Market Overview: Sonic/Tether (SUSDT) Gains Ground Amid Rising Volatility

Summary
• Sonic/Tether (SUSDT) formed a bullish engulfing pattern near 0.0780, signaling potential short-term reversal.
• Volume spiked during the 2:30–3:30 ET window, confirming strength in the upward move toward 0.0801.
• RSI remains in neutral territory, indicating momentum is intact but not yet overbought.
• Bollinger Bands have widened, reflecting increased volatility amid a 3.5% price recovery.
• A 61.8% Fibonacci level at 0.0793 may act as near-term resistance for further consolidation.

Sonic/Tether (SUSDT) opened at 0.0780 on 2025-12-28 12:00 ET, reached a high of 0.0810, a low of 0.0765, and closed at 0.0795 by 2025-12-29 12:00 ET. Total 24-hour volume was 36,108,484.2 and turnover amounted to 2,871,544.09.

Structure & Candlestick Patterns

A bullish engulfing pattern formed near the 0.0780 level, indicating a potential short-term reversal after a 6-hour consolidation phase. Key support levels appear at 0.0775 and 0.0765, while resistance is building at 0.0797 and 0.0804.

Volatility and Bollinger Bands

Bollinger Bands have widened to reflect the increased volatility associated with the 3.5% price recovery over the past 24 hours. Price has spent the last 3 hours oscillating within the upper band, suggesting continued strength in the current rally.

Momentum and Fibonacci

The 61.8% Fibonacci retracement level at 0.0793 has acted as a temporary ceiling for the past 90 minutes, with the 50-period moving average providing dynamic support near 0.0787. RSI remains in the mid-50s, suggesting that while the rally is sustained, it has not yet entered overbought territory.

Looking ahead, if SUSDT manages to break above the 0.0801–0.0804 resistance range with rising volume, it could signal a broader bullish trend. However, a pullback toward the 0.0775–0.0765 area may trigger consolidation, so investors should remain cautious of potential volatility.