Market Overview for Sonic/Tether (SUSDT) – 2025-10-13

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• Sonic/Tether (SUSDT) rose from 0.1918 to 0.2009, showing a bullish reversal after hitting a low of 0.1911.
• A key breakout above 0.196 marked sustained buying interest and momentum turning positive.
• Volume surged during the 19:30–20:30 ET session, confirming the 0.2029 high as a pivotal resistance level.
• RSI hit overbought levels in late trading, while Bollinger Bands expanded, signaling increased volatility.
• Divergence between price and turnover in the 04:00–06:00 ET window raised caution on sustainability of the rally.

Sonic/Tether (SUSDT) opened at 0.1918 on 2025-10-12 at 12:00 ET and closed at 0.2009 by the same time on 2025-10-13. The pair reached a high of 0.2029 and a low of 0.1911 during the 24-hour period. Total volume traded was 65,105,613.9, with a turnover of $12,717,635. The price action showed a clear reversal pattern from bearish to bullish momentum, particularly after the midday ET sessions.

Structure and candlestick formations revealed a critical support level at 0.195–0.196, which was retested multiple times and held firm. A notable bullish engulfing pattern emerged around 19:30 ET, confirming a shift in sentiment. The price then moved decisively above 0.2029, suggesting strong buyer control. Key resistance levels to watch in the near term include 0.2029 and 0.206, with the latter representing a potential ceiling based on prior highs.

The 20-period and 50-period moving averages on the 15-minute chart crossed in a bullish manner around the 19:30–20:30 ET window, confirming a short-term uptrend. The daily chart showed the 50-period MA above the 200-period MA, indicating an intermediate bullish bias. This suggests that while the short-term momentum is strong, longer-term investors should monitor the 100-day MA for potential trend continuation.

The MACD turned positive with a strong histogram at the end of the session, signaling growing bullish momentum. RSI spiked into overbought territory above 70, reaching 74 at the 20:30 ET session, a sign that caution is warranted for near-term overextensions. Bollinger Bands saw a marked expansion during the breakout, indicating rising volatility. The price closed near the upper band, suggesting a potential pullback in the short term. However, the width of the bands suggests continuation of the current trend is possible, though with increased risk.

The 24-hour volume distribution was skewed toward the late ET hours, with the largest spike occurring between 19:30–20:30 ET. This coincided with the 0.2029 high, suggesting significant buying pressure. Turnover increased in line with volume during this period, confirming the price breakout. However, after 04:00 ET, a divergence emerged between volume and price, where volume decreased while price continued to rise slightly. This may indicate a potential exhaustion phase or a lack of follow-through from the initial buying wave.

Fibonacci retracement levels from the 0.1911 low to the 0.2029 high show the 0.2009 close landing near the 61.8% level. This suggests that the current rally is within a well-defined Fibonacci range. The 0.206 level represents the 78.6% extension, a potential target for continued bullish momentum. Traders should monitor these levels for possible consolidation or breakout confirmation in the next 24–48 hours.

Backtest Hypothesis

The backtesting strategy outlined requires identifying Bullish-Engulfing patterns for the ticker “SUSDT,” but an error occurred due to the symbol not being recognized in the data source. For a successful backtest, it is essential to verify the exact ticker symbol and exchange for Sonic/Tether (SUSDT) in the relevant data repository. For example, common alternatives include USDT-USD or SUSHI-USDT. Once the correct symbol is confirmed, a 5-day holding-period backtest can be run from 2022-01-01 to today to assess the viability of the pattern for trading decisions.