Market Overview for Sun/Tether (SUNUSDT) on 2025-09-26

• SUNUSDT declined from a 24-hour high of $0.02635 to close at $0.02414, signaling bearish momentum and a potential continuation of the downward trend.
• Price action showed a strong bearish bias, with multiple bearish engulfing patterns and a lack of bullish follow-through above key resistance levels.
• Volatility and trading volume increased sharply during the late New York session, indicating growing participation and possible short-term price pressure.
• RSI and MACD confirmed the bearish momentum, with RSI near oversold territory and MACD in negative territory with bearish divergence.
• Bollinger Bands showed a recent expansion, reflecting heightened volatility and a price that has moved below the 20-period MA on the 15-minute chart.

Sun/Tether (SUNUSDT) opened at $0.02629 on 2025-09-25 at 12:00 ET and closed at $0.02414 on 2025-09-26 at 12:00 ET, after reaching a high of $0.02635 and a low of $0.02358. The pair traded with a total volume of approximately 170.8 million SUN and a notional turnover of $4.49 million over the 24-hour period.

Structure & Formations

The 15-minute chart of SUNUSDT reveals a strong bearish bias with multiple bearish engulfing patterns and key support levels forming in the $0.0242–0.0246 range. A potential resistance zone is visible around $0.0250, which the pair failed to reclaim multiple times. A notable bearish doji appeared during the 04:00–04:15 ET timeframe, signaling indecision and possible reversal near $0.0253. Price action suggests that sellers are in control and any rally near $0.0250 could face resistance. The 15-minute chart shows a consistent breakdown, reinforcing the bearish bias.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are both below the current price, reflecting a bearish crossover (death cross) and confirming the downward trend. On the daily chart, the 50-period MA is below the 100-period MA, with the 200-period MA acting as a strong bearish trendline. These readings suggest a continuation of the downward movement unless a strong bullish reversal is observed near the $0.0250–0.0255 range.

MACD & RSI

The MACD has been negative for most of the 24-hour period, with a bearish crossover and declining histogram confirming the bearish momentum. RSI has declined to oversold territory near 28, indicating a potential for a short-term bounce. However, the lack of strong follow-through above $0.0245 suggests that this could be a false breakout. Both indicators support the continuation of the bearish trend, with RSI indicating that further downside may be limited in the near term.

Bollinger Bands

Bollinger Bands have shown an expansion in volatility during the past 24 hours, with price frequently touching the lower band in the late hours of the New York session. The current price sits well below both the 20-period and 50-period moving averages, confirming that the pair is trading in oversold territory. The widening of the bands suggests an increase in market uncertainty and volatility, which may lead to further downside or a temporary pullback.

Volume & Turnover

Volume has increased significantly during the late New York and early London sessions, with several 15-minute intervals showing over 10 million SUN traded. The highest volume was recorded at 11:30–11:45 ET with 29.6 million SUN, coinciding with a sharp price drop below $0.0243. Notional turnover followed a similar pattern, with sharp spikes during the same timeframes. The correlation between price and volume supports the bearish momentum, with no significant divergence observed.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing (from $0.02635 high to $0.02358 low), key levels are currently at 38.2% ($0.02497) and 61.8% ($0.02437). The price has tested and held below the 61.8% level, suggesting that sellers are in control. On the daily chart, retracement levels align with the $0.0250 and $0.0245 range, both of which have shown resistance. These levels could act as potential support or resistance in the coming 24 hours.

Backtest Hypothesis

Based on the observed bearish trend, a potential backtesting strategy involves a short position when price breaks below the 61.8% Fibonacci level at $0.02437 with increased volume confirmation. A stop-loss would be placed above the 38.2% retracement at $0.02497, and a take-profit target would be set at $0.02358, the recent low. This approach aligns with the bearish bias seen in the MACD and RSI, as well as the structure of the Fibonacci levels and volume spikes. A confirmation of the bearish pattern on the 15-minute chart would provide an ideal entry point for the short position.