Market Overview for The Sandbox/Tether (SANDUSDT)

Summary
• Price tested key support at 0.1175–0.1179, bounced with a bullish engulfing pattern.
• RSI hit oversold levels below 30, suggesting potential short-term buying interest.
• Volatility expanded in the last 6 hours, with volume surging above 500,000.
• Price closed near the 50-period MA, signaling potential continuation of consolidation.
• Bollinger Bands widened, indicating increased uncertainty and potential breakouts.

The Sandbox/Tether (SANDUSDT) opened at 0.118 on 2026-01-08 12:00 ET, reaching a high of 0.1218 and a low of 0.1159 before closing at 0.118 on 2026-01-09 12:00 ET. Total volume was 9,128,878, with a notional turnover of $1,053,779.

Structure & Support/Resistance

The price formed a bullish engulfing pattern at 0.1175–0.118, signaling a short-term reversal. Key support levels remain at 0.1175 and 0.1169, with resistance forming near 0.119.

Momentum and Moving Averages

RSI reached oversold territory below 30, suggesting a potential rebound. Price closed near the 50-period MA on the 5-minute chart, showing mixed signals.

Volatility and Bollinger Bands

Volatility expanded significantly, with Bollinger Bands widening over the last 6 hours. Price remains within the bands, but a break above 0.120 could signal renewed momentum.

Volume and Turnover

Volume spiked above 500,000 in the final hours, with strong buying interest seen between 01:30 and 02:00 ET. Notional turnover aligned with volume, supporting the potential for a sustained rally.

The market appears poised for a breakout or continuation of consolidation depending on whether buyers commit above 0.119. Investors should monitor for a break of this level, but keep in mind that elevated volatility may bring sharp corrections if sentiment shifts.