Market Overview for Sonic/Tether (SUSDT) – 2025-09-23

• Sonic/Tether (SUSDT) traded in a range between $0.2420 and $0.2643 over 24 hours, closing near intraday lows.
• Price experienced a bullish breakout above $0.2500 in the first half, followed by a gradual consolidation and pullback.
• Volatility expanded after 20:45 ET, with a sharp rally to $0.2643, followed by a pullback to $0.2558 at the 24-hour close.
• Notable divergence between price and volume emerged during the retracement phase, signaling potential exhaustion in short-term momentum.
• RSI remained neutral to overbought at close, indicating potential for a near-term correction or consolidation.

At 12:00 ET on 2025-09-23, Sonic/Tether (SUSDT) opened at $0.2450 and closed at $0.2558, with a high of $0.2643 and a low of $0.2420. The 24-hour trading session recorded a total volume of 38,584,328.6 and a notional turnover of approximately $9,633,501. The price action reflected a volatile session driven by a sharp rally in the 20:45–21:30 ET window, followed by a broad pullback that settled above key support at $0.2500.

The structure of the 15-minute OHLCV data revealed multiple key levels. A bearish engulfing pattern formed around $0.2590–0.2603 as price peaked, followed by a descending wedge formation below that level. Strong support emerged around $0.2500, where price found buying interest on multiple occasions. The session also saw a bullish inside bar pattern at $0.2550–0.2559, suggesting a possible short-term reversal.

Moving averages on the 15-minute chart indicated that the price crossed above the 20-period and 50-period lines during the rally, supporting a short-term bullish bias. On the daily chart, the 50-period moving average was positioned at $0.2475, while the 200-period line sat at $0.2440, indicating that the rally over the past day was above the longer-term trend. This could suggest a continuation in the near term, but caution is warranted if the 50-period line fails to hold.

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The RSI reached 68 at the close, suggesting the pair may be approaching overbought territory, though not yet in extreme levels. MACD showed a positive divergence during the rally phase, with the histogram expanding and the line crossing above the signal line. Bollinger Bands expanded significantly during the late-night surge, with price moving toward the upper band before retreating. This suggests a potential overextension that may result in a pullback or consolidation phase. Fibonacci retracement levels highlighted key potential targets during the rally, with the 61.8% retracement at $0.2588 nearly reached before the pullback.

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The volume profile showed a mixed signal: while the rally saw above-average volume, the subsequent retracement occurred with relatively lower volume, indicating a lack of conviction in the move down. Turnover spiked during the 20:45–21:00 ET window, reaching $929,963 in a single 15-minute interval. This suggests strong buying pressure at the peak. Divergences between volume and price movement during the retracement could signal a potential reversal or a shift in market sentiment toward consolidation.

The combination of Fibonacci retracements, Bollinger Band positioning, and RSI levels provides a foundation for a backtesting hypothesis. A strategy could be constructed to enter long positions on a close above the 61.8% Fibonacci level of a defined bullish swing, with a stop-loss placed below the recent 15-minute low. Alternatively, a short position could be triggered on a close below the 38.2% retracement level with a stop above the swing high. Given the recent volatility and divergences, incorporating MACD histogram divergence or a bearish engulfing pattern could enhance signal robustness.