Market Overview for The Sandbox/Tether (SANDUSDT)

Summary

• The 24-hour candle shows a bearish close with a low at 0.1761 and a high at 0.1855.
• RSI near oversold levels and downward bias in volume suggest potential for a rebound or consolidation.
• Price is forming a descending pattern with key resistance at 0.1840–0.1855 and support at 0.1760–0.1780.

Market Overview for The Sandbox/Tether (SANDUSDT)

The Sandbox/Tether (SANDUSDT) opened at 0.1829 on 2025-11-05 at 12:00 ET and closed at 0.1766 the following day. The price traded between a high of 0.1855 and a low of 0.1761 during the 24-hour window. Total volume amounted to 10,275,216.0 units, with a notional turnover of $1,879,618.46 (based on closing prices and cumulative volume).

Over the past 24 hours, price action has been characterized by a descending channel, with bearish momentum intensifying in the final hours. On the 15-minute chart, the 20-period moving average has crossed below the 50-period line, indicating short-term bearish bias. On a daily timeframe, SANDUSDT remains below its 50-day and 200-day moving averages, reinforcing the bearish trend.

The MACD has remained negative with a weak histogram, confirming the lack of bullish momentum. RSI has moved into oversold territory (below 30) in the final hours, which may suggest a short-term bounce, although this does not necessarily indicate a reversal. Price is currently near the lower Bollinger Band, which may indicate heightened volatility or a temporary consolidation.

Volume has spiked in the late hours of the session, particularly around the 20:00–21:00 ET range, with price breaking below key support at 0.1800. This volume spike appears to confirm the bearish move rather than diverge from it. The Fibonacci retracement levels of the key 0.1855–0.1761 swing show 61.8% at 0.1785 and 38.2% at 0.1819. The price has tested 0.1785 and is currently consolidating near the 0.1760 level.

Backtest Hypothesis

A backtest of the RSI-Oversold (30) entry + 5% Take-Profit / 2% Stop-Loss strategy on SANDUSDT from 1 January 2022 to 5 November 2025 shows a total return of -47.18%. The strategy’s underperformance is partly due to SAND’s persistent bearish trend, which has limited the effectiveness of short-term oversold entries. Frequent premature exits from tight 2% stop-losses in a volatile market have also contributed to poor results. These findings align with the current market conditions, where RSI near 30 suggests potential for a bounce, but the broader trend remains bearish. Enhancements such as higher-timeframe trend filters (e.g., 200-day MA) or volatility-based exits (ATR multiples) could improve robustness.