Summary
• Price broke below key support at 0.1270 on a bearish engulfing pattern.
• RSI entered oversold territory near 30, hinting at potential near-term rebound.
• Bollinger Bands expanded sharply, reflecting heightened volatility in the final 6 hours.
• Volume spiked during the 15:00–17:00 ET session, aligning with price deterioration.
• A 61.8% Fibonacci level at ~0.1234 could become a critical floor in the short term.
The Sandbox/Tether (SANDUSDT) opened at 0.1278 on 2025-12-14 12:00 ET, peaked at 0.1282, and closed at 0.1188 by 12:00 ET on 2025-12-15. The pair fell to a low of 0.1182 amid a sharp decline in the last 45-minute candle. Total volume for the 24-hour period was 8.25 million, with notional turnover of ~$1.01 million based on traded amounts.
Structure and Key Levels
Price action formed a bearish engulfing pattern around the 0.1270 level, signaling a short-term shift in momentum.
A descending triangle pattern emerged from 0.1282 to 0.1256, now broken to the downside. Support levels at 0.1242 and 0.1234 align with Fibonacci retracement levels from the 0.1282 swing high, offering potential floors for near-term buyers.
Momentum and Volatility
MACD turned negative with a bearish crossover, reflecting weakening bullish momentum. RSI dipped into oversold territory, suggesting possible mean reversion or consolidation. Bollinger Bands showed a marked expansion during the last 6 hours, highlighting increased volatility and a high-probability move away from a central equilibrium.
Volume and Turnover Dynamics
Volume surged during the 15:00–17:00 ET session, matching the downward price acceleration. Notional turnover remained consistent with volume, indicating aligned price and volume action rather than divergence. The late sell-off was supported by strong participation, raising the likelihood of a test of key Fibonacci levels.
Forward Outlook and Caution
With price testing the 61.8% Fibonacci level near 0.1234, a rebound could see a retest of 0.1242. However, if support fails, the next downside target is 0.1204. Investors should watch for a confirmation candle at 0.1242 and remain cautious of further volatility amid macro uncertainty.
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