Summary
• Price dropped from 0.01829 to 0.01746 on 24-hour low-turnover divergence.
• 20-period 5-min MA acted as dynamic resistance during early recovery attempts.
• Bollinger Band contraction at 08:45 ET suggested rising volatility ahead.
• RSI hit oversold 30s but failed to trigger strong reversal, indicating bearish momentum.
• Volume surged during late afternoon sell-off, confirming breakdown below key support.
24-Hour Price and Trading Summary
Syscoin/Tether (SYSUSDT) opened at 0.01788 on 2025-12-28 at 12:00 ET, touched a high of 0.01829 and a low of 0.01745, and closed at 0.01747 at 12:00 ET on 2025-12-29. The 24-hour volume was 8,405,637.0 SYS and the turnover was 145,364.698 USDT.
Structure & Formations
Price tested a key support level at 0.0176 multiple times, with a breakdown occurring at 14:00 ET on 2025-12-29 as volume spiked. A bearish engulfing pattern formed at 0.01775–0.01771, signaling a shift in momentum. A doji at 0.01785 (03:30 ET) hinted at indecision before a bearish breakout.
Moving Averages
The 20-period and 50-period 5-minute moving averages acted as resistance during the early recovery phase (07:00–09:00 ET), with prices failing to close above the 50 MA. The 200-period daily MA remains above the current price, indicating long-term bearish bias.
Momentum Indicators
MACD crossed below the signal line in the morning, confirming bearish momentum.
RSI fell into the oversold range (30s) but failed to trigger a rebound, suggesting weak buying pressure. The divergence between low turnover and declining price implies further weakness could follow.
Bollinger Bands
A contraction in Bollinger Bands occurred at 08:45 ET, followed by a breakout to the downside. Prices remained near the lower band for much of the session, reinforcing oversold conditions and bearish bias.
Volume & Turnover
Trading volume increased sharply during the breakdown at 14:00 ET, with a 201,247 SYS print at 0.01745 confirming bearish conviction. Turnover spiked alongside volume, showing no divergence. The largest 5-minute turnover was at 09:45 ET (16,019.65 USDT), coinciding with a sharp selloff.
Fibonacci Retracements
The recent 5-minute swing from 0.01829 to 0.01745 saw price stall near the 61.8% retracement level at 0.01780, confirming its role as key resistance-turned-support. Daily retracements from the higher timeframe trend remain bearish, with 0.01745 acting as a potential pivot point.
The market appears to be consolidating in a bearish range, with key support at 0.01745 and resistance near 0.01780. A break below 0.01745 could target 0.01730, but a rebound above 0.01780 may rekindle short-term buying interest. Investors should be mindful of low liquidity and potential gap risks over the next 24 hours.
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