Market Overview for Sonic/Tether (SUSDT): Strong Rally and Momentum

Summary
• Sonic/Tether (SUSDT) rallied to 0.1016, with a key breakout above 0.0995 and strong bullish momentum.
• Volatility expanded significantly in the last 3 hours, with volume surging to 4.3 million.
• Overbought RSI conditions suggest potential pullback, but bullish engulfing patterns persist.
• Bollinger Bands show widening, with price near the upper band at 0.1004.
• 61.8% Fibonacci level at 0.0993 is now strong support, potentially leading to further consolidation or upside.

Sonic/Tether (SUSDT) opened at 0.0927 on 2026-01-05 12:00 ET, reached a high of 0.1016, and closed at 0.0984 on 2026-01-06 12:00 ET. The 24-hour trading range was between 0.0911 and 0.1016. Total volume was 175,579,732.6, and turnover was 1,680,384.87.

Structure and Candlestick Formations

SUSDT broke out from a descending triangle pattern on the 5-minute chart after a strong bullish engulfing pattern formed at 0.0993 on 01-06 at 14:00 ET. Key support levels include 0.0989 and 0.0973, both aligned with Fibonacci retracement levels. A doji formed at 0.1004 on 01-06 at 16:15 ET, suggesting potential consolidation ahead.

Moving Averages and Momentum

The price closed above both the 20-period and 50-period moving averages on the 5-minute chart, reinforcing a bullish bias. Daily 50/100/200 EMA alignment shows price is above all three, indicating a strong trend. MACD remains positive with increasing histogram bars, while RSI reached overbought territory at 76, signaling potential short-term exhaustion.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly during the 01-06 afternoon session, with price reaching the upper band at 0.1016. This widening suggests a phase of heightened volatility and aggressive buying. Price is currently near the upper band at 0.0984, suggesting a potential pullback could be imminent.

Volume and Turnover

Volume spiked sharply during the 14:00–16:00 ET window, with a 4.3 million volume candle at 0.1004 indicating strong buyer participation. Turnover also rose sharply, aligning with price action and suggesting conviction in the rally. No significant divergence between volume and price was observed.

Looking ahead, the key resistance level to watch is 0.1016, with a breakout potentially leading to a test of 0.103. However, caution is warranted as overbought RSI and an upper Bollinger Band reversal could trigger a short-term pullback. Investors should monitor the 0.0993 Fibonacci level for support, with a breakdown potentially leading to retesting of 0.0973.