Market Overview: Syscoin/Tether (SYSUSDT) – 24-Hour Action and Key Levels

• SYSUSDT opened at $0.0404, reached $0.04263, and closed at $0.04231 on 2025-09-18.
• Price showed a bullish consolidation after hitting a key resistance near $0.0422–0.0424.
• Momentum picked up in the early hours, with RSI entering overbought territory at 75.
• Volatility expanded as price moved above the upper Bollinger Band during the 02:00–05:00 ET window.
• Turnover spiked to $38,222 at peak, aligning with the push above 0.0422–0.0424 level.

Syscoin/Tether (SYSUSDT) opened at $0.0404 on 2025-09-17 at 12:00 ET and closed at $0.04231 on 2025-09-18 at 12:00 ET. The pair reached a high of $0.04263 and a low of $0.04012 over the 24-hour period. Total volume amounted to 8.1 million coins, while notional turnover reached approximately $349,000.

Structure & Formations

The 15-minute chart shows a clear bullish reversal pattern forming around 0.0403–0.0404, followed by a strong push to new 24-hour highs after 03:15 ET. A bearish engulfing pattern emerged briefly at 0.0424–0.0425 before bulls reclaimed control. The 0.0422–0.0424 range appears to be a key support/resistance level that has been tested multiple times and could now serve as a potential pivot point. A doji candle around 0.04203 suggests indecision and possible reversal risk if this level fails to hold.

Moving Averages

On the 15-minute chart, the price remains above both the 20SMA and 50SMA, indicating short-term bullish momentum. The 50-period MA is trending upward and currently sits at approximately 0.04195–0.04205. On the daily chart, the 50DMA and 200DMA are converging, with the price trading slightly above both. This suggests that while the short-term trend is bullish, the longer-term trend remains in a tight consolidation phase, with potential for a breakout in the near future.

MACD & RSI

The MACD line crossed above the signal line in the early morning hours, confirming a bullish momentum shift. The RSI reached 75, indicating overbought conditions during the morning push, though it has since retreated to 65–70. This suggests that while the bulls have shown strength, caution is warranted as overbought levels often precede corrections. A RSI pullback below 60 could signal a potential consolidation phase.

Bollinger Bands

Volatility has expanded significantly over the past 12 hours, with the Bollinger Bands widening and the price moving above the upper band between 02:00 and 05:00 ET. This suggests increased buying pressure and potential for further upward movement. However, the price has since consolidated back into the channel, indicating a possible pause in momentum. A retest of the upper band could provide confirmation of sustained bullish strength.

Volume & Turnover

Volume and notional turnover spiked during the 02:00–05:00 ET period, coinciding with the price’s push above 0.0422–0.0424. The highest turnover of $38,222 was recorded at 03:15 ET. Notably, volume has remained strong even during consolidation phases, suggesting continued participation from bullish traders. A divergence between rising price and declining volume in the next 24 hours may signal weakening momentum.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key swing from 0.04012 to 0.04263, the 38.2% level is at approximately 0.04166, and the 61.8% level is at 0.04234. The current price is near the 61.8% level, indicating a potential area of resistance and possible consolidation. A break above 0.04263 could open the door to testing higher levels such as 0.0430 or 0.0435. Conversely, a pullback to 0.04166–0.0419 could reestablish this as a support level.

Backtest Hypothesis

The backtesting strategy involves entering long positions when price breaks above the 50SMA on the 15-minute chart and volume confirms the breakout by exceeding a 24-hour median volume threshold. A stop-loss is placed below the recent swing low, and a take-profit is set at the 61.8% Fibonacci level of the most recent bullish swing. This approach aligns with the observed bullish momentum and recent consolidation patterns, offering a high-probability setup for traders expecting a continuation of the current trend. However, the strategy would need to account for volatility and false breakouts by incorporating a time filter to confirm the breakout holds for at least three consecutive 15-minute candles.