at 0.2866, which has been a strong resistance area. The 38.2% level is at 0.2877, currently acting as support. If price continues lower, the 50% level at 0.2874 could be tested, with a break below that pointing toward a test of 0.284.

Backtest Hypothesis

A potential backtest strategy for SANDUSDT would involve identifying bullish engulfing and doji patterns near Fibonacci 38.2% and 61.8% retracement levels, paired with RSI divergence. A long entry could be considered on a bullish breakout above 0.2866 with RSI above 50, while a short entry may be initiated on a breakdown below 0.284, confirmed by a bearish MACD crossover. Stop-loss and take-profit levels can be set at key Bollinger Band and support/resistance zones.