Market Overview for Sonic/Tether (SUSDT)

Summary
• Price tested key support near 0.0903 before rebounding.
• Volume surged during the breakdown attempt but failed to confirm a move below 0.0903.
• RSI shows overbought conditions at close, suggesting potential short-term pullback risk.
• Bollinger Bands tightened mid-day, indicating a possible volatility expansion phase.
• 5-minute engulfing patterns signal bullish exhaustion and bearish accumulation pressure.

Sonic/Tether (SUSDT) opened at 0.0932 on January 4, 2026, and traded between 0.0901 and 0.0932 before closing at 0.0908 on January 5, 2026. Total 24-hour volume reached 30,902,148.3, while turnover stood at 2,836,014.65.

Structure & Formations

The 24-hour chart shows a bearish breakdown attempt from 0.0925 to 0.0903, but price found support near 0.0903–0.0905. Several bullish engulfing and doji patterns formed near the support level, signaling indecision and possible consolidation. The 0.0910–0.0920 range appears to be key for near-term structure.

Moving Averages

On the 5-minute chart, the 20-period MA dipped below the 50-period MA, suggesting a bearish crossover. On the daily chart, the 50-period MA is approaching the 100-period MA, which could indicate a potential shift in trend if the price holds above 0.0910.

MACD & RSI

The MACD line turned negative mid-day, reflecting weakening bullish momentum. RSI closed in overbought territory but is starting to correct downward, suggesting a potential short-term pullback. A drop below 50 on RSI could indicate a shift in sentiment.

Bollinger Bands

Bollinger Bands constricted between 0.0910 and 0.0920 for several hours, pointing to a period of low volatility. Price has since broken below the lower band, indicating a potential expansion phase and increased bearish bias.

Volume & Turnover

Volume spiked during the breakdown attempt to 0.0903 but failed to confirm a sustained move below this level. Notional turnover also increased during this period, suggesting active participation but without decisive price movement, hinting at order book resistance.

Fibonacci Retracements

Key Fibonacci levels (38.2% at 0.0917 and 61.8% at 0.0908) aligned with observed price consolidation and breakdown points. The current close at 0.0908 coincides with the 61.8% level, which may act as a near-term floor.

The next 24 hours may see renewed testing of the 0.0903–0.0905 support cluster. Investors should watch for confirmation of a break below 0.0901 or a rejection near 0.0905, which could drive a directional move. As always, unexpected macroeconomic events or sectoral shifts may disrupt this pattern.