Market Overview: The Sandbox/Tether (SANDUSDT) Breaks Key Resistance Amid Rising Momentum

• The Sandbox/Tether (SANDUSDT) rose 10.2% over 24 hours, forming a bullish reversal pattern after a consolidation phase.
• Price broke above a key resistance at 0.307–0.308, with volume surging 40% in the final 6 hours.
• MACD turned positive, RSI reached overbought territory, and Bollinger Bands widened, indicating rising volatility.
• Turnover spiked during the 22:00–04:00 ET window, confirming bullish momentum with no major divergence observed.

The Sandbox/Tether (SANDUSDT) opened at $0.2982 on 2025-09-17 at 12:00 ET and closed at $0.3109 on 2025-09-18 at the same time, forming a 10.2% gain. The 24-hour high was $0.3136, and the low was $0.2962, with a total volume of 12,437,519 and notional turnover of $3,861,577. The asset appears to have broken out of a 4-hour consolidation phase, forming a bullish breakout pattern with confirmation in volume and momentum indicators.

Structure and trend support the idea of a short-to-medium-term bullish bias. A key support level formed around $0.2975–0.2985 was tested and rejected by buyers, followed by a bearish engulfing pattern at 0.2962–0.2974, which ultimately failed to hold. A strong pinbar at 0.3006–0.3008 on 17:45 ET marked a turning point. Resistance levels at 0.307–0.308 and 0.3105–0.3115 were sequentially broken with increasing volume, suggesting a shift in sentiment.

MACD turned positive in the final 6 hours, signaling bullish momentum, while the RSI rose above 65, indicating overbought conditions and potential for a pullback. Bollinger Bands widened significantly during the breakout phase, suggesting increased volatility. Price moved outside the upper band on multiple occasions, indicating a continuation of the bullish trend—though with a higher risk of consolidation or correction.

Volume confirmed the bullish move, with a sharp increase in the 22:00–04:00 ET window. Notional turnover also spiked during this time, aligning with the upward move. No divergence was observed between price and turnover, indicating strong conviction in the trend. Fibonacci retracement levels on the 15-minute chart suggest potential corrections to key levels like 0.308 and 0.305 before further upward movement.

Backtest Hypothesis
The provided backtesting strategy suggests using a 20-period and 50-period EMA crossover on the 15-minute chart as an entry trigger, combined with a stop-loss placed just below a recent swing low and a take-profit at the nearest Fibonacci resistance level. Given the recent breakout and bullish momentum confirmed by volume and momentum indicators, this strategy aligns well with the observed trend. A backtest of this approach on the provided 15-minute data may reveal a win rate above 60% for short-term trades initiated after the 17:30 ET reversal. The strategy could benefit from filtering trades only when RSI is above 50 and Bollinger Bands are in a contraction phase, increasing the probability of a successful breakout.