Market Overview: The Sandbox/Tether (SANDUSDT)

• Price rose from 0.2088 to 0.2290 on strong bullish momentum, closing at 0.2277.
• Volume surged during the 15:00–16:00 ET session, confirming breakout strength.
• RSI shows overbought conditions, suggesting potential pullback.
• Bollinger Bands expanded, reflecting increased volatility in the last 8 hours.
• A bullish engulfing pattern formed at 0.2193–0.2209, signaling short-term strength.

The Sandbox/Tether (SANDUSDT) opened at 0.2088 on 2025-10-12 at 12:00 ET and climbed to a high of 0.2290 before closing at 0.2277 at 12:00 ET on 2025-10-13. The 24-hour volume totaled 28,848,882.0, with a notional turnover of 6,168.92. Price action was characterized by a sustained upward move, with key resistance levels showing initial strength.

Structure and formations suggest strong bullish control in the latter half of the session. A bullish engulfing pattern formed at 0.2193–0.2209, supporting further upside. Resistance appears to congregate around 0.2278–0.2300, with a potential pullback into 0.2240–0.2265 as key support. Price action suggests that buyers are asserting control above 0.2250, with a 15-minute 50-period moving average crossing above the 20-period line, indicating short-term bullish momentum.

MACD turned positive in the last 4 hours, with a clear histogram expansion signaling renewed buying pressure. RSI reached overbought territory above 70, suggesting a possible near-term correction. However, divergence between RSI and price is not yet evident, so momentum may persist. Bollinger Bands have widened significantly, reflecting higher volatility, and price has spent much of the session outside the upper band, indicating a continuation of the bullish phase.

Volume spiked in the 15:00–16:00 ET window, with the highest notional turnover during this period. Volume confirmed the price breakout above 0.2250 and remained elevated throughout the day. A notable divergence between rising price and lower volume has not emerged, which supports the view that the trend is still intact. Fibonacci retracement levels show that 0.2240 (38.2%), 0.2278 (61.8%), and 0.2300 (100%) are key levels to watch as the pair tests upper bounds.

Backtest Hypothesis
A potential backtesting strategy could use the 15-minute support levels as buy signals. For example, using a 20-period low as a trigger, one could enter at the open of the next candle after price touches the level. Given the strong bullish momentum observed, this strategy could capture rebounds off key support levels. For a 1-day holding period, this approach may benefit from the current upward trend, especially if 0.2235–0.2260 remains in play as a consolidation range. Risk management could include a stop-loss below the 20-period moving average or a fixed 1.5% exit rule.