Market Overview for The Sandbox/Tether (SANDUSDT) – 24-Hour Summary

Summary
• Price fell from 0.1226 to 0.1158 on high-volume bearish divergence and strong bearish reversal patterns.
• Oversold RSI and low Bollinger Band position suggest potential short-term bounce near 0.1160–0.1175.
• Volume spiked during sharp declines, confirming bearish momentum despite occasional bull attempts.
• 50-period MA on 5-min chart crossed below 20-period, reinforcing downward bias.
• Fibonacci 61.8% support near 0.1165–0.1175 is critical for near-term reversal signals.

The Sandbox/Tether (SANDUSDT) opened at 0.1204 on 2026-01-07 at 12:00 ET, reaching a high of 0.1226 before closing at 0.1179 on 2026-01-08 at 12:00 ET. The 24-hour low was 0.1149. Total volume amounted to 7.42 million SAND, with a notional turnover of approximately $894,000.

Structure & Key Levels

Price broke below a key support cluster near 0.1194–0.1197 and tested 0.1160–0.1175, which now acts as critical Fibonacci 61.8% support. A large bearish engulfing pattern formed around 0.1205–0.1194, signaling strong bearish conviction.

Indicators & Momentum

The RSI approached oversold territory (around 30) near the close, hinting at potential near-term bounce. MACD showed bearish crossover and divergence during the final dip. Bollinger Bands constricted in early hours, then expanded sharply as volatility rose with the price drop.

Volume and Turnover

Volume surged during the 0.1205–0.1160 decline, especially in the 07:00–09:00 ET timeframe, confirming bearish strength. Notional turnover spiked during those sessions, showing increased selling pressure.

Forward Outlook

SANDUSDT may test Fibonacci 61.8% support near 0.1165–0.1175 for potential bounce, but a break below this could push toward 0.1149–0.1155. Investors should watch for a rejection at these levels before committing to longs. A reversal candle above 0.1185 may signal short-term bear exhaustion.

Traders should remain cautious for a follow-through sell-off if volume remains elevated and RSI fails to rebound above 35.