Market Overview for Sonic/Tether (SUSDT) on 2025-09-17

• Sonic/Tether (SUSDT) traded in a tight range before breaking higher in late ET hours.
• Price surged from $0.3007 to $0.3054, forming bullish momentum and volume confirmation.
• RSI overbought at peak suggests potential pullback, though MACD remains bullish.
• Volatility expanded in late session, with Bollinger Bands widening ahead of close.
• Final 15-minute candle closed near 24-hour high at $0.3036, signaling a possible near-term pivot.

Sonic/Tether (SUSDT) opened at $0.3014 on 2025-09-16 at 12:00 ET and reached a high of $0.3054 ahead of close. The 24-hour session closed at $0.3036, up from the open. Total volume was 20,129,619.6 and turnover amounted to $6,100,569.51.

Structure & Formations

Price action showed a strong bullish reversal from a consolidation phase after 17:15 ET, where a large bullish candle confirmed a breakout above key resistance around $0.3036. A series of higher highs and higher lows followed, with a notable bullish engulfing pattern forming between 17:15 and 17:30 ET, suggesting a shift in sentiment. A doji formed at the peak of the 24-hour range ($0.3054), indicating potential indecision ahead.

Fibonacci Retracements

Applying Fibonacci to the major 15-minute swing from $0.3007 to $0.3054, price appears to have tested the 61.8% retracement at around $0.3035 before consolidating. Daily Fibonacci levels suggest a potential target for a continuation near $0.3066 if the current bullish trend holds.

Support and Resistance

Immediate support levels are identified at $0.3030 and $0.3020, while key resistance levels are at $0.3045 and $0.3054. A break above $0.3054 could open the path to $0.3066.

Moving Averages

On the 15-minute chart, price closed above both the 20EMA and 50EMA, signaling bullish momentum. The 50EMA at ~$0.3023 is providing dynamic support, and the 20EMA is tracking price closely, confirming short-term strength. On the daily chart, price remains above the 50DMA and 200DMA, supporting a longer-term bullish outlook.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the final hours of the session as volatility increased. Price closed near the upper band at $0.3036, suggesting strong momentum, though overextension could trigger a pullback toward the middle band (~$0.3033).

MACD & RSI

The MACD remained positive throughout the session, with the histogram expanding in the bullish phase from 17:15 to 19:00 ET. RSI peaked at ~75 in the final hours, indicating overbought conditions and a possible short-term reversal. However, as long as the MACD stays above zero, bullish momentum remains intact.

Momentum and Divergences

Despite the RSI overbought reading, no notable bearish divergence was observed. Price and RSI action remained in sync, suggesting continuation rather than reversal at this stage.

Volume & Turnover

Volume increased significantly in the bullish phase, with the largest 15-minute volume spike at 17:15 ET (1.19M). Turnover rose in tandem, confirming price action. The final 15-minute candle had strong volume (~553,774.4) and closed near the high, reinforcing bullish conviction.

Backtest Hypothesis

A possible backtesting strategy could involve a breakout trade on the 15-minute chart using the 20EMA and 50EMA crossover as entry confirmation, with a stop below $0.3030 and a target at 61.8% Fibonacci at ~$0.3035. This approach aligns with the current bullish momentum and could be validated with historical data from similar breakout patterns. Integrating RSI filtering (e.g., only entering when RSI < 50) may help reduce false signals.