Market Overview: Syscoin/Tether (SYSUSDT) – 2025-10-13 12:00 ET

• Syscoin/Tether (SYSUSDT) formed a strong bullish reversal from 0.0270 to 0.03206, with volume surging near the peak.
• Price consolidated within a 0.0270–0.03477 range, showing mixed momentum and overbought/oversold RSI shifts.
• A breakout above 0.03477 may face resistance at 0.03593, with key support at 0.03315.
• Volatility spiked during a 10:15 AM–10:45 AM ET surge, but turnover diverged at the peak.
• A 20-period moving average crossed above the 50-period line mid-session, signaling potential bullish bias.

Syscoin/Tether (SYSUSDT) opened at 0.0270 on 2025-10-12 at 12:00 ET and reached a high of 0.04302 before closing at 0.03278 on 2025-10-13 at 12:00 ET. The 24-hour trading period saw total volume of 523,843,095 and notional turnover of approximately $15,340,000.

The price action was characterized by a sharp upward impulse from 0.0270 to 0.03206, followed by a pullback and consolidation. A breakout attempt above 0.03477 failed due to strong resistance near 0.03593, where bearish volume pressure was evident. A strong bullish engulfing pattern formed around 2025-10-13 at 02:45 AM–03:00 AM ET as price surged from 0.02838 to 0.02883. The formation may indicate a short-term reversal and is worth monitoring.

Structure & Formations

Key resistance levels identified include 0.03593 (a failed high from 10:45 AM ET), 0.03699 (a previous peak), and 0.03866 (a swing high). Key support levels are at 0.03315, 0.03148 (a pullback low), and 0.03021 (a consolidation floor). The price tested the 0.03315–0.03337 range twice, showing buyers stepping in around that level. A morning doji formed near 0.03315, suggesting indecision. The bullish engulfing pattern at 0.02838–0.02883 indicates a possible short-term reversal.

Moving Averages

On the 15-minute chart, the 20-period moving average (20SMA) crossed above the 50-period moving average (50SMA) between 0.02841 and 0.02883, indicating a potential bullish shift. The 50SMA is now acting as a dynamic support near 0.03021. On the daily timeframe, the 50-day moving average (50DMA) is at 0.02945, the 100DMA at 0.02876, and the 200DMA at 0.02798. Price is currently above all three, signaling a bullish trend.

MACD & RSI

The MACD line crossed above the signal line during the morning surge, suggesting renewed bullish momentum. However, RSI reached overbought territory near 0.03206, which may trigger a short-term correction. RSI later pulled back into oversold territory (around 0.03122–0.03125), signaling potential buying opportunities. The divergence between price and RSI at the peak suggests weakening bullish momentum and a potential reversal.

Bollinger Bands

Volatility expanded sharply during the 10:15 AM–10:45 AM ET surge, pushing price to the upper band at 0.03206 and beyond. Price subsequently moved toward the middle band and consolidated near the lower band in the afternoon. The bands constricted slightly during the pullback phase, suggesting a potential breakout or breakdown could occur in the next session. Price remains above the 20-period Bollinger Band mean, indicating continued bullish bias.

Volume & Turnover

Volume surged to 52,679,340 during the 10:15 AM–10:45 AM ET spike, but notional turnover only reached $1,650,000. This divergence suggests the move may have lacked conviction. Volume also spiked again during the 02:45 AM–03:00 AM ET bullish engulfing pattern, with strong buying pressure. The afternoon pullback saw volume decline, indicating bearish exhaustion. However, volume remained above 40 million during the consolidation phase, suggesting continued participation.

Fibonacci Retracements

Applying Fibonacci levels to the 0.0270–0.03206 swing, the 38.2% level is at 0.02896 and the 61.8% level is at 0.02966. These levels coincided with the 2025-10-13 03:00 AM and 06:30 AM ET consolidation. On the daily chart, the 38.2% retracement of the 0.0270–0.03206 move sits at 0.02966, while the 61.8% level is at 0.03021, aligning with a key consolidation floor. Price remains above the 61.8% level, indicating ongoing bullish momentum.

Backtest Hypothesis

Given the appearance of a Bullish Engulfing pattern on SYSUSDT near 0.02838–0.02883, a backtest could assess whether holding for 14 days following such a signal historically results in positive returns. This would require identifying all daily occurrences of this pattern and comparing the performance of a long position opened on the close following the signal and held for 14 days. If you can provide the list of Bullish Engulfing dates for SYS/USDT, I can immediately perform this 14-day-hold backtest to validate the strategy’s potential.