Market Overview for The Sandbox/Tether (SANDUSDT)

Summary
• Price action formed a bullish engulfing pattern at 0.1388, followed by a measured recovery to 0.1448.
• RSI overbought at 70 during the late morning push, suggesting potential pullback risk.
• Volume surged during the 9:15–9:45 ET window, confirming the break above 0.144.
• Bollinger Bands showed moderate expansion, with price staying near the upper band during the rally.
• Fibonacci 61.8% level at 0.1426 aligned with a minor support, reinforcing consolidation potential.

The Sandbox/Tether (SANDUSDT) opened at 0.1397 at 12:00 ET–1, reached a high of 0.1448, a low of 0.1371, and closed at 0.1435 by 12:00 ET. The 24-hour volume totaled 15,448,380.0 with a notional turnover of $2,212,843.26.

Structure & Formations

A key bullish engulfing pattern emerged at 0.1388 after a sharp decline, signaling a potential reversal. Later, a double-top-like structure formed near 0.1448, indicating resistance. The 0.1426 level, a Fibonacci 61.8% retracement, acted as a minor support during retracements.

Moving Averages

On the 5-minute chart, price remained above the 20- and 50-period moving averages, suggesting bullish momentum in the short term. For the daily chart, the 50-period line at 0.1415 acted as a key support.

Momentum and Volatility

The RSI spiked to 70 during the 9:15–10:45 ET rally, signaling overbought territory. Bollinger Bands showed moderate expansion, with price staying near the upper band for much of the session, indicating strong bullish momentum.

Volume and Turnover

Volume surged between 9:15–9:45 ET, confirming the breakout above 0.144. Turnover spiked in line with volume, with no major divergence observed. The highest volume occurred during the morning rally, supporting the strength of the move.

SANDUSDT appears to consolidate near 0.144, having reached key resistance. A break below 0.142 could bring renewed downward pressure. Investors may watch the 0.140–0.142 range for confirmation of a balanced setup. Volatility and momentum indicators suggest caution for the next 24 hours.