Market Overview for The Sandbox/Tether (SANDUSDT)

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 7, 2025 1:44 pm ET1min read
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- SANDUSDT surged 15.8% in 24 hours, closing at 0.2026 after a bullish breakout above 0.1900 with 15.7M volume.

- RSI hit overbought levels (>70) and Bollinger Bands expanded, signaling heightened volatility near 0.2040 resistance.

- A large bullish engulfing pattern (0.186-0.2011) confirmed trend reversal, with price above 50-period daily MA at 0.1840.

- Key support at 0.1860 and 0.1830 faces test as Fibonacci 61.8% level (0.1983) was breached, suggesting continued upward momentum.

Summary
• The Sandbox/Tether (SANDUSDT) traded higher on the day, closing near its high after a bullish breakout.
• Volume surged in the final hours of the session, especially during the afternoon and early evening ET.
• RSI climbed into overbought territory, suggesting potential pullbacks or consolidation ahead.
• Bollinger Bands expanded, reflecting increased volatility as the pair moved toward 0.2026.
• A large bullish engulfing pattern formed around 0.186–0.2011, suggesting a reversal from bearish to bullish bias.

The Sandbox/Tether (SANDUSDT) opened at 0.1760 on 2025-11-06 12:00 ET and closed at 0.2026 by the same time the next day. The pair reached a high of 0.2040 and a low of 0.1741. Total volume for the 24-hour period was 15,714,889, with a notional turnover of approximately $3,136,206.

Price action over the last 24 hours showed a strong bear-to-bull reversal, with a key breakout occurring around 0.1900. The formation of a large bullish engulfing candle between 0.1860 and 0.2011 (around 16:00–17:00 ET) signaled a potential trend reversal. This pattern, combined with strong volume during the breakout, may indicate short-term bullish

momentum
. Key support levels appear at 0.1860 and 0.1830, while resistance is forming at 0.2040 and potentially 0.2100.

Moving averages on the 15-minute chart showed a positive cross, with the 20-period above the 50-period line during the breakout phase. This suggests continued upward bias, at least in the short term. The 50-period daily moving average is at ~0.1840, meaning the current price is well above this key trend line, indicating a bullish trend at the daily timeframe.

Relative Strength Index (RSI) rose sharply to overbought territory (above 70) in the final hours of the session, especially during the late afternoon and early evening ET. This may indicate an overextended move and a potential pullback or consolidation period. Momentum may slow as RSI could correct toward neutral territory, but sustained volume may support further upward movement. Bollinger Bands widened significantly during the breakout, reflecting increased volatility. Price currently sits near the upper band, suggesting a possible reversion toward the mean or a continuation of the bullish trend with further strength.

The Fibonacci retracement levels for the recent 15-minute swing (from 0.1741 to 0.2040) are at 0.1860 (38.2%), 0.1922 (50%), and 0.1983 (61.8%). The price has already tested and moved beyond the 61.8% level, suggesting continued bullish momentum if it holds above 0.1983.

Backtest Hypothesis
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