Market Overview: Sonic/Tether (SUSDT) 24-Hour Analysis

Summary
• Sonic/Tether (SUSDT) posted a bearish close with key support tested near 0.0785.
• Momentum suggests a potential pullback as RSI shows bearish divergence.
• Volatility expanded during midday US trading with a 0.0805 high.
• Volume increased during the late afternoon, supporting a potential reversal.
• Bollinger Bands show recent contraction, indicating a possible breakout.

Sonic/Tether (SUSDT) opened at 0.0789 on 2025-12-17 at 12:00 ET, reaching a high of 0.0808 and a low of 0.0776 before closing at 0.0787 at 12:00 ET on 2025-12-18. Total volume amounted to 56,536,184.8 with a notional turnover of approximately $4,391,158.

Structure & Formations

Price tested key support at 0.0785 twice and formed bearish engulfing patterns during the late afternoon and evening sessions, signaling increased bearish pressure. A potential bullish reversal emerged near 0.0785 as price retested and held above that level multiple times.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages diverged during the afternoon, with price crossing below the 20SMA. The 50/100/200 SMA alignment on the daily chart shows a bearish bias, with the 50SMA below the 200SMA indicating a medium-term downtrend.

MACD & RSI

MACD turned negative after an afternoon rally, showing bearish momentum. RSI dipped into oversold territory briefly near 0.0782 but failed to close above 50, suggesting a weak recovery. Bearish divergence appears to be forming, pointing to potential continuation of the downward move.

Bollinger Bands

Volatility widened midday with the price reaching the upper band at 0.0805. A contraction followed in the early morning, indicating a potential breakout or breakdown. Price currently sits near the middle band with no clear direction yet.

Volume & Turnover

Volume spiked in the afternoon and late trading hours, aligning with price action as the pair tested key levels. Turnover increased by ~40% during the 14:00–16:00 ET window, with price failing to hold above 0.0805.

Fibonacci Retracements

On the 5-minute chart, price hit the 61.8% Fibonacci retracement level at 0.0790–0.0795 during the afternoon, but failed to sustain above it. On the daily chart, a retracement to 0.0785 marks a key psychological level that appears to have held.

The market appears to be consolidating near 0.0785, with short-term bearish momentum likely to continue unless price closes above 0.0805. Investors should watch for a breakout or breakdown from the 0.0785–0.0805 range in the next 24 hours, with risks skewed to the downside in the absence of strong bullish confirmation.