Market Overview: The Sandbox/Tether (SANDUSDT) on 2025-10-10

• The Sandbox/Tether (SANDUSDT) surged to a 24-hour high of $0.2724 before consolidating near $0.2690.
• Price tested a key resistance at $0.2700 twice, with mixed follow-through on volume.
• Volatility spiked during late-night trading but compressed as of 12:00 ET today.
• RSI and MACD suggested a momentum shift from bullish to neutral, no overbought/oversold levels reached.
• Bollinger Bands reflected moderate contraction, indicating potential for a breakout or reversal.

At 12:00 ET–1 on 2025-10-09, The Sandbox/Tether (SANDUSDT) opened at $0.2606 and reached a high of $0.2724 before closing at $0.2691 by 12:00 ET on 2025-10-10. The price traded within a range of $0.2535 to $0.2730, with total volume of 13,703,600 units and a notional turnover of $3,595,579 over the 24-hour window. Price action showed a late-night rally and early-morning pullback, forming mixed candlestick patterns.

Structure & Formations

Price action on SANDUSDT displayed a bullish recovery from a key support at $0.2650, with a subsequent test of resistance at $0.2700. A bullish engulfing pattern appeared in the early hours of October 10, while a bearish harami formed in the morning, suggesting indecision. A doji near $0.2695 at 15:15 ET marked a potential reversal point. The 24-hour low of $0.2535 served as a critical psychological level, which held for now but could be retested.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed near $0.2670, signaling a potential bullish bias. The 50-period MA acted as a dynamic support around $0.2660–$0.2670, with price frequently returning to that level for confirmation. On the daily chart, the 200-period MA provided a long-term floor at $0.2630, while the 50-period MA hovered slightly above the current price.

MACD & RSI

The MACD histogram displayed a recent shift from positive to neutral territory, reflecting a loss of upward momentum. RSI oscillated between 50 and 60 for most of the day, indicating balanced market sentiment with no strong overbought or oversold signals. A bearish divergence emerged in the 12-hour window as RSI failed to make higher highs despite rising prices, hinting at potential near-term exhaustion.

Bollinger Bands

Bollinger Bands contracted sharply in the last 6 hours of the 24-hour window, suggesting a potential breakout or breakdown. The price closed at $0.2691, which is slightly above the middle band, indicating a mildly bullish short-term bias. The upper band sat at $0.2705, a level that has been tested twice with mixed results.

Volume & Turnover

Trading volume spiked in the late-night hours as price tested $0.2700, reaching a peak of 741,439 units at 15:00 ET. The largest notional turnover occurred at 15:45 ET with $2,264,920 in turnover, corresponding to a sharp drop to $0.2619. This volume surge failed to confirm the bullish move, indicating potential bearish follow-through. A divergence between volume and price action suggests caution for continuation trades.

Fibonacci Retracements

Fibonacci levels drawn from the recent swing high of $0.2724 and low of $0.2619 showed the 50% retracement at $0.2672 and the 61.8% at $0.2653. Price stalled near the 50% retracement before retracing further, suggesting that the 61.8% level could serve as a potential support if the pullback continues. On the daily chart, the 61.8% retracement from the broader $0.2535 to $0.2724 range is at $0.2629, a level already showing consolidation.

Backtest Hypothesis

The proposed backtesting strategy focuses on identifying breakout opportunities using a combination of Fibonacci retracements and volume confirmation. The hypothesis assumes that a bullish breakout above $0.2700 with a volume spike above the 700,000-unit threshold would trigger a short-term buy signal, with a target at 61.8% retracement. Conversely, a breakdown below $0.2653 with similar volume would signal a short position. The strategy integrates Bollinger Band contraction as a volatility filter, favoring entries after a 2-hour consolidation period.