Market Overview: Sonic/Tether (SUSDT) on 2026-01-03

Summary
• Sonic/Tether (SUSDT) formed a bullish engulfing pattern at 0.0810 after a sharp decline from 0.0835.
• Price consolidation between 0.0808–0.0815 suggests a potential base ahead of further movement.
• RSI shows signs of oversold conditions near 0.0805, hinting at short-term rebound potential.
• Volume surged during the 0.0835 high and again during the 0.0802 low, indicating key reversal interest.
• Bollinger Bands narrow around 0.0811–0.0815, signaling potential volatility expansion.

Sonic/Tether (SUSDT) opened at 0.0813 on 2026-01-02 12:00 ET, reached a high of 0.0845, a low of 0.0798, and closed at 0.0815 on 2026-01-03 12:00 ET. Total trading volume for the 24-hour period was 46,322,433.00 and notional turnover was 3,722,894.15.

Structure & Formations

Price action displayed a key bullish engulfing pattern at 0.0810 during the 03:45–04:00 ET window, following a steep decline from the 0.0835 high. The pattern formed at the lower end of a 0.0805–0.0835 range, suggesting a possible short-term bottom. A doji appeared near 0.0809 at 05:30 ET, reinforcing the idea of indecision. Support appears at 0.0808–0.0810, while resistance is likely near 0.0820–0.0822 as the price tested these levels multiple times.

Moving Averages

On the 5-minute chart, the 20-period MA crossed below the 50-period MA in the early hours, indicating bearish momentum.

The 50-period MA held steady above price during consolidation, showing a possible retest of key moving averages. Daily MAs were not calculated due to the narrow time window, but prior daily structure suggests 0.0816–0.0820 as potential resistance.

Momentum & Volatility

The MACD turned positive after the bullish engulfing pattern, aligning with the RSI bottoming near 30 at 0.0808. This suggests potential for a short-term rebound. Bollinger Bands had narrowed significantly during the consolidation phase, with price near the lower band, indicating a possible expansion in volatility. A break above the 0.0819–0.0820 range could lead to a test of the 0.0825–0.0830 zone.

Volume & Turnover

Volume spiked during the formation of the 0.0835 high and again at the 0.0802 low, signaling high interest at those levels. Notional turnover confirmed the price action, with the 0.0835 high and 0.0802 low showing strong participation. A divergence between price and volume was observed during the consolidation period, suggesting a possible shift in market sentiment.

Fibonacci Retracements

Key Fibonacci levels were observed on the 0.0798–0.0835 move. The 0.0810–0.0813 range aligns with the 38.2% retracement level, indicating a likely support area for near-term buying. A break above 0.0820 could trigger a move toward the 61.8% level at 0.0828, but this would require strong follow-through.

SUSDT appears to be consolidating after a volatile 24-hour session. A sustained move above 0.0819 may confirm a resumption of upward momentum, while a drop below 0.0808 could signal a continuation of the bearish phase. Investors should remain cautious and watch for key support and resistance levels to guide the next phase of the move.