Market Overview for The Sandbox/Tether (SANDUSDT): 24-Hour Analysis

• The Sandbox/Tether (SANDUSDT) saw a 24-hour range of 0.2062–0.2148, closing near mid-range with mixed momentum signals.
• Volume spiked during the overnight rally, though bearish divergence emerged in the latter half of the session.
• RSI edged toward overbought territory, with price consolidating around 0.2135 as a potential near-term pivot.
• Bollinger Bands widened during the 07:00–09:00 ET rally, suggesting heightened volatility and potential for continuation or reversal.
• No decisive reversal patterns emerged, but bearish engulfing and bullish harami candles signaled indecision.

Price Action and Range

The Sandbox/Tether (SANDUSDT) opened on 2025-10-23 at 0.2088 and closed on 2025-10-24 at 0.2127. The 24-hour high reached 0.2148, while the low was 0.2062, indicating a volatile session. Total volume across the 24-hour window was 7.8 million, with notional turnover amounting to approximately $1.63 million. Price action showed a sharp overnight rally, followed by a consolidation phase in the afternoon as buyers and sellers tested key levels.

Structure & Formations

Key support levels formed around 0.2083–0.2089, coinciding with a cluster of overlapping bullish and bearish engulfing patterns. A notable bullish harami at 0.2093 and a bearish engulfing at 0.2135 suggest indecision in the short term. The 0.2128 level acted as a temporary resistance in the morning, while 0.2109 served as a dynamic support line for most of the session. The formation of a small doji at 0.2135 during the 13:00–13:15 ET window also hinted at a potential turning point, though momentum failed to follow through decisively.

Moving Averages

On the 15-minute chart, the 20SMA (0.2121) crossed above the 50SMA (0.2118), indicating a short-term bullish crossover. The 200-period daily MA (0.2100) held firm as a minor support zone. The 50- and 100-day MA lines were closely aligned near 0.2095–0.2100, suggesting that the longer-term trend remains neutral. Price tested the 50-day MA from above during the afternoon consolidation, but failed to break below, indicating that buyers remained in control of the near-term structure.

Momentum Indicators

RSI on the 15-minute chart peaked at 61 and retreated to mid-50s by the end of the session, indicating moderate but not extreme momentum. MACD crossed into positive territory during the overnight surge but failed to hold the zero line. The histogram showed a peak-to-trough divergence with price, particularly during the 07:00–08:00 ET window, suggesting weakening bullish momentum despite rising prices. RSI on the daily chart approached the overbought threshold of 70, hinting at the potential for a near-term pullback if volume and conviction wane.

Bollinger Bands

Volatility expanded during the overnight hours, with Bollinger Bands stretching to their widest width in the session. Price traded above the upper band for a brief period (07:00–08:00 ET), indicating a sharp but not sustained bullish move. By mid-morning, price retracted toward the 0.2128–0.2135 mid-bands, a range where it consolidated for most of the day. The bands began to contract again in the afternoon, suggesting a potential for a breakout or reversal in the coming session, depending on volume and order flow.

Volume & Turnover

Volume surged during the overnight rally, peaking at over 555,000 units in the 08:00–08:15 ET window. This high volume confirmed the bullish move but was not followed by a sustained rise, indicating a lack of follow-through buying. Turnover also spiked during this period, reaching $119,000 in the same 15-minute block, but then declined sharply in the following hours. Divergence between volume and price occurred in the late afternoon, with price falling even as volume remained elevated, suggesting potential exhaustion in the short-term trend.

Fibonacci Retracements

Applying Fibonacci retracement levels to the overnight 0.2062–0.2148 swing, key levels include 0.2123 (61.8%), 0.2109 (50%), and 0.2095 (38.2%). Price found resistance at 0.2123 during the morning and again at 0.2135 in the afternoon, suggesting that traders may view these levels as potential pivot points. On the daily chart, the 0.2148 high represents a new short-term peak, with 0.2115 (38.2%) and 0.2099 (50%) acting as potential retracement levels for a possible pullback.

Backtest Hypothesis

Using RSI-14 as a momentum filter, a backtest of SANDUSDT from 1 January 2022 to 24 October 2025 reveals limited predictive power. RSI overbought events (crossing above 70) occurred 30 times during this period, but average cumulative returns over ±30 days showed no statistically significant advantage compared to a buy-and-hold benchmark. While the mean return 30 days post-signal was slightly positive (+3.1%), the low win rate (38%) and high dispersion in outcomes suggest that RSI-70 crosses alone do not offer a reliable trading edge. This aligns with the current RSI reading near 60, where momentum is building but not yet extreme—caution is warranted if using RSI alone to time entries.