Market Overview for The Sandbox/Tether (SANDUSDT) – 2025-11-01

• The Sandbox/Tether (SANDUSDT) fell from 0.2077 to 0.2021 over 24 hours, with a 61.8% retracement target unmet.
• A bearish divergence in RSI suggests weakening momentum, while volume increased during key declines.
• A multi-hour bullish reversal attempt from 0.1984 failed near 0.2031, reinforcing 0.203–0.2035 as resistance.
• Volatility expanded in the morning, compressing later, with price lingering near lower Bollinger Bands.
• Total volume reached 11.5M, while turnover hit $2.3M, reflecting heightened but uneven interest.

The Sandbox/Tether (SANDUSDT) opened at 0.2029 on 2025-10-31 12:00 ET and closed at 0.2021 on 2025-11-01 12:00 ET, with a high of 0.2077 and a low of 0.1981. Total volume over the 24-hour window was 11.5 million contracts, and notional turnover amounted to approximately $2.3 million, indicating increased but uneven interest.

Structure & Formations

Price action in SANDUSDT showed a key bearish breakdown from a multi-hour consolidation phase, breaking down from 0.203–0.2035 into a 0.201–0.202 trading range. A notable bearish divergence appeared in the 15-minute RSI, failing to recover above 50 after a failed bullish attempt at 0.2008. A significant bearish engulfing pattern formed around 0.2031–0.2029, followed by a failed rebound to 0.204–0.205. A possible support zone emerged between 0.2016 and 0.2022, with a hammer-like reversal visible at 0.2005–0.2008.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in bearish alignment, with price lingering below both. On the daily chart, the 50-period MA was above the 100- and 200-period lines, suggesting a medium-term bullish bias. However, the recent price action failed to close above the 50-day MA, indicating a near-term bearish bias.

MACD & RSI

The MACD histogram remained negative throughout the day, with bearish momentum intensifying after the breakdown from 0.203. RSI dipped into oversold territory multiple times, especially after 0.2005, failing to confirm any meaningful rebounds. This divergence suggests that sellers may still control the near-term bias, even after multiple failed bounces.

Bollinger Bands

Volatility expanded during the early hours of the session, with price reaching the upper band near 0.2077. However, it quickly reversed and compressed into a narrow range by the afternoon, lingering near the lower band. A contraction followed, indicating potential for a breakout or breakdown, though the failure to hold above 0.2031 suggests a bearish scenario is more likely.

Volume & Turnover

Volume spiked significantly during the breakdown from 0.2031 to 0.2005, with a large candle closing at 0.2005 on high volume. However, subsequent rebounds lacked volume support, particularly in the 0.2015–0.2025 range. Notional turnover was uneven, with a large spike near 0.206–0.2077, but the price failed to consolidate above that range, indicating a lack of conviction.

Fibonacci Retracements

Applying Fibonacci levels to the recent 0.2005–0.2077 swing, the 38.2% retracement level at 0.2043 and the 61.8% at 0.2058 were key but unmet. On the daily chart, the 61.8% retracement of the broader bear move from 0.2077 to 0.1981 would be around 0.2027, a level that saw a failed test. This suggests that buyers may struggle to regain control near 0.2025–0.203.

Backtest Hypothesis

The backtest strategy, which relied on Bullish-Engulfing patterns and 61.8% Fibonacci targets, encountered no actionable trades over the 2022–2025 period. This outcome aligns with the current market behavior, where bullish setups either lacked follow-through or were quickly reversed. The bearish divergence in RSI and the failure to hold above key resistance levels suggest a more flexible approach is needed to adapt to the current environment. Relaxing entry rules or targeting smaller retracements might yield better results.