Market Overview for Sandbox (SANDUSDT)

• SANDUSDT rose 6.5% over 24 hours, forming a bullish engulfing pattern near 0.3021.
• RSI reached 65, indicating strong momentum but not overbought territory.
• Volume surged near 0.3021–0.3076, confirming key breakout levels.
• Bollinger Bands expanded as volatility increased, with price testing upper band.
• Fibonacci retracement levels at 0.3041 and 0.3068 acted as dynamic support/resistance.

Sandbox’s SANDUSDT opened at $0.2913 on 2025-07-25 12:00 ET and closed at $0.3072 on 2025-07-26 12:00 ET, hitting a high of $0.3119 and a low of $0.2901. Total volume was 11.8 million, and turnover reached $3.63 million over 24 hours.

Structure & Formations

The 24-hour candlestick pattern showed a strong bullish reversal, with a key breakout above the 0.3021 resistance level. A bullish engulfing pattern formed after a consolidation phase between 0.2962 and 0.3021. A doji appeared near 0.3035, suggesting temporary indecision. The price then surged past 0.3068, which aligns with a Fibonacci 61.8% retracement level from the prior leg down.

Moving Averages

On the 15-minute chart, SANDUSDT closed above the 20-period and 50-period moving averages, indicating a bullish bias. On the daily chart, the 50-period MA crossed above the 100-period MA, reinforcing a medium-term positive trend. The 200-period MA remains a strong support at 0.2850–0.2875.

MACD & RSI

The 15-minute MACD showed a positive divergence, with both the line and histogram trending upward. RSI reached 65 by the close, showing strong momentum but not yet in overbought territory. These indicators suggest that buying pressure remains robust, though a pullback could occur if RSI exceeds 70.

Bollinger Bands

Bollinger Bands expanded as volatility increased, with the price testing the upper band multiple times. A breakout above the upper band at 0.3076–0.3085 could signal the start of a new upward phase. The middle band currently sits at 0.3048, acting as a dynamic support/resistance level.

Volume & Turnover

Volume spiked during the key breakout near 0.3021–0.3076, confirming the strength of the rally. Turnover rose in tandem with the price action, showing no divergence. The highest volume was recorded at 0.3021–0.3027, with a total of 448,749 contracts traded, supporting the validity of the breakout.

Fibonacci Retracements

Fibonacci levels played a key role in the 24-hour move. The 0.3041 level (38.2%) acted as support, while the 0.3068 level (61.8%) was tested and broken. The 0.3082–0.3087 range (78.6%) could now act as the next potential target for a continuation of the upward trend.

SANDUSDT appears to be in a strong short-term bullish phase, supported by volume, momentum, and key technical levels. However, a pullback to test 0.3041–0.3068 could occur before a new leg higher. Traders should watch for a close above 0.3085 for confirmation of a broader breakout, while keeping a risk caveat in place for potential volatility shifts.