Summary
• Price formed a bullish engulfing pattern near key resistance around 0.1383–0.1387.
• Volatility expanded sharply in the second half of the day, with Bollinger Band widening.
• RSI showed overbought conditions during the rally but later returned to neutral territory.
• Turnover surged during the afternoon, aligning with price action and confirming momentum.
• A 20-period 5-minute moving average crossed above 0.1352, suggesting short-term bullish bias.
24-Hour Summary
The Sandbox/Tether (SANDUSDT) opened at 0.1345 on 2025-12-11 12:00 ET and closed at 0.1370 on 2025-12-12 12:00 ET. The pair reached a high of 0.1399 and a low of 0.1358 during the 24-hour period. Total volume was approximately 11,236,586.0, and notional turnover was calculated at 1,521,621.7 (volume × average price).
Structure and Formations
Price action showed a significant bullish engulfing pattern at 0.1383–0.1387 during the afternoon session, indicating potential short-term strength.
A key resistance cluster formed between 0.1381 and 0.1387, with some consolidation observed after a test of that range. A bearish divergence in the final hours suggested possible profit-taking or consolidation ahead of further directional movement.
Moving Averages and Momentum
On the 5-minute chart, the 20-period MA crossed above the 50-period MA near 0.1352, suggesting a short-term bullish bias. The daily chart showed a flattening 200-period MA around 0.1360, with the 50-period MA also hovering near this level. RSI fluctuated between overbought (75–80) during the midday rally and neutral (50–60) in the final hours. MACD remained positive for much of the day but started to roll over, indicating waning momentum.
Volatility and Bollinger Bands
Bollinger Bands widened significantly in the afternoon and early evening, reflecting increased volatility. Price frequently traded near the upper band, with a temporary close near its edge at 0.1381. This suggests higher-than-usual trading interest and the potential for a breakout or reversal.
Volume and Turnover
Volume spiked sharply during the afternoon with the 0.1383–0.1387 rally, with turnover rising accordingly. This indicated strong conviction behind the move. However, a drop-off in volume and turnover in the final 4 hours suggests buyers may be pausing to assess the next move.
Fibonacci Retracements
On the 5-minute chart, the 0.1387 level closely aligned with a 61.8% retracement of the 0.1358–0.1399 move, suggesting a key psychological level. On the daily timeframe, a 61.8% retracement level of the recent down leg from 0.1430 to 0.1320 sits at 0.1365, which is near current price levels.
Over the next 24 hours, a breakout above 0.1387 could target 0.1400, but a failure to hold that level may trigger a retest of 0.1365. Traders should be cautious of diverging price and volume action, particularly if volume fails to follow through on directional attempts.
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